Friday July 9, 2021
Tampa Bay is a hot market - and not just because of the warm Florida summers. Over the last few years, “The Big Guava” - as Tampa is affectionately nicknamed - has seen a surge in interest from real estate developers, sports enthusiasts, and home buyers alike. In 2020, Tampa ranked #4 in the U.S. for new residents moving from other cities. Let’s take a look at why this metropolis on the bay is getting so much attention, and how you can live close to the action.
Explosive Urban Development
At the forefront of the development scene in Tampa Bay is the $3.8 billion, 56-acre, 9-million-square-foot, mixed-use mega complex called Water Street Tampa. This project, funded in part by Bill Gates - will transform the downtown waterfront with the construction of apartment complexes, luxury condominiums, restaurants, retail, office space, and three new hotels. The development will focus on sustainability, walkability, and creating an all-new, vibrant cityscape in the heart of Tampa. It’s an exciting time to be a Tampanian!
While Tampa Bay boasts teams from all the major professional sports, one stands out. That, of course, is NFL football with Tom Brady leading the Tampa Bay Buccaneers! Brady led the football team straight to victory in Super Bowl LV, less than a year after signing as a free agent. With talent like that, Tampa Bay is commanding the attention of every sports enthusiast in the nation. Sports history was made, and people want more!
To continue on with the championship winning teams, the Tampa Bay Lightning Bolts of the National Hockey League won the 2021 Stanley Cup! They also won the Stanley Cup in 2020, a victory in a season upended by the pandemic and played in a bubble in Edmonton, Canada. Though Floridians skating on ice may seem contradictory, we’re pretty great at it, and the past two championships in a row definitely goes to show!
Another exciting local team to watch is the Tampa Bay Rays, who in 2020 made it to the World Series playoffs. And with the fantastic past year for Tampa Bay sports who wouldn’t want to be a part of the excitement?
Robust Real Estate Market
Home buyers are starting to look just outside of the Tampa Bay metro, and are discovering communities that are just as attractive and welcoming. Sarasota County, about an hour’s drive south on the Gulf of Mexico, is one such area, and homes are in demand.
Aqua, for example, is a brand new community of luxury, single-family homes by Medallion Home in Bradenton near I-75. Residents have fast and direct access to all the excitement in Tampa Bay, and can return home to a peaceful, waterfront retreat at the end of the day. And with close proximity to the IMG Academy known for its sports programs, you’re close to everything you need and more. It’s the best of both worlds.
There’s no denying that Tampa Bay is on an upswing, and with the innovative re-imagining of life on the coast, it will continue to grow as a world-class sports, entertainment, and real estate hub. Come be a part of it, even if that means living just outside of it. To discover more new homes in Sarasota, contact a Medallion Home team member at 914-214-9857.