Hyde Park Village sees change as area grows with new businesses coming in, others leaving
The Brief
As development booms around Tampa, Hyde Park Village is one of the areas where change is happening.
New business is coming in, while other businesses have moved out over the last several years.
Some people have voiced concerns about the future of Hyde Park Village, as shifts and redevelopment of the area continue.
TAMPA, Fla. - As development booms around Tampa, Hyde Park Village is one of the areas where change is happening. New business is coming in, while other businesses have moved out over the last several years.
Local perspective
The area has taken different shapes as it has grown over years.
Follow FOX 13 on YouTube
"Really, the last 10-plus years, it's been generally on an upswing," Patrick Cimino, the Land Use Chair of the Historic Hyde Park Neighborhood Association, said.
Some people who live in, work in and visit Hyde Park are happy to see the growth of the area, but not at the cost of some longtime staple retail businesses and restaurants.
"I feel like here, it's lot of turnaround," Bianka Escourse, who works at the pop-up Silvia Tcherassi store in Hyde Park Village, said.
READ: Meet the family whipping up French delicacies for nearly a decade
The backstory
Last year, Goody Goody Burgers closed its doors, and this year, Pottery Barn moved out of its space.
"It's gotten a little more exaggerated, I guess, with the high-end stuff," Cimino said.
What they're saying
Some people have voiced concerns about the future of Hyde Park Village, as shifts and redevelopment of the area continue.
"It's been disappointing, because a lot of us patronized the Wine Exchange for decades," Cimino said. "They've now been gone at least several years. Goody Goody was a nice alternative to have something a little more casual for the neighborhood."
MORE: After back-to-back storms, Drift-In AMI prepares to celebrate its 100-year anniversary upon reopening
Escrouse said she worries that the area will no longer be as family-friendly and accessible to everyone.
"They want to put very high-end boutiques, which is fine, but this is a very family-oriented area and if you do that, people are not going to be able to come here with their kids, because if you really think about it, what's going to be left? Escourse said. "And I feel a lot of small businesses will be pushed out."
The other side
On Thursday, FOX 13 reached out to Jeff Gigante, the founder of Next Level Brands Hospitality, regarding discussions of an eviction filed against Forbici Modern Italian by WS Development, the landlord behind Hyde Park Village.
The hospitality group operates Forbici and several other restaurants in Tampa. Gigante said they are currently in negotiations and hope to have a resolution soon.
"I believe we will reach a happy compromise that will keep operations mostly the same," Gigante said.
VIDEO:South Tampa Dairy Joy has window shattered by dumbbell
He declined to comment publicly at this time, "to preserve the spirit of compromise."
What's next
As the area grows, some people hope that the diverse collection of retail shops and restaurants remains the heart of Hyde Park Village.
"For us in the neighborhood, the biggest amenity is the retail and restaurants," Cimino said.
FOX 13 reached out to WS Development about the future of Forbici and other plans in Hyde Park Village, and is waiting to hear back.
The Source
The information in this story was gathered by FOX 13's Kylie Jones.
WATCH FOX 13 NEWS:
STAY CONNECTED WITH FOX 13 TAMPA:
Download the FOX Local app for your smart TV
Download FOX Local mobile app:Apple |Android
Download the FOX 13 News app for breaking news alerts, latest headlines
Download the SkyTower Radar app
Sign up for FOX 13's daily newsletter
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
2 hours ago
Ageras cracks the code to profitable growth -- two years in a row
COPENHAGEN, Denmark, June 4, 2025 /PRNewswire/ -- Ageras - the European provider of accounting software, business banking, and admin tools - today announced its annual results for 2024, achieving profitability for the second year in a row. This year marked a major milestone, with strong revenue growth of 114%. Ageras stood out by achieving profitability, completing major strategic acquisitions - including its largest deal to date, the acquisition of French fintech Shine, a licensed payment institution – and laying the foundation for continued growth. "This year's results are the outcome of staying focused on what really matters: solving real problems for small businesses," says Rico Andersen, CEO of Ageras. "We're building tools that simplify their lives and we're doing it in a way that's both sustainable and scalable. That's how we've built a profitable business, even in a challenging market." Growth without compromise "Many fintechs chase growth at any cost. We grow fast, too, but we stay laser-focused on profitability. It's not flashy, but it is important," says Rico Andersen, CEO of Ageras. "Our revenue more than doubled year over year." Ageras' revenue surged by 114% in 2024. The company ended the year with €8.7 million in EBITDA and 90% gross margin, a strong indicator of its operational efficiency and disciplined growth strategy. At the same time, the team more than doubled in size, growing from 200 to 449 employees, and now serves over 320,000 small businesses across Europe. With a solid footprint in its core markets - Denmark, the Netherlands, Germany, and France - Ageras is reinforcing its position as Europe's go-to financial platform for small businesses, driven by growing demand for simple, integrated solutions delivered with precision and scale. From bold acquisitions to profitable integration In 2024, Ageras made strategic moves that expanded its reach, strengthened its product suite and brought in top-tier investors to support its long-term vision. Its biggest acquisition to date is Shine, a leading French fintech known for its strong banking product, bringing a crucial payment institution license granted by the ACPR (the French financial services