The Macy’s Inc. department store at WestShore Plaza in Tampa is closing. The department store said Thursday that it will close 66 stores across the U.S. Seven of those stores, including WestShore Plaza, are in Florida. A time frame for the store closures was not disclosed.

The Tampa Business Journal reports WPG, the mall owner, has been planning for the moment for a few years now and has been exploring redevelopment options. In late 2024, WPG paid $10 million for Macy’s real estate — the last remaining piece of WestShore Plaza that it did not own.

Macy’s (NYSE: M) is the second major retailer to close at WestShore Plaza in less than four months. Dick’s Sporting Goods left the mall to move down the road to International Plaza, where it opened its new concept Dick’s House of Sport in October.

WPG’s redevelopment plans include up to 3.5 million square feet of mixed-use development including entertainment, retail, dining, office, wellness, medical, hotel and residential components.

Strategic Facility Partners has acquired The Henry, a 23-story student housing apartment building at 100 E. Tyler Street in downtown Tampa, for $128.1 million. The seller was Development Ventures Group.

Completed in 2021, The Henry offers 181 residences (537 beds) within walking of the University of Tampa.  The fully furnished one-, two- and four-bedroom apartments range in size from 499 to 1,350 square feet. Community amenities include a rooftop pool with TVs, a rooftop deck with grills and an outdoor game area, a fitness center, a 24/7 grab-and-go market, a clubroom with gaming stations and billiards, private and group study rooms on each floor, garage parking and bicycle storage, free shuttle to and from campus.

Strategic Facility Partners (“SFP”) is a 501(c)(3) organization. Projects are typically funded through tax-exempt bonds, and all excess cash flow is returned to the institutions on an annual basis through scholarships, contributions to the general fund, or investments in residential facilities. 

Unisen Senior Living is having trouble finding tenants. Its 491-unit senior living facility has only a 21% occupancy rate. Operated by nonprofit Tampa Life Plan Village, the company owes $43 million to unsecured creditors and nearly $87 million to secured creditors. The amount includes $79 million in unpaid principal on secured bonds. The Tampa Business Journal reports after failed attempts to revitalize the business, the company now plan to wind down operations and try to sell the facility at auction in June.

A bankruptcy judge approved the asset sale and the relocation of the facility’s current residents. UMB Bank, Unisen’s secured lender, agreed to fund the relocation of Unisen’s 106 residents. Unisen is currently coordinating with nearby senior living communities to formulate and assist in the relocation plans.

Tampa Life Plan Village purchased the property, previously known as University Village, out of bankruptcy in 2020 from Westport Holdings Tampa. The nonprofit paid $16 million for the property and later received an additional $70 million in bond financing.

Berkadia secured financing for Axonic Properties’ acquisition of 246 out of 361 condo units at Palmera Pointe Apartments, located in the Town ‘n’ Country submarket of Tampa, Florida. Berkadia’s Mitch Sinberg led a team that secured a $32.23 million loan on behalf of Axonic Properties. Berkadia secured a non-recourse loan with a five-year term and a flexible structure to align with the sponsor’s business plan. It includes $25 million of initial funding and $7.232 million of additional funding to execute their business plan. 

Axonic Properties began acquiring units at Palmera Pointe, a rental condominium community, in December 2021 and amassed 36 units prior to closing on the bulk acquisition of an additional 246 units last month. This gives Axonic owners 282 out of the 361 condo units or 78 percent ownership.

The location allows residents access to Tampa’s premier shopping malls, restaurants, museums, sports stadiums, business districts, and beaches. 

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