Developers of 35-story condo tower in downtown Tampa’s Channel district aim for early 2019 groundbreaking

The developers known for pioneering projects in downtown Tampa’s Channel District are moving forward with the neighborhood’s first new condominiums in more than a decade: 35 stories of luxury units on Channelside Drive.

Mercury Advisors has secured a $45 million development loan for Elevé 61, which will be built at 858 Channelside Drive on a .65-acre parcel that the developer has owned since 2006. The tower, once proposed as Del Villar, includes 61 units and has been designed for “urban professionals and empty nesters,” said Ken Stoltenberg, a partner in Mercury Advisors.

The condos in Elevé 61 have three bedrooms and are 2,200 square feet each, with verandas on the western side of the building for skyline views. The units are priced between the $800,000s and $1.8 million. Read More >