Strategic Property Partners Hires James Nozar as Chief Executive Officer
Nozar has significant urban, multi-use development experience; brings a focus on place-making
Tampa, Fl. (February 4, 2016) – James Nozar has been hired by Strategic Property Partners, LLC (SPP) to become its Chief Executive Officer, SPP announced today. Mr. Nozar, currently a Senior Vice President at The JBG Companies in Washington, D.C., will begin at SPP on March 1, 2016. SPP is a joint venture between Cascade Investment, LLC and Jeff Vinik.
In his new role with SPP, Mr. Nozar will oversee all aspects of the business of SPP, including the design, entitlement, programming, construction and delivery of SPP’s planned 6 million square-foot mixed-use development along Tampa’s downtown waterfront.
“We are very pleased to welcome James to SPP and Tampa Bay,” said Jeff Vinik. “James brings tremendous experience leading and managing large scale urban development projects. We are particularly excited about James’ proven ability to use place-making to create a sense of community in his projects. His expertise and strategic focus will help us to create diverse and unique urban experiences for all of our stakeholders; that is what will distinguish our project as we aim to create a special, 24-7 live- work- play environment.”
Over the past 10 years at The JBG Companies, Mr. Nozar has managed the development of 25 completed and active multi-use real estate projects, and the entitlement of over 10 million square feet of new multi- use development.
“James has a proven track record of building innovative retail environments and well-designed places to live and work,” said Michael Larson, Chief Investment Officer of BMGI, the investment office that directs the activities of Cascade Investment, LLC. “We are excited to have him join the SPP team.”
James has overseen the programming, entitlements, design, construction, marketing and sales of successful multi-use development projects in the Washington D.C. area, many of which have received various industry awards. He has extensive experience working on multi–use projects involving residential, office, retail, hotel uses, and in large-scale master land planning while leading JBG’s development of various anchor projects in emerging neighborhoods.
“It is an honor to join the SPP team,” said Mr. Nozar. “They have created an inspiring and definitive vision for what this project will become. I look forward to working with the team and the community to build a unique and vibrant neighborhood that further showcases Tampa’s urban waterfront and brings people together,” said Mr. Nozar.
Prior to working for The JBG Companies, Mr. Nozar worked as a real estate consultant for Ernst & Young and RCLCo after receiving a B.S. in Building Construction and Certificate in City Planning from the Georgia Institute of Technology. In total, he’s spent over 15 years in real estate consulting and development before joining SPP.
About Strategic Property Partners, LLC:
Strategic Property Partners is a real estate development joint venture between Cascade Investment, LLC, and Jeff Vinik. SPP is developing 40 acres in Tampa’s downtown as an urban multi-use waterfront project which will promote a walkable, sustainable, wifi-connected, and healthy environment for tenants, residents, students, and guests.
In addition to improvements on both the Marriott Waterside Hotel and Marina as well as Channelside Bay Plaza, a number of projects are planned to start construction: a new 400-500 room luxury hotel, new streets, a signature office tower, the University Of South Florida Morsani College Of Medicine and Heart Institute, as well as an adjoining office building to house health industry-related businesses.
When all phases of the project are completed, current plans for the development call for approximately 6,000,000 square feet of commercial, residential, retail, hotel, and educational space with a total investment exceeding $2 billion.