Towers of Channelside Article in Tampa Bay Business Journal

Living in Tampa’s Channel District just got a little cheaper

Tampa Bay Business Journal

The Towers of Channelside is becoming more affordable, bad news for sellers.

Towers of Channelside, downtown’s most visible representation of a housing market that was, is now offering units at just 58 cents on the dollar, including what could be the first units to sell for less than $200,000 for one- and two-bedrooms, according to Realtor, Rae Catanese of Prudential Tropical Realty, who writes the Tampa Bay Real Estate Insider blog. That’s representing $141 a square foot compared with the original $242 a square foot listing price.

When Towers was announced in 2004, the cheapest units were $275,000 with penthouses listed for $1.5 million. Now a penthouse runs $770,000, a 49 percent drop.

Resales, however, have been an issue at Towers, Catanese said. These new prices could make a dent in resales, which are range between $136 and $385 per square foot. A short sale is listed at Towers at $194 a square foot.

Nearly half the 260 units have sold since the towers opened in 2007, and none for less than $219,000. There have been five sales since last summer, the most expensive closing Nov. 2 for $490,000 and the cheapest a week later at $251,000.

To schedule a tour of condos for sale, pricing and financing options please contact Rae Catanese 813 784 7744 or Email