THEA to Procure Real Estate Advisors

Tampa, Fla. (April 1, 2022 ) – On Monday, March 28, the Tampa Hillsborough Expressway Authority (THEA) Board of Directors voted to solicit expert real estate advice regarding THEA’s downtown key assets.

THEA controls several acres of land adjacent to Meridian Ave and the original Ardent Mills flour mill. With the exciting redevelopment coming due to the mill relocating, THEA is undertaking a study to determine the best use of its property assets within the downtown core.

THEA is currently working on re-establishing the roadway grid system in downtown Tampa, in partnership with the City of Tampa, as evidenced by its Whiting Street project (www.whitingstreetpde.com).  As a result of a previously held workshop on the matter, the vote of the Board determined that the next important step would be for THEA to issue a Request for Proposals (RFP) for a real estate and/or development advisors to help THEA determine what’s the right fit for the area and the transportation network most beneficial to the community.

THEA hopes to release the RFP by early June.