the residences of franklin street
this is the first in a series
When I was in architecture school (at beautiful Clemson University), I learned the Rule of Thirds for estimating how long a project will take.
Consider all the factors that could impact construction time, from permitting to material delivery to labor, and come up with a good estimate of how long construction will take. Once you have that date, construction will take about a third longer than that.
However, if you are clever and try to include that third longer, the Rule of Thirds says that construction will now take a third longer than your new estimate—meaning if you try to get ahead on guessing when a project will be finished, you will in fact never finish it. This is why nothing is ever done when the developers say it will be.
A case in point is The Residences of Franklin Street.
This eight-story condominium project has 40 units (34 of them sold) and sits on the 1100 block between N Franklin and N Tampa streets south of Royal (blue marker #1).
The developers expected construction to take a year, finishing up in the first quarter of 2006. They missed—and by about a third. They should actually finish up in June or July—still plenty of time to get a jump on the rest of new condo construction.
That nice sweeping roofline contains a much nicer common room than… my place.
Tags: development, tampa







April 9th, 2006 at 8:50 am
beautiful space, isn’t that right next to methodist place? Have you heard anything on pricing?
April 10th, 2006 at 5:00 pm
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April 10th, 2006 at 5:54 pm
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April 10th, 2006 at 8:01 pm
It’s a block over from Methodist Place, and it is a nice space but for the large concentration of homeless in the area. There are still, I think, six units left (three of them on the top floor). I believe prices start at $400k.