Residential Real Estate’s Natural Niche

There are gated communities — and then there are “enclaves.” The Bay Area is dotted with the former. The latter — the kind of high-end, environmentally sensitive living that Thoreau might have pined over — are more singular.

They’re residential hybrids. They combine the yesteryear ambience of nature, a strong conservation ethic, lots big enough for compound living, a small cadre of environmental consultants and vetted builders — and proximity to a major urban core.

“Surveys are proving that people like natural, open spaces to commune with nature, whether it’s walking, jogging, biking or meditating,” points out Stewart Gibbons, vice president and general manager of Terrabrook, the developer of Pasco County’s Connerton. The wetlands-friendly, village-like development in Land O’ Lakes will include houses in the $400,000-$500,000 range.

“That’s a market with a lot of appeal, no doubt,” underscores James Moore of the architectural-engineering consulting firm of HDR Inc. “We’re talking about those who want to see nature when they wake up — and in 25 minutes be smack in the middle of a big city. The master planning looks like something from an English landscape school.”

One notable enclave is Stonelake Ranch, which recently broke ground in eastern Hillsborough along the banks of Lake Thonotosassa. Co-developers Charlie Funk and Jeff Meehan, who also developed the gated community of Arbor Greene in New Tampa, purchased the 650-acre Hendry Ranch last year (for some $6 million).

“We had no idea this even existed until we saw it,” recalls Funk. “There are probably a lot of builders angry at their acquisition guys who didn’t tell them. There just aren’t many sites like it. This is like Ocala — but it’s only 20 minutes from downtown Tampa.”

At its peak, the ranch was home to as many as 400 head of cattle and 100 acres of citrus trees. In its next incarnation, it will house 147 homeowners on sites ranging from 1.5 acres to nearly 14 acres. Prices will range from the $700,000’s to $3 million and up. And up. Among the early buyers: a number of professional athletes and Lakeland physicians.

Current residents include egrets, herons, sandhill cranes, foxtail squirrels and a least one very prominent bald eagle. The rolling terrain is a mix of small ponds and Spanish moss-draped laurel and live oaks as well as cypress, cedar and hickory trees.

Funk and Meehan made the decision during their due diligence to not max out on densities. For openers, it would not have been welcomed by the county. It was also an exercise in enlightened self-interest: Paving over paradise wasn’t good business — but maintaining the property’s natural character was.

“This is a beautiful place, and we wanted to preserve what we could,” says Funk. “Our advice to the civil engineers was, ‘If there’s a conflict with a tree, take out the road.’ That’s how we approached it.”

That approach also has resulted in a bird sanctuary, a live oak tree farm, eight miles of 40-foot-wide riding trails, 120 acres of undisturbed meadows and setback provisions that exceed county requirements. And at elevations that top 80 feet, Stonelake is one of the highest points in Hillsborough County.

There is no elaborate clubhouse with tennis courts and a pool — that’s what individual compounds are for. Residents even have the option to build stables.

“This may sound corny, but we really did feel an obligation to do this right,” says Stonelake General Manager Brian Funk. “To act as if we all our stewards of the land.”

Loft Lifestyles Arrive in Bay Area

When Jimmie Overton garages his car — and it’s a red Viper — for the weekend, he’s ready to kick back and enjoy. What now beckons is what he likes best about his loft lifestyle.He and his wife Toni will still revel in the minimum of household maintenance. And they periodically pause to ogle their polished, concrete floors, 22-foot ceilings, interior wall of glass block, granite counter tops and maple cabinetry. But now it’s time to wind down — on the town. On a given Friday night, the Overtons will stroll a couple of blocks from their new, 2,000-square-foot, $300,000 loft residence in Tampa’s Channel District to the nearby waterfront entertainment complex at Channelside. The workweek is behind them; happy hour drinks and appetizers at Splitsville await.

They later hop a trolley into Ybor City. The Overtons, 36, like ambling down 7th Avenue to the funky ambience that is the Green Iguana and the even funkier Club Prana.

The next night is much more pedestrian. They again take the short walk to Channelside, only this time for a relaxed dinner at Grille 29, where they also enjoy the view overlooking Garrison Channel. Sometimes a movie follows.

What never ensues are regrets.

The Overtons were among the first (of 28) buyers at Channelside 212 Lofts, the pioneer loft project near downtown Tampa. They moved in at the end of January. “This really works for us,” stresses Jimmie. “There’s a lot going on — and it’s right where we live.”

