TAMPA, FL – Today the Tampa Housing Authority and Related Urban Development Group (Related Urban) announced their partnership in the redevelopment of Tampa’s oldest public housing site, North Boulevard Homes and Mary Bethune. Related Urban will serve as the master developer partner with THA for the nearly 200 acres known as the West River area of Tampa’s Center City, generally described as north of Interstate 275, south of Columbus Drive and west from Hillsborough River to Rome Avenue. Over the next several years, West River will evolve into a vibrant mixed-use development with 1,636 mixed-income housing units and just over 177,000 SF of commercial space.
“With a developer of the caliber of Related Urban on our team, I am very confident we can leverage these predominantly public land holdings and transform the West River area into a vibrant, walkable, transit-oriented and diverse community,” said Mayor Bob Buckhorn.
Under the partnership agreement, at least 820 rental units and 30% of the for-sale units will be affordable to families earning less than 80% and 120% of area median income, respectively. Of course, current residents of North Boulevard and Mary Bethune apartments will be given first priority to return to West River once the housing is rebuilt.
“We are very focused on creating real economic opportunities at various income levels, establishing strong ties with public and cultural education institutions, health care and community service providers, and doing all we can to ensure that West River and all of its residents and businesses flourish,” said Jerome Ryans, President and CEO of the Tampa Housing Authority.
Importantly, at least 20% of all contracts will be awarded to minority-owned business enterprises or contractors/suppliers. Additionally, the partnership will have a goal of providing a minimum of 20% of the jobs to Section 3 applicants.
“This opportunity to reshape the West River aligns perfectly with our commitment to create transformative housing in communities that need it most,” commented Albert Milo, Jr., Senior Vice-President and Principal of Related Urban. “We look forward to working alongside THA and Mayor Buckhorn to bring about prosperity for the families of this community.”
About Related Urban Development
Related Urban is a joint venture between The Related Group and The Urban Development Group. The principals are Jorge M. Perez and Alberto Milo, Jr. The Related Group was established in 1979, and is America’s leading developer of sophisticated metropolitan living and one of the largest firms in the country. For more than 35 years, The Related Group has created innovative residential developments that have dramatically changed South Florida’s urban landscape. Since its inception, the privately held company has built and managed more than 90,000 condominium and apartment residences in major markets throughout Florida. The Related Group has earned a national reputation for its visionary design and development of luxury condominiums, mixed-use developments and affordable rental properties – often in emerging or undiscovered neighborhoods. For more information, please visit related group.com
About Tampa Housing Authority
The Housing Authority of the City of Tampa promotes the development and professional management of a variety of affordable housing opportunities, facilities and supportive services to nurture neighborhoods, to provide economic development and self-sufficiency activities to residents as well as to also assure equal access to safe, quality housing for low and moderate income families throughout the community. www.thafl.com
About the West River Area
The City of Tampa and the Tampa Housing Authority will work together with Related Urban Development Group to revitalize and redevelop the West River area. The focus for this area will be north of Interstate 275, south of Columbus Drive and west from Hillsborough River to Rome Avenue. The City of Tampa, Tampa Housing Authority and Related Urban Development Group team will continue to collaborate closely with the West Tampa community, Tampa Housing Authority residents, and other stakeholders.