TAMPA — One business day after paying $13 million for the site of the ConAgra flour mill, the development company for Water Street Tampa on Monday got the green light to spend another $2.75 million more on land it needs for its finest hotel and tallest office tower.
The Tampa Hillsborough Expressway Authority board voted to sell the land — nine parcels that used to make up the curvy parts of Brorein Street — to Strategic Property Partners (SPP), the real estate venture between Tampa Bay Lightning owner Jeff Vinik and Cascade Investment, the private capital fund of Microsoft founder Bill Gates.
Even more than the purchase of the flour plant, which has long been seen as an industrial anachronism in an area expected to become a lively neighborhood and entertainment hub, the Brorein Street purchase has immediate importance for the $3 billion mixed-used development.
To read the rest of the story, please go to: Tampa Bay Times
