A Full Service Commercial Real Estate Brokerage Firm https://nyecommercial.com Driving Property Performance & Value Wed, 19 Feb 2020 16:00:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 https://secureservercdn.net/198.71.233.47/cjg.199.myftpupload.com/wp-content/uploads/2020/01/Nye-Commercial-Logo-80x80.png A Full Service Commercial Real Estate Brokerage Firm https://nyecommercial.com 32 32 Planned Wesley Chapel’s Downtown https://nyecommercial.com/planned-wesley-chapels-downtown/ https://nyecommercial.com/planned-wesley-chapels-downtown/#respond Wed, 19 Feb 2020 16:00:32 +0000 https://nyecommercial.com/?p=4734 Wesley Chapel’s planned downtown to come with a $33 million incentive


By C.T. Bowen, Pasco County Reporter

Pasco commissioners authorize a special tax district and loan for the developers of Avalon Park Wesley Chapel. The developers of Avalon Park West in Wesley Chapel are planning a $736 million downtown core to accompany nearly 2,700 residences and 355,000 square feet of commercial and office space in a walkable neighborhood. As part of the deal, Pasco County will consider kicking in a $33 million 30-year incentive, mostly a tax rebate to help with infrastructure costs. [Pasco County]


WESLEY CHAPEL — Developer Beat Kahli says the downtown core of Avalon Park Wesley Chapel represents a $736 million investment in streets, parking decks and space for offices, retailers and urban residences.

To help keep things rolling, Pasco County is committing more than $33 million, mostly in a 30-year property tax rebate, for a portion of the infrastructure costs. Pasco County commissioners approved the economic incentive package Tuesday.

Formerly known as New River, the project carries the current name of Avalon Park West, but will be rebranded as Avalon Park Wesley Chapel, said Kahli.

The downtown, located on the north side of State Road 54, less than a mile west of Eiland Boulevard, is projected to include more than 350,000 square feet of commercial and office space and approximately 2,400 residences on 215 acres. The so-called traditional neighborhood design provides commercial and civic uses in close proximity to residences. The intent is to create a pedestrian-oriented community, in which people can walk, bike or drive a short distance to schools, shops, restaurants, offices and recreational space.

The welcome center at Avalon Park West also is the temporary home of the Pasco Fine Arts Council’s Wesley Chapel Gallery. [Michele Miller]

“It is our vision that Avalon Park Wesley Chapel will be a place where families can build memories and traditions together in a town they can call their own,” said Kahli, CEO of Avalon Park Group/sitEX.

Under the incentive, the county would establish a tax-increment financing district in which a portion of the property tax revenue within the area’s boundaries will be rebated to the developer to pay for public facilities such as the parking garages. The tax district, a strategy used countywide for transportation and in specific areas like four of Pasco’s cities for redevelopment, would be for 30 years and account for a $32 million public subsidy to the downtown. It equates to about 38 percent of the public improvements that are expected to cost $83.2 million.

The rebate totals about 16 percent of the tax payments to the county over the 30-year life of the incentive, allowing the county to retain $166.5 million.

“We’re making money for the county. That’s an important point,” said the developer’s land-use attorney, Clarke Hobby.

Separately, the county will provide a $1.25 million loan, financed by Penny for Pasco, to expedite construction of the first office building of at least 75,000 square feet. The downtown is expected to have a 10-year build-out and will include four free-standing Class-A office buildings when completed.

The entrance to Avalon Park West on the north side of State Road 54, about 2.5 miles east of Curley Road. The 1,800-acre development is being rebranded as Avalon Park Wesley Chapel. [Times Staff]

A Pasco County Office of Economic Growth analysis said the project would create 1,065 full-time jobs and add $39.3 million annually to the local economy.

Kahli commended Pasco County officials, both past and present, for encouraging the new-town neighborhood concept over traditional subdivisions that reinforced the county as a bedroom community to Hillsborough County.

“There was a change of heart in Pasco County,” said Kahli. “There was a realization that only building homes is an economical loser. You need to build towns, not subdivisions.”

Upon completion, the 1,800-acre, 15,000-resident Avalon Park Wesley Chapel is projected to generate close to $198 million in property taxes to the county over a 30-year period, or $112 million more than a conventional suburban development on the same acreage, according to the developer.

Kahli, a native of Switzerland, took control of the land, a former limerock mine then-called New River, in 1998. It has two miles of frontage along SR 54 and has entitlements for 4,800 homes. Already, the property has 1,000 homes built or under construction and the New River Elementary school is on site.


Beat Kahli, CEO of Avalon Park Group/sitEX. The company is developing Avalon Park Wesley Chapel and a new $736 million downtown core.

The downtown welcome center doubles as a home to a Pasco Fine Arts Council gallery and serves as a satellite for the New River branch of the Pasco County library system. The downtown area broke ground in 2018 and the Pinecrest Wesley Chapel Charter School is under construction there and scheduled to open for the coming school year.

“It’s an exciting project,” said Commissioner Mike Moore whose district includes the Wesley Chapel project. “The addition of the Class A office space is vital to job creation and job development in the area.”

