The Brief
- Third Lake Partners bought Westshore Plaza for $135 million in a massive Ybor-based real estate deal, according to court records.
- Major retail properties like Britton Plaza and Stetson University are clearing out tenants for mixed-use upgrades.
TAMPA, Fla. – Several major Tampa commercial properties are moving closer to dramatic transformations after a flurry of real estate transactions and redevelopment rollouts. Westshore Plaza, Britton Plaza and Stetson University are all undergoing major changes as developers look to replicate modern mixed-use concepts.
Tampa real estate expansion
What we know:
Third Lake Partners in Ybor bought the 57-year-old Westshore Plaza for $135 million after a previous buyer walked away from the deal, according to the Tampa Bay Business Journal.
The deed was filed Thursday, according to court records.
The sale follows a Tampa City Council vote last year that approved mixed-use redevelopment plans for the property under the previous developer. Tampa realtor Vincent Arcuri has an office in the mall, and he said tenants are already leaving the mall as stores close at a ratio of about five to one.…