(Carl Cronan is editor of RealEstateFlorida.)

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TAMPA, FL-A 150-room Holiday Inn Hotel & Suites is puttingcommercial development plans into motion at Alafia Crossing, a$98-million mixed-use project on the city's east side. Three of thedevelopment's five planned restaurants have been secured, adding tothe hotel's own food and beverage offerings.

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Sarasota-based American Hotel Development Partners is developingthe six-story Holiday Inn prototype at an estimated cost of $14million. Clyde Harris, ADHP president, tells GlobeSt.com that heexpects Alafia Crossing to attract an affluent clientele from morethan 100,000 residents counted within a five-mile radius.

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"On-site business include a prominent real estate company, anational management company, and attorneys, designers andhealthcare professionals," Harris says. "These, combined with thestrong surrounding business community and leisure seekers, will alldrive occupancy at the hotel and fill the restaurants."

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Alafia Crossing will draw directly from residents of a 351-unitupscale apartment complex called the Preserve at Alafia, accordingto Lawrence Bauman, the project's general partner and COO. Newrestaurant offerings will include Jasmine Thai, Mama's Pasta Bowland Cuppy's Coffee.

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"We envision excellent synergy between the hotel, therestaurants, the on-site population and the greater Tampa area,"Bauman stated in a release. "The Alafia location is ideal for SouthShore residents looking for a truly full-service neighborhood basewhere they live."

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Alafia Crossing is being developed in the northeast quadrant ofInterstate 75 and Gibsonton Drive, adjacent to the 80-acre AlafiaPreserve. Jeff Justice of Garrison Developer Group of Florida ishandling commercial leasing for the project.

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