Lutz News-Lutz/Odessa-Dec. 17, 2014

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New outlet mall opens in October By Michael Hinman mhinman@lakerlutznews.com

Construction for the new Tampa Premium Outlets began weeks ago, but Simon Premium Outlets made it official last week with groundbreaking ceremonies at the work site off State Road 56, just off Interstate 75 near Wesley Chapel. After years of planning, Simon says it plans to have the 441,000-square-foot mall ready for a grand opening next October. “We are excited to be breaking ground on this long-awaited project,” said Danielle DeVita, senior vice president of development for Simon, in a release.“We are looking forward to serving the Tampa Bay region, and expect Tampa Premium Outlets to make a significant economic impact with the creation of 300 to 400 construction jobs, and

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See MALL, page 7A

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At the construction entrance to what will be Tampa Premium Outlets on State Road 56, site preparation began with the digging out of old concrete culverts and pipes installed by the previous developer years ago.

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We will never forget Commemorating Pearl Harbor day, skydiver Dave Stroble dropped in with a 1,500-square-foot American flag attached to him, which ended the Dec. 7 event at the Zephyrhills Museum of Military History. See more photos, page 7A. Air Conditioning • Heating • Plumbing A/C LICENSE #CAC1816647

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Massive Quail Hollow land grab raises eyebrows By Michael Hinman mhinman@lakerlutznews.com

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B INSIDE, PAGE 1B

A developer who had originally planned to build a 260-acre corporate park near the Suncoast Parkway before selling the land last year hasn’t quite given up on Pasco County. Charles Bruck, the owner of Tampa’s SoHo Capital, is among the buyers of more than 1,000 acres of land just west of Quail Hollow in Wesley Chapel. Bruck’s SoHo Dayflower LLC company and some other partners completed the purchase just before Thanksgiving for $4.2 million. But what does Bruck have in store for the land? He’s not talking quite yet. However, it’s not necessarily far-fetched to believe he’s planning to turn hundreds of acres of agricultural land into a brand new development. Except that’s not what he’s doing, at least according to one prominent land broker. Bill Eshenbaugh, known in the industry as “The Dirt Dog” and owner of Eshenbaugh Land Co., wasn’t involved in this particular land sale, but has worked in the past for Bruck, as well as his partners in this particular pur-

one of the lowest prices I’ve seen.” The purchase was most likely part of what is known in the land industry as a 1031 exchange, Eshenbaugh said. That refers to a portion of the U.S. Internal Revenue Code where a property owner can sell land, and then reinvest those proceeds in a similar property purchase elsewhere to defer the capMICHAEL HINMAN/STAFF PHOTO ital gains taxes he would Armenian Acres, a small rural gated community off Mangrove have to pay otherwise. Drive, could be the most affected by any planned developThe Apriles, for examment of more than 1,000 acres that surround the community ple, recently sold one of on the western side. Hillsborough County’s last dairy farms off Cowley chase — J. Aprile Properties LLC, D. Aprile Road in the Riverview area, Eshenbaugh Properties LLC and R.Aprile Properties LLC. said.The family could reinvest that money in The plan? Leave the land just the way it the Pasco land to avoid paying federal taxes is.At least for now. on the profit. “The Apriles are good dairymen, and they Two foreign companies have owned the can work that land just the way it’s been for land Bruck’s group purchased since the the past few decades,” Eshenbaugh said. See LAND, page 7A “They really have nothing to lose on this. It’s


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