The Overtons are a microcosm of a national trend: low-maintenance, upscale, intown living that’s all about lifestyle. As a dual income couple with no kids (DINKS), they are a key target market.

“Pleasure time is at a premium for us,” explains Jimmie, who travels extensively as the manager of Regional Scientific Services for Allergan Pharmaceuticals. “The Aquarium isn’t far. Neither is the Forum. We like walking to entertainment — and maxing out our personal time.”

Adds Toni, a registered nurse at Tampa General Hospital: “Frankly, we don’t have a lot of interest in spending time on things like landscaping.”

DINKS To BOBOS

Today’s lofts — more likely to be new construction than warehouse conversion — are an increasingly popular alternative to detached single-family homes, generic condos and stock apartments.

“It’s part of the trend for more efficient living,” reasons Mickey Jacob of Urban Studio Architects. “People are looking for more mobility and less maintenance. Loft is kind of a catch-all. It’s about creating your own sense of place.”

Call it “urban chic,” suggests James Moore, an urban planner for HDR Inc. “The urban lifestyle is making a big comeback. Downtowns, especially of older cities, have more interesting attributes, such as architecture and proximity to the water’s edge and amenities you can’t duplicate. It’s also about tradeoffs. There is less concern about noise, for example.”

Most lofts include traditional architectural elements such as oversized windows, hardwood or concrete floors, tall ceilings, multi-level floor plans and exposed trusses and ductwork. Some feature amenity packages and upgrade options. And some, frankly, are riding the crest of a trend with loft-lite products plunked down in a metro mix.

Explains St. Petersburg residential developer George Gower: “Anything new can be a ‘loft’ even if it’s only exposed AC ducts. It’s really part of the fashion industry. It changes every few years. Go to Home Depot for fixtures. You’ll find the Tuscan or the Loft Collection.”

What lofts are NOT is the nearly exclusive province of artists. Tampa’s Channel District — which has been rapidly morphing out of its seedy, industrial past — or downtown St. Petersburg — for all of its artsy infrastructure — are not reincarnations of 1940s SoHo or Tribeca.

DINKS, however, are just one segment of lofts’ protean market niche. There are also the empty nesters and young professionals. And the most recent demographic phenomenon: BOBOS — or bourgeois bohemians. Gower defines them as “hippies with money.”

“They want the best of everything, but they don’t want to be ostentatious about it,” notes Gower, whose Citi Life Financial Inc. is the driving force behind the loft-condo-retail “Arts on 8th” project in downtown St. Petersburg. “They’re looking for the cultural interaction you don’t get in the suburbs. That’s who lofts appeal to with their minimalist, geometric look.”

It’s a look that accentuates eclectic materials — from drywall to steel — while placing a premium on open spaces and playing down internal partitions.

“What we like is that so much of the space isn’t committed,” explains Jimmie Overton. “We like the flexibility. We see it as conducive to entertaining.”

Then there’s the uniquely informed, “beginning”) empty-nester perspective of Madelyn Kinemond. For $525,000, she and her husband George have purchased a 1,840-square-foot, 3-bedroom, 3-bath penthouse loft at the 85-unit McNulty Lofts now being built above a garage in downtown St. Petersburg.

“This is so very different from the current popular interior and exterior Mediterranean and Villa style condos and homes,” points out Kinemond, an interior designer. “This will have the type of interior appointments one would find in actual old factories that have been converted to residences — brick accent walls, floor-to-ceiling windows, exposed ductwork, sealed concrete floors and open floor plans. As a designer, I am so excited to be able to do something very different from my current (Tierra Verde) ‘Old World’ style home.”

Housing Tale of Two Cities

Both St. Petersburg and Tampa are experiencing metro makeovers with residential components acting as key catalysts.

St. Petersburg, which lacks Tampa’s industrial base, has long had a residential element, attributable in no small part to an inventory of retiree hotels and seasonal apartments. At its lowest — circa 1990 — St. Petersburg had about 7,000 people living downtown. Tampa — not counting prison inmates — had a couple hundred. Tampa had a commercial district and warehouses. It built parking garages and office towers.

Since the late ’90s, St. Petersburg has been seeing a pattern of renovations, conversions and new construction to complement BayWalk and a happening arts and dining scene. It helped that real estate prices were cheaper than Tampa and not speculator driven. City planners prodded the process by revising land development regulations and becoming more flexible about higher density uses.