Avalon Park Group/sitEX also developed the Avalon Park mixed-use community in the east Orlando area of Orange County. That project, now called Avalon Park Orlando, is nearing completion and includes more than 5,000 homes and 700,000 square feet of commercial space in 29 multi-story buildings that include both businesses and residences. The company also is developing similarly designed projects in Daytona Beach and Tavares under the Avalon Park brand.

Kahli said the downtown core helps develop “a sense of community, a sense of belonging and a sense of safety. That is what we’re trying to do in Wesley Chapel.”

Credits: C.T. BOWEN, Pasco County Reporter

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JUST SOLD – Zephyr Colony RV Park https://nyecommercial.com/just-sold-zephyr-colony-rv-park/ https://nyecommercial.com/just-sold-zephyr-colony-rv-park/#respond Thu, 18 Jul 2019 16:24:31 +0000 https://nyecommercial.com/?p=3244 WESLEY CHAPEL, FL — We are proud to announce our MOST RECENT SALE! Zephyr Colony is a beautiful and picturesque Senior RV Park located in Zephyrhills, Florida. This featured adult park not only boasts quality amenities but should be at the top of your RV destination choice.

This welcoming 7.4 acres park has 65 lots and is surrounded by its own unique touches. The community’s proud tenants enjoy the many amenities offered, which include a community pool, delightful clubhouse & recreational hall, rustic wooden fence, shuffleboard courts, horseshoe pits, restrooms with showers, laundry area, social activities and much more.

Nye Commercial Advisors Manufacturing Home Group (NYE – MHG) provides the expertise and winning strategies to effectively market your business to qualified buyers.

Selling your Manufactured Home and RV Park or Resort is a unique business which requires knowhow and we are confident we can help. Do you need assistance? Call Tom Parks (813) 833-8418 and Daniel Eisner (813) 309-0708 today.

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Wiregrass Ranch Sports Complex is Under Construction https://nyecommercial.com/wiregrass-ranch-sports-complex-is-under-construction/ https://nyecommercial.com/wiregrass-ranch-sports-complex-is-under-construction/#respond Thu, 11 Jul 2019 21:07:06 +0000 https://nyecommercial.com/?p=3212 PASCO COUNTY, FL – Wesley Chapel residents are excited to see the new sports facility project coming to life in their backyard. Construction has already started and the Pasco County’s 98,000 + Sq. Ft. sports complex will encourage the growth of local, regional and national sports competitions. The new facility is located off Wiregrass Boulevard near the highly demanded Estancia at Wiregrass residential community.

For the local and out-of-state investor, the addition will also attract business opportunities to capitalize on the growing sports tourism currently taking place in Pasco County. What better place to be than this booming and premier destination for new businesses development?  

Wesley Chapel, FL is waiting for you! Reach out to one of our advisors at Nye Commercial Advisors today. We will help bring your business to the spot where all things exciting are motivating sports enthusiasts.

CALL 813.973.0214 for more information!

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July 11, 2019 – New Sports Facility, Wesley Chapel FL.
©2019 nyecommercial.com | Photos by Brent Nye

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Patrick Kidder brokered 54 U Store Self Storage Sale https://nyecommercial.com/patrick-kidder-brokered-54-u-store-self-storage-sale/ https://nyecommercial.com/patrick-kidder-brokered-54-u-store-self-storage-sale/#respond Fri, 28 Jun 2019 13:48:35 +0000 https://nyecommercial.com/?p=3201 NYE COMMERCIAL ADVISORS — TAMPA, FL

Patrick Kidder, Vice President, Investment Sales of Wesley Chapel, FL Based Nye Commercial Advisors brokered the sale of 54 U-Store, located at 23830 State Road 54 in Lutz, FL for an undisclosed price. The facility consists of approximately 99,334 NRSF among 934 units, including 133 RV parking spaces, and is situated on 19 acres of land. The facility will be rebranded Midgard Self Storage.

“This storage facility is located in a huge growth area along a very well-traveled highway just north of Tampa,” said John Cordova, Director of Acquisitions. “The property was sold by the original owner and developer who was meticulous in the design and maintenance of the facility. We are very pleased to take over this flagship property, continuing to serve the local community, and add it to our growing portfolio.  Patrick was great to work with and made the transaction run very smoothly. “

For more information, please contact Patrick Kidder at 813-973-0214.

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#ThankYou https://nyecommercial.com/thankyou/ Fri, 17 May 2019 13:49:15 +0000 https://nyecommercial.com/?p=3126 ]]> Nye Commercial Manufactured Housing Group was at the Annual MHI2019 Congress and Expo https://nyecommercial.com/nye-commercial-manufactured-housing-group-is-at-the-annual-mhi2019-congress-and-expo/ Mon, 06 May 2019 14:30:08 +0000 https://nyecommercial.com/?p=3086 “Manufactured housing is a vital part of HUD’s prescription to make safe, quality, desirable, affordable homes available to millions of hard-working Americans. The foundations of a better tomorrow are built with the new techniques and new technologies of today, and for manufactured housing, that time is now.” – Secretary Ben Carson.

