An underutilized portion of North Downtown Tampa is one step closer to undergoing a transformation that includes affordable housing, commercial space, and drastically improved connectivity.
The Request for Proposal review period to redevelop four properties between N Tampa Street and E Ashley Drive, in the northern area of Tampa’s Central Business District, has closed and a proposal submitted by PMG Affordable has been selected. The development team also includes the Tampa Housing Authority, Bank of America Community Development Company, LLC, and DuCon, LLC.
The properties in the RFP, owned by the City of Tampa and the Community Redevelopment Agency, include the old Army Navy Surplus Market store and Royal lot.
"We are still early in the development process, but it is incredibly exciting to move this vision for North Downtown Tampa forward," said Mayor Jane Castor. "We can’t overstate the importance of workforce housing in our community. Not only will existing neighborhoods benefit from the improved connectivity, but this project will create hundreds of affordable, downtown homes for teachers, first responders, technicians, service employees and others who make our city great."
"This is a milestone for Downtown Tampa and our affordable housing goals," said CRA Chairman Luis Viera. "As the first affordable housing development in Tampa's Central Business District, we are opening countless opportunities for the individuals and families that need it most. We want to ensure everyone has a chance to live in our flourishing downtown and enjoy a lifestyle that keeps them close to jobs and the places they enjoy most."
Both the City and the CRA's goals are to use this land for mixed-use development, including affordable housing. While the RFP required a minimum of 800 dwelling units, PMG proposed 30% more, with a total of 1,150 residential units — 70% committed to affordable and workforce housing.
"PMG Affordable is honored to have been selected alongside our partners by the City of Tampa to revitalize the historic Army/Navy site," said Dan Coakley, Principal of PMG Affordable. "Our goal is to deliver a transformative mixed-income, mixed-use community that enhances quality of life through affordable and attainably priced housing, activated retail, and public open spaces. As planning progresses, we are committed to collaborating closely with residents and local stakeholders to ensure the project reflects the needs and priorities of North Downtown."
Directly beside these properties is the Ashley Drive on-ramp to I-275, which, if approved, would be redesigned to drastically improve connectivity and pedestrian safety between the new development and surrounding neighborhoods.
About PMG Affordable
PMG Affordable is a subsidiary company of Property Markets Group (PMG). PMG is a premier national real estate development firm based in Miami, specializing in large and complex residential development projects across New York City, Florida and throughout major markets in the southeast and southwestern regions of the United States. PMG Affordable, led by its principal Dan Coakley, has experienced significant growth since its inception in 2019, and currently has over 4,500 housing units in its development pipeline. https://propertymg.com/
About Tampa Housing Authority
Incorporated in 1937, the Tampa Housing Authority serves over 60,000 families across the state of Florida and in the U. S. Virgin Islands. The agency collaborates with federal and local governments as well as private partners to expand accessible housing options in the Tampa area. Its innovative and sustainable urban development communities combine mixed-income residences with commercial offerings and are strengthened by community service programs that improve quality of life for all Tampanians. Learn more at www.tampaha.org. Connect on social media @tampahaorg.
About DuCon, LLC.
Founded in 2007, DuCon is a Florida-based, minority-owned development and construction management firm serving the Tampa Bay region. With over 18 years of experience, DuCon specializes in affordable housing, mixed-income communities, and urban redevelopment. The firm is known for delivering high-quality, community-focused projects through strong stakeholder partnerships, technical expertise, and a commitment to sustainable neighborhood revitalization.
Media Contact:
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