Framework Group Acquires Development Site At 940 Channelside Drive In Tampa For $7.85M

Tampa developer Framework Group has purchased a half-acre development site at 940 Channelside Drive in Tampa for $7.85 million. The site spans 0.54 acres and will be used for the second phase of the Place at Channelside apartment property. The development will feature a 32-story building with 262 apartments and commercial space.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $7,850,000
• Address: 940 Channelside Drive
• Market: Tampa
• Buyer: Framework Group - Phillip Smith
• Seller: Dynamic Group

The acquisition of the development site enables Framework Group to proceed with the construction of the second phase of the Place at Channelside apartment property. Phillip Smith, representing Framework Group, facilitated the purchase from the seller, Dynamic Group.