At this year’s 2019 MHI Convention in New Orleans, we had the pleasure of seeing Ben Carson (secretary of HUD) for the second year in a row.  There has been a negative stigma about our industry, sourced from news outlets and comedians such as John Oliver. Those who are spreading toxic facts, about one of the most logical affordable housing solutions, really need to take a seat and look at the facts. Secretary Carson addressed the demand for affordable housing, the statistics comparing stick built homes to manufactured homes, and emphasized the fact to crush the stigma about “trailer trash”. He addressed how beautiful these communities are becoming, and the amazing weather resilience of Post- Hurricane Andrew manufactured homes.

Secretary Ben Carson

Secretary Carson added that there will be a show held at the national mall in Washington DC by “HUDgov” June 1-5. The intent will be to educate citizens on the beauty, cost efficiency, and durability of these manufactured homes. Those same homes on display, will be sent to communities for people to live in after the show. Hopefully together, we can give the people of this nation’s nest for their family, and turn the “American Dream” into an “American Reality”.

#NyeManufacturedHousingGroup #manufacturedhousingindustry #MHI2019
Learn more >>
http://www.congressandexpo.com

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Nye Commercial Manufactured Housing Group is pleased to announce our most recent sale https://nyecommercial.com/nye-commercial-manufactured-housing-group-is-pleased-to-announce-our-most-recent-sale/ Wed, 19 Dec 2018 21:05:01 +0000 https://nyecommercial.com/?p=1829 JUST SOLD – The Manufactured Housing Group of Nye Commercial Advisors just finished the year with a $70M transaction. Palm Lake Mobile Home Park is a 5 star park that has a total of 921 lots. It is located in Palm Beach County and it has close proximity to I-95. #NyeCommercial #NyeManufacturedHousingGroup #TomParks #DanielEisner

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Nye Commercial Manufactured Housing Group is pleased to announce our most recent sale. https://nyecommercial.com/nye-commercial-manufactured-housing-group-is-pleased-to-announce-our-most-recent-sale-2/ Wed, 19 Dec 2018 20:54:02 +0000 https://nyecommercial.com/?p=1426 [fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text]

RECENTLY SOLD – Pine Ridge Mobile Home Park, Sarasota, FL. 126 sites, recreational facilities and great downtown location – $9M.[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_3″ spacing=”” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” layout=”1_3″ element_content=”” last=”no”][/fusion_builder_column][fusion_builder_column type=”2_3″ spacing=”” center_content=”no” hover_type=”none” link=”” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” layout=”2_3″ element_content=”” last=”no”][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text]Congrats#TomParks and #DanielEisner #NyeCommercialAdvisors

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Food Drive Generates Donations for Local Students https://nyecommercial.com/food-drive-generates-donations-for-local-students/ Mon, 29 Oct 2018 09:00:03 +0000 https://nyecommercial.com/?p=1757 WESLEY CHAPEL, FL — Nye Commercial Advisors was one of the supporters for “A Stock-the-Pantry” food drive initiative during the full month of July, 2018. Amber Chancey with Full Circle Food Outreach, Inc. stated that the initiative helped to “gather food item and financial donations used to fill weekly food bags provided to local elementary school who are dependent on free or reduced school meals”. Mrs. Chancey also noted how “Businesses and citizens in Wesley Chapel, Florida came together to donate over $2,000 worth of food to support local elementary students in need during the 2018-2019 school year. ”

Nye Commercial Team  — from left to right in the front row: Tara P, Brooklyn N., Andy Nye, Luciana Mendes, Bill Nye. Depicted in the back row: Brent Nye, Erik Thunberg and Cody Brightwell 

Together with Full Circle Food Outreach in Wesley Chapel, Fl., Nye Commercial Advisors not only supported the cause by generous donations, but also provided a drop off location for the food drive.

On Saturday, July 28th, all donations were displayed at a “Stock-the-Pantry party held at the Country Walk Clubhouse in Wesley Chapel. The event was open to the public and attendees enjoyed light snacks, socialized and participated in raffles.

Family activities included a visit from Pasco County Fire and Rescue Station. Nye Commercial Advisors donated Starbucks gift cards as a token of appreciation for the service of firefighters who joined the event.

 

For more information please visit:
https://www.wesleychapelcommunity.com/food-drive-generates-donations-valued-over-2000
www.FullCircleFoodOutreach.org

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Golf Event Sponsorship https://nyecommercial.com/golf-event-sponsorship/ https://nyecommercial.com/golf-event-sponsorship/#respond Fri, 26 Oct 2018 17:26:02 +0000 https://nyecommercial.com/?p=1780 ZEPHYRHILLS, FL — Bill Nye Realty and Thomas Parks recently sponsored a delightful golf tournament together with the Rotary and The Links of Lake Bernadette, a semi-private golf club just north of Tampa. The Annual Rotary Golf Scrabble tournament happened on Friday, October 26. It was a pleasant afternoon of golfing and networking.

Golfers depicted from left to right: Cody Brightwell, Luciana Mendes, and Erik Thunberg.

 

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