Now, more than 1,500 residential units — from modest church and YMCA conversions to Citi Life’s urban village of (250) lofts and condos to seven-figure bayfront condominiums — are planned, under construction or recently completed.

Tampa’s residential revitalization is mainly in what is becoming its de facto downtown, the Channel District. “Urban in-fill was a wave in a number of cities, but not yet in Tampa,” notes Steve Gardner, managing member, The Meridian, a 35-unit art deco loft project. “But we felt it would occur here and likely in the Channel District. But never did I imagine that 12 projects would announce within a six-block radius of our site.”

By some estimates, as many as 2,500 housing units could materialize over the next decade in the former marine-support district — ranging from lofts that incorporate literal warehouse elements to condo towers that pay homage to fashionably lofty touches.

Intown Implications

The implications for both St. Petersburg and Tampa are profound. Whatever their attributes, cities are largely judged by their downtowns. A skyline is not a city. Neither is a museum. At its core, a city is downtown energy. The 9-to-5 crowd that flees to the suburbs doesn’t count. It is downtown residents shopping, dining and partying where they live. Taking in concerts, games and galleries. Hanging out. Without people, it’s Potemkin.

St. Petersburg had no industry to convert. No warehouse district. It was a resort city with a mag
nificent waterfront — and a retiree reputation that it had long sought to escape. For a time it seemed to be a big city wannabe, and the rivalry with Tampa grew contentious. Now it seems comfortable with its well-merited image as a cultural center with a sense of neighborhood — complete with parks and boutique shops. And the timing for BayWalk couldn’t have been more propitious.

“This is no longer about seasonal retirees,” underscores Ron Barton, the city’s Director of Economic Development. “Downtown is now more vibrant after 5:30. The residential development feeds on that, and we’re seeing a very diverse product being brought on the market. The transformation is mind-boggling.”

As for Tampa, while center city is proximate to the built-out Harbour Island and the residential bedrocks of Davis Islands and Hyde Park, virtually no one — save those prisoners — has been living in downtown.

Now just north of downtown is the entertainment-waterfront-retail draw that has turned the Channel District into hot residential real estate. It’s become a beacon for developers and the acronym crowd — from DINKS to BOBOS. And it’s encouraging residential developers to get serious about downtown, per se.

“There’s now a buzz and an excitement,” says Mark Huey, Tampa’s Economic Development Administrator. “It’s part of the evolution of the shopping area and the Channel District and downtown. It’s part of the national trend to eclectic urban lifestyle.”

Just ask Mick Parker, 47, who bought a high-end loft at the 89-unit Victory Lofts, where the prices can exceed $700,000.

“My wife (Barbara) and I did our homework,” says the recently relocated Circle K regional vice president. “We knew what Austin and Phoenix and Seattle and Atlanta were. This is a good investment.

“But first and foremost, it’s about lifestyle.”

Representative Downtown Projects

St.Petersburg

Bayway Lofts: 42 stories, 277 units ($200,000-$500,000). Planning stage.

McNulty Lofts: 85 units ($185,000-$550,000). Under construction.

The Madison: 277 units, flats and townhomes ($99,000-$299,000). Completed.

Arts on 8th: 250 loft (Muse Lofts & Imagine Lofts) and condo units ($180,000-$300,000). Planning stage.Calla Terrace: 15 townhomes ($130,000-$159,000). Under construction.

Orion: 33 condominium units ($249,000-$361,000). Under construction.

Parkshore Plaza: 29 stories, 120 condominium units ($269,000-$3.5 million). Under construction.

The Seville: 15 condominium units ($350,000-$549,000). Former YMCA. Under renovation.

The Pennsylvania Hotel: 18 condominium units ($227,300-$315,000). Under conversion.

Tampa

Victory Lofts: (CS) 89 loft units ($150,000-$850,000). Under construction.

Channelside 212 Lofts: (CS) 28 loft units ($155,000-$315,000). Finished.

The Meridian: (CS) 35 loft units ($185,000-$450,000). Under construction.

Art Center Lofts: (DT) 42 loft units ($129,900-$255,000). Under construction.

The Arlington: (DT) 11 loft units ($140,000-$320,000) Former hotel and Badcocks Home Furnishings Center. Under renovation.

Grand Central at Kennedy: (CS) 370 condominium units ($125,000-$750,000). Under construction.

