TAMPA — After nine years without any movement, the idea of a residential tower on downtown’s N Franklin Street is getting new life.
Carter & Associates, an Atlanta-based national real estate developer, is considering building a 23-story tower with 375 apartments or condominiums. The tower would go up on the 1-acre block bordered by N Franklin Street, E Tyler Street, N Florida Avenue and E Cass Street — what’s known as the “Grant block.”
On Wednesday, property owner Jeannette Jason said she has an agreement to sell the block to Carter, which is doing its due diligence on the property. She said she could not discuss the price or timetable to close on the deal.
“I’m keeping my fingers crossed that they get beyond the due diligence,” said Jason, who also owns the nearby Kress building, a former department store that’s on the National Register of Historic Places.