TAMPA - In this week's Tampa Bay Business Journal segment, editor Alexis Muellner discusses how the remaining Channelside Bay retailers have been able to survive, the new focus for Bank of America, and the forthcoming Citrus Park Crossing.
This week the Tampa Bay Business Journal reported Liberty Channelside LLC inked a deal with Irish bank owners to become the new owner for Channelside Bay Plaza, pending approval by the Tampa Port Authority.
Retailers at the downtown Tampa complex who have survived Channelside's slow decline are ready for good news.
"We tried to hunker down and create sales where we could knowing that the project was going to be in flux for a while," said Guy Revelle, owner of Splitsville, Tinatapa's and the Boathouse.
Revelle has laid off more than 120 employees in the past three years. He hopes new ownership can revitalize the complex.
Bank of America is increasing its Practice Solutions division in the Tampa Bay area. The group provides financing for dentists, veterinarians and medical professionals. The reason? Growth in the health care industry.
"Many of our clients are adding employees, and adding additional locations," said Jennifer Mulligan, Bank of America's small business banking manager for Greater Tampa Bay.
Citrus Park Crossing is finally becoming a reality. Construction is set to begin soon on the 75,000-square-foot office building being built near Gunn Highway and the Veterans Expressway.
The location was chosen to give companies an office location for employees who do not want to drive to downtown Tampa. Approximately 80,000 people live within a three-mile radius of the site.
For more information on these stories, click on the video player on the left, go to youtu.be/nM4LIL5zmKQ or pick up this week's Tampa Bay Business Journal available on newsstands.