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Thursday, Oct 23, 2014
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New owner plans expansion, overhaul at Jackson’s Bistro complex

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Published:   |   Updated: September 4, 2014 at 12:33 PM

The complex that houses Jackson’s Bistro will likely look vastly different in the coming years, as the new owners plan a major overhaul and expansion of the site on Harbour Island.

Tampa-based developers Liberty Group and Convergent Capital bought the property Wednesday for $7.5 million, but plan to invest another $10 million into the property.

The site will likely have one if not two more major restaurants on site, said Santosh Govindaraju, chief executive of Convergent Capital. Jackson’s has a long-term lease on its space, and that restaurant plans to continue operating.

“We want to increase the activity along the waterfront by reactivating the marina at Jackson’s,” Govindaraju said. “When you look at the opening of Ulele and our Aloft hotel, there’s an opportunity to take a boat out, have drinks at one and dinner at another.”

At the same time, the developers plan to add more destination retailers to the complex, known as Knights Point at the northern tip of Harbour Island.

The complex sits at 601 S. Harbour Island Blvd. at the northwest corner of Harbour Island, where a bridge from downtown Tampa meets the island. Wilder Corp. sold the complex through a two-part deal totaling $46.5 million. The first part involved Wilder selling the Westin Harbour Island hotel property to the New York-based private equity giant Blackstone for $39 million. On the same day, Wilder sold the Jackson’s parcel to Liberty/Convergent for $7.5 million.

A few details are yet to be worked out, but Govindaraju said to expect a major redo of the entire center facing South Harbour Island Boulevard, plus renovations of the common areas inside and, perhaps most importantly, the walkways along the waterfront that face downtown. The site, he said, enjoys some of the best views in all of downtown, and remains one of the few walking, waterfront restaurant spaces in a town surrounded by water.

rmullins@tampatrib.com

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