Tampa Tribune sells downtown headquarters to Miami developer

TAMPA, Fla. (AP) - The Tampa Tribune says it has sold its downtown Tampa building to a Miami developer.

In a story posted Friday, the Tribune (https://bit.ly/1JVTRZx) reported that the deal paves the way for development of a 400-unit residential complex on the west bank of the Hillsborough River.

The newspaper’s staff will remain until demolition starts, likely in the spring of 2016. Tribune Publisher Brian Burns says the newspaper is consulting with relocation experts on a future location.

Tampa Media Group, owner of the Tribune, sold the building to Related Group of Miami. Related Group has luxury condominium projects in downtown Miami, Miami Beach, Broward County and Atlanta. The new owner has filed plans for an eight-story, 400-unit residential complex with a 10,000-square-foot restaurant on the downtown site.

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Information from: The Tampa (Fla.) Tribune, https://www.tampatrib.com