The outlook for the Tampa Bay area’s housing industry continues to be tough, but there are a few bright spots for the developers and builders who still have cash and are smart enough to find opportunities.
That was the message at last week’s Urban Land Institute housing forum at the Crowne Plaza hotel in Tampa. Among the panel members: Andrew Wright, managing partner of Bayview client Franklin Street Financial Partners, a fast-growing Tampa-based commercial real estate company.
Andrew used a Warren Buffett line to describe how tough times can show who’s smart and who isn’t. “When the tide goes out, you see who’s been swimming naked,” he said.
The event was covered by both the Tampa Tribune and St. Petersburg Times, each included other thoughts by Andrew on the state of the market in their coverage.