Towers of Channelside: (CS) 260 condominium units ($275,000-$375,000). Planning stage.

Pinnacle Towers: (CS) 380 condominium units ($218,000-$2.5 million). Planning stage.

Seaport Town Center: (CS) 445 units (mix of rental and ownership). Planning stage.

Hockey: The Ultimate Misconduct Penalty

As if the National Hockey League needed another reminder of the stupidity of its labor-management ways.

Witness the sell-out crowd that recently packed the Forum for that pre-season, National Basketball Association game between the Miami Heat and The Orlando Magic. That’s right, more than 20,000 turned out for a lounge act EXHIBITION. Some tickets cost as much as $250, and, no, that’s not a typo.

But hippity hopping hoops along with baseball and — especially — pro football, are three big, entrenched reasons why hockey must keep scrambling for a fan base in the American marketplace. Hockey, which is religion in Canada, is relegated to soccer status in the States.

Which means that hockey, with TV deals worth chump change and most franchises needing to win the Stanley Cup to turn a profit, can ill afford to do anything that would turn its formidable financial challenge into a Sisyphean task. But that’s what it has done — and continues to do.

The three major athletic leagues can survive strikes, lockouts, drug scandals, police blotter publicity and even replacement players because they are the big three — and they are woven into the fabric of American sports entertainment. When hockey in America shuts down, it can fully expect fewer fans to return. Tampa isn’t Toronto; nor is Miami Montreal.

The timing, of course, couldn’t be more unfortunate for the Tampa Bay Lightning. This would have been the season of fortuity — maxing out on Stanley Cup momentum. Moreover, it would have filled a feel-good, vicarious vacuum created by the Bucs’ free fall from fan favor. The Lightning could have been the winner of their discontent. Instead they capped their own growth.

Everybody loves a winner — even, apparently, of exhibition games. But you can’t win without playing. But you can lose. Big.

Hampton Inn Business By Thanksgiving

Don’t count Teddy Roque among Ybor City’s hand wringers and naysayers. He’s the general manager of the new, $12-million Hampton Inn & Suites at the corner of 13th Street and East 7th Avenue, and he’s thrilled to be opening the red-brick property with 138 rooms (including 50 suites) by Thanksgiving.

“You have to look on the bright side,” says Roque, an engaging, continental sort from Split, Croatia. “I would love to see more investors bringing dollars to Ybor City, but it takes people who can see beyond the present. For example, the developers who are bringing in condos on 5th (Avenue). They obviously have a vision. As do we. We think we’re in the right place at the right time with the right deal. We think this is an ideal site for both the leisure and business market.

“Ybor City has a bright future,” underscores Roque. “Sure, I wish it were happening faster, but the last five years I’ve seen impressive growth. From here to Channelside. And we’re in the middle, with the trolley taking guests back and forth.”

Roque’s first-hand look at the evolving market comes courtesy of his four-plus years as general manager of the highly successful, 95-room Hilton Garden Inn at 17th and 9th Avenue. Hampton is part of the Hilton chain.

Tracking Nostalgia And Ridership

Tampa has those eight, yellow, barely broken in retro streetcars. They are reminiscent of a bygone, pre-bus era, one that ended in 1946. By January there should be a ninth ready for delivery.

But as of last week there was another — especially notable — addition to the mini fleet. It is a newly restored 1922 Birney streetcar, the sole survivor from Tampa’s original line. In fact, the 28-footer (which will be used exclusively for special occasions) is the only restored operating streetcar in Florida. Its restored state, featuring oak floors and mahogany seats, was more than a decade in the making and the product of some 10,000 volunteer hours. Its cost — approximately $250,000 — was covered from community donations.

At the Birney 163’s recent dedication, no one seemed more nostalgic than 70-year-old Tampa City Council member, Mary Alvarez. In her childhood, she used to ride the streetcar daily from her West Tampa home to MacFarlane Park Elementary School. Her cousin was a conductor who would let her stand at the wheel. She thought it a privilege, she recalled, to help switch the seats and bring down the line.

“We took it for granted,” she sighs. “Who knew we wouldn’t have them much longer? So I think it’s terrific to have an authentic car returned to use. It’s an important symbol. It helps connect people with the roots of Tampa.”

Not that Alvarez is all about nostalgia. She wants to see the streetcar system carrying more than the 1,200 daily passengers (mostly visitors and tourists) it averaged in its most recent fiscal year. She agrees with tentative plans to expand the line from the Southern Transportation Plaza across from the convention center to the Fort Brooke parking garage via Franklin Street. She’s also pushing for expansion in Ybor, specifically from 20th to 26th street.

