New Port Tampa Bay Project Site Being Sold

New Port Tampa Bay was billed as the first of its kind in the Bay area. Touted as the next great gateway to Tampa, the project, a 54-acre site near West Shore and Gandy Boulevards, was to be a mix of high-end condos with restaurants, unlimited waterfront access, parks and a boardwalk. Prices for the exclusive waterfront condos ranged from $400,000 to upwards of $3 million. Last year, Bank of America began foreclosure proceedings on the developer, Tampa-based EcoGroup. In November, EcoGroup returned deposits to buyers who had contracts to purchase condos, telling them the project was on hold until the real estate market improved. So now the property is being sold.

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