Lots to buy for Tampa parking kings after real estate bust [Central Florida]
In the wake of the real estate collapse, the most marketable use these days for some land in downtown Tampa may be – parking.
Two brothers who became the kings of downtown Tampa parking are becoming downtown land barons as well, snapping up property at a fraction of its peak price.
Hillsborough County land records show that entities controlled by Jason and John Accardi have paid at least $10 million for four pieces of land in the downtown core and the Channel District since fall 2007. And, they don’t appear to be letting up.
A few years ago, developers dreamed of luxury condos or office towers on seemingly every corner in downtown. But these sky-high dreams fell in the real estate bust, the properties were foreclosed upon and now are just distressed bank assets.