Mixed-Use Development Takes Site of Proposed Major League Stadium

For a time Darryl LeClair, the president and chairman of Echelon LLC, was working alongside the Tampa Bay Rays Major League Baseball franchise in order to build a new stadium for the team. As of late, LeClair has switched gears to focus on the proposed site at the intersection of Fountain and Carillon parkways; he now plans to create a mixed-use development called Echelon City Center. The Tampa Bay Rays are still in the process of finding a new location in either Hillsborough or Pinellas counties with the aid of St. Petersburg Mayor Rick Kriseman.

Echelon City Center plans to contain multi-family housing (likely the first portion of the development to break ground), retail space, two office towers, and a limited-service hotel. The development is considered too risky by many investors despite especially high demand in the Tampa/St. Pete area for modern office space because of the speculative nature of the project. In order to combat this Echelon is working tirelessly to acquire an agreement from a company willing to lease at least 125,000 to 150,000 square feet of the proposed 500,000 square feet of office space before breaking ground. Echelon has a great opportunity to break through in the local office market due to the length of time LeClair and Echelon have held on to the property. The lower cost basis as a result of holding on to the property for so long allows Echelon to offer $29.50 per square foot for the office space (typical rents in the Tampa/St. Pete marketplace are in the low-to-mid $30 range).

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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