Why Tampa Bay Is A Great Place To Invest

The market in which an operator like Dreamstone Investments invests in is very important. We want markets that are growing, and where people want to live, work and play. Tampa is a perfect example and we are actively acquiring properties in this area. Read on to see why.

Top 3 Reasons Why Tampa Bay is A Great Place to Invest.

1. Job offering businesses are expanding

• Advent Health has finished structural completion of a new $256 million surgical and patient tower that is expected to open in 2021 and will bring an estimated 117 new clinical jobs in the first year alone, and 587 new jobs by year five, with job and economic opportunities at all levels of experience and education.
• Moffitt Cancer Center has started on a $400M expansion that will include a new 10-story, 498,000-square-foot inpatient surgical hospital, and a 26,000 square foot central utility plant.
• Veterans hospital is more than halfway through an expansion that will include five floors, and approximately 245,000 square feet with an additional 5,000 square feet to be renovated. It will have 96 medical-surgical single patient rooms and 40 intensive care unit beds, in addition to an expanded cafe and common areas.
• Amazon recently purchased 82 acres in Temple Terrace and plans to build a state of the art distribution center on the land. Tampa Bay Business Journal reports the developer received city approval for a 633,000-square-foot distribution center on the land.
• All of these projects are 5 miles or less from our properties in the area.

2. People are moving to the area.

• Nearly 150 people move to the Tampa area every day, according to a Bloomberg analysis of U.S. Census.
• Hillsborough County came in 10th for the nation among individual counties for population growth in 2018 with almost 27,000 new residents. This continued in 2019, with an additional 22,000. The trend persists into 2020, with an estimated 28,000 new residents projected to arrive this year, according to Hillsborough County’s website.

3. Leaders are embracing growth

• Through city supported developments, such as Midtown Tampa, Water Street Tampa, Uptown District, and infrastructure improvements, such as the $220 million Selmon Extension and the $864 million Howard Frankland Bridge project, city leaders are strongly supporting growth in Tampa Bay.
• For the first time, Tampa Bay has a Regional Transit Development Plan (RTDP). In June 2020, the TBARTA Board voted to approve Envision 2030, an important first step to addressing regional transit problems and competing for millions of dollars in new Federal transit funding to support one of the country’s fastest growing regions. Youtube video of the future of transportation in Tampa Bay.

Dreamstone is actively buying, increasing the value of, and operating properties in Tampa Bay. Also, we are excited to be expanding into Atlanta! To see what our next project involves, please reach out to us via email, website or social media!