Fowler Innovations is a Tampa mixed use project created to redevelop one of the few commercial parcels of its type remaining in Hillsborough County. It consists of a 25 acre parcel located in north Tampa at the southeast corner of Fowler and Nebraska Avenues just east of I-275. Its proximity to well established residential communities, Tampa's downtown core, and and the economic drivers; USF, Busch Gardens and Haley VA, Moffit Cancer Center and AdventHealth makes Fowler Innovations a perfect fit for hotel/hospitality, retail, and multi-family. Having excellent access to major transportation arteries, including rail, makes this property ideal for a mass transit intermodal facility.
A recent market study performed by Kimley-Horn identified an immediate demand for market based apartments and a high quality hotel to meet the demand from the above mentioned economic drivers. This website contains highlights of the study and a site plan. Further information and alternate site views are located on our Facebook page. Also on Facebook you can find news and announcements.
FI is working closely with Tampa Ip, FDOT, Hillsborough County, the City of Tampa and other stake holders to make this a transformational project and a benefit the surrounding community.
250 Market Rate Apartments
To Include a 100 Room Upper Midscale Hotel
Plans Include A Multi-Modal Transit Hub Connecting Uptown Tampa with Tampa, Pinellas, and Pasco counties
Fowler Innovations is adjacent to major transportation arteries including the CSX rail line, I-275, Fowler Avenue (SR582) and Nebraska Ave. (U.S. 41) which link this property to downtown Tampa, Tampa International Airport, Pinellas and Pasco counties.
FI is within close proximity to more than 50 national credit tenants including CVS, Bank of America, McDonalds, Taco Bell, Sears, AT&T and O'Reilly Auto Parts. The property is also within minutes of the Museum of Science and Industry, Yuengling Brewery and Busch Gardens. Consistentlty high traffic counts of 54,000 AADT on Fowler and 26,000 AADT on Nebraska support future development on this site.
Distance Travel Time
Amalie Arena, Down Town 8mi. 15min.
Tampa International Airport 14mi. 20min.
USF Sun Dome 3mi. 8min.
Tropicana Field 35mi. 30min.
Clearwater Beach 32mi. 45min.
Hyde Park Village 10mi. 20min.
Wesley Chapel 14mi. 17min.
International Mall 12mi. 34min.
Additional site configurations and views at resources page
Integrated transportation options
Up to 10,00 sf of retail
An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service.
Opportunity Zones are an economic development tool—that is, they are designed to spur economic development and job creation in distressed communities.
Opportunity Zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged.
Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017.
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