“I’d like to see an actual residential component brought in,” stresses Alvarez. “That’s my vision. And wouldn’t that be a beautiful thing?”

Kerry Quote Source

Part of John Kerry’s campaign mantra has been the characterizing of America’s Iraqi policy as “the wrong war, at the wrong time, in the wrong place.” It’s a hot-button line that actually harkens back to another war, the Korean, and another adversary, China.

The source can be found in Niall Ferguson’s “Colossus: The Price of America’s Empire.” The quote comes from Gen. Omar Bradley, chairman of the Joint Chiefs of Staff, in the aftermath of the sacking of Gen. Douglas MacArthur. In 1951 Bradley testified at a hearing held jointly by the Senate’s Foreign Relations and Armed Services committees.

“Bradley argued that an all-out war against China would have left Western Europe at the mercy of the Soviets,” writes Ferguson. “It would have been ‘the wrong war at the wrong place at the wrong time and with the wrong enemy.'”

No Bush Trifecta

The deeper Gov. Bush gets into his lame duck years, and the closer it gets to his brother’s presidential show-down, the more speculation picks up about Jeb’s future plans. A persistent query concerns a presumed run for the presidency. Most recently the governor had to deny such interest on ABC’s “This Week.”

“I’m not going to run for president in 2008,” he told George Stephanopolous. “That’s not my interest. I’m going to finish my term.”

You don’t have to be a Philadelphia lawyer to see the linguistic parsing in that reply. But you also don’t have to be a presidential scholar to sense that Americans might look askance at a Bush trifecta. As in at least one too many.

Granted, the wonkish, well-spoken Jeb had been groomed for a presidential run before being leapfrogged by his older brother. And it’s true that Americans can be enamored of political legacies — from Adams and Harrison to Taft, Kennedy and Bush. But while John and Quincy Adams are father-and-son precedents, going to the family well a third time, one suspects, would smack less of legacy than entitlement.

Americans may love famous families and faux Camelots, but not intimations of monarchy. It adds up to a governor on the presidential ambitions of Jeb Bush.

Never Mind

That controversial case of Andrea Armstrong, the female basketball player who preferred the uniform of Islam to the one provided by USF, has ended on an appropriate, however circuitous, note. The Oregon native not only left the team and the university, she also left Islam. She went back to her home state and returned to Christianity.

Apparently she had been driven to convert in the first place — out of homesickeness.

So much controversy, so much anxiety, so much geo-political backlash, who was to know? It was just a phase.

Or in the words of Emily Littel: “Never Mind.”

National Notoriety For Trib

Not that the Tampa Tribune is courting national notoriety; it just looks that way of late.

Editorially, the Trib has been rock solid Republican for more than a generation — endorsing every Republican candidate for president since 1968. This year, however, the Trib did not endorse the Republican incumbent, President George W. Bush. In fact, it endorsed nobody.

It’s obviously a function of an editorial transfusion — new blood in at publisher, editor and editorial page editor. It’s also a function of an editorial board apparently as polarized as the electorate at large. Moreover, the president hardly helped himself with those who look at fiscal policy and the size of government as conservative litmus tests. And the mess that is Iraq easily transcends any traditional ideology.

As for the widespread publicity per se, it’s the most national notice for the Trib since, well, a certain editorial was written and sent to press before the outcome of a certain hockey game barely four months ago.

At the very least, the Trib has been on the wrong side of a basic newspaper tenet. Report –and analyze — the news — don’t make it. Only tribulation can result.

Cuban Summit Summary

Tampa’s recently concluded Cuba Summit was a graphic reminder that there are good, principled people on both sides of the emotion-drenched issue of America’s relationship with the government of Fidel Castro. It’s appropriate to remember that until you’ve actually walked in the shoes of those who have directly suffered at the hands of the Castro regime — from expropriations to executions — you might want to err on the side of empathy.

Having said that, there is also the hypocritical, politically self-aggrandizing, disproportionately powerful, South Florida-based Cuban-American lobby. In complicity with every administration since John Kennedy’s, this veto-wielding element shares blame for the continuance of this country’s failed, counterproductive Cuban policy that negatively impacts Cuban citizens, U.S business interests and America’s global image. That much hasn’t changed.