Channelside Bay Plaza
As Channelside Bay Plaza struggles, revitalization may be coming and it may be coming soon! On Wednesday, May 8, 2013 at 5:30 p.m. at the Florida Aquarium, there will be a public forum on the future plans of Channelside. Liberty Channelside LLC is holding this public forum on its plans for Channelside.
Liberty Channelside LLC has signed an agreement to purchase the lease for Channelside Bay Plaza. In 2010, Irish Bank Resolution Corp. foreclosed on the property when the previous owner defaulted on the loan.
New Life for Channelside?
Since Tampa Port Authority owns the land under Channelside, the governing board of the Tampa Port Authority must approve the deal. This approval could be made as early as the May 21st meeting. With approval from the Tampa Port Authority, the deal could close in June.
Liberty Channelside is a joint venture between Tampa developers Punit Shah of the Liberty Group and Santosh Govindaraju of Convergent Capital Partners of Tampa. With approval from political leaders and financial institutions, construction to bring Channelside back to life could begin as early as fall. It's an exciting time to keep your eye on Channelside!