regulator) - an asset that now enables Ageras to launch more advanced banking features across Europe. "Shine's negative EBITDA at the time of acquisition reflected prior bold, strategic investments and we saw the value: a product that small business owners love and a brand that really resonates. Our financial strength gave us the confidence to act. Even after acquiring Shine that was not yet profitable, we still managed to deliver the strongest EBITDA in the history of Ageras. Shine's leading technology is now a key driver of our European fintech expansion," comments Rico Andersen. Ageras also acquired Storebuddy, a software specialised in automating accounting for digital payments, strengthening its accounting automation and reinforcing its role as a key partner for small businesses that accept digital payments. AI behind the scenes In 2024, AI became a major growth driver for both Ageras and the small businesses it supports. With smarter tools like advanced expense categorisation and email-based receipt matching, Ageras helped clients simplify their finances. "AI is about making the experience smarter, not more complicated. It's more than a trendy feature to offer. We believe AI should work quietly in the background, giving insights and eliminating tedious manual tasks but letting entrepreneurs stay in control," says Rico Andersen, CEO of Ageras. Therefore, Ageras also proved that cutting-edge technology and exceptional human support can go hand in hand. While embedding AI at the heart of its platform, the company doubled down on service excellence, most notably by acquiring the fintech Shine, repeatedly recognised for its outstanding customer care, including the 'Best Customer Service' award in both 2024 and 2025. About Ageras Ageras was founded in 2012 by serial entrepreneurs Rico Andersen and Martin Hegelund. Ageras' vision is to create success for small businesses by simplifying their administration. By integrating its solutions into a single platform for invoicing, accounting, payroll, banking and financing, it enables business owners to focus on running their business. The company's investors include Investcorp, Rabo Frontier Ventures (Rabobank) and Lugard Road Capital (Luxor Capital), Folketrygdfondet and Lazard. For more information, please visit Press contacts PR agencynic@ - +45 20729972 AgerasMarine Bryszkowski - Mathilde Beainy - marine@ / 6 66 29 16 98 / +33 6 35 43 19 98 This information was brought to you by Cision The following files are available for download: Rico Andersen Martin Hegelund 3 Rico Andersen 3 View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
3 hours ago
Remy Cointreau withdraws mid-term goals, posts lower annual profits
By Dominique Vidalon PARIS (Reuters) -French spirits group Remy Cointreau reported a smaller-than-expected 30.5% drop in annual organic operating profit, withdrew its mid-term goals and said sales would return to mid-to-single-digit growth during the next financial year. The company, which makes Remy Martin cognac and Cointreau liqueur, said on Wednesday that the lower profits reflected weak sales in its key markets of China and the United States, where the group also faces tariff threats. This was partially offset by cost cuts worth 85 million euros ($97 million), which outpaced an initial cost savings plan of 50 million euros. Remy Cointreau, which last week named luxury goods veteran Franck Marilly as its new chief executive, said it had decided to withdraw its objectives for 2029-30, citing continued uncertainty tariffs. Its group operating profit fell 30.5% on an organic basis to 217 million euros ($247 million) for the full year ended March 31, 2025. Analysts had expected a fall of 31.7%, according to a company-compiled consensus of 15 analysts. The company makes around 70% of its sales from cognac, mostly in the U.S. and China. Remy's sales have come under pressure amid a sluggish Chinese economy and threats of tariffs on European brandy. Meanwhile, high interest rates and inflation have led to steep sales declines in the United States, where Remy's rivals have also been cutting prices and eating into the firm's market share. For the financial year 2026, Remy Cointreau estimates, under what it calls its "worst case scenario", it could suffer an organic decline in current operating profit in the mid-teen to high-teen range as a result of U.S. and Chinese tariffs. ($1 = 0.8800 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
3 hours ago
Tonner Drones encourages shareholders to vote at the Ordinary and Extraordinary General Meeting on Thursday, June 19, 2025
Tonner Drones encourages shareholders to vote at the Ordinary and Extraordinary General Meeting on Thursday, June 19, 2025 Schiltigheim, June 4, 2025 at 8:00 a.m., Tonner Drones (the 'Company') announces the meeting of its ordinary and extraordinary general meeting to approve the 2024 accounts. The shareholders of Tonner Drones are invited to attend the Ordinary and Extraordinary General Meeting to be held on Thursday, June 19, 2025, at 3:00 p.m., at the offices of the Lexelians law firm, located at 11 avenue de l'Opéra, 75001 Paris. A notice convening shareholders for the Combined General Meeting on Thursday, June 19, 2025, was published in the Bulletin des Annonces Légales et Obligatoires (BALO) on Wednesday, June 4, 2025. This notice can be viewed on the Tonner Drones website. The preparatory documents for this General Meeting have been made available on the company's website in accordance with the legal terms and deadlines. Tonner Drones encourages its shareholders to get involved in the company and to vote on the various resolutions. Shareholder participation would be appreciated by the company to meet the quorum. Shareholders wishing to be informed can send an email to AG@ End of Press-Release. About Tonner Drones: Tonner Drones develops technologies for the logistics sector. Tonner Drones holds valuable stakes in some promising French drone manufacturers like Elistair and Donecle. Tonner Drones' strategy is to increase the value of its shareholdings in these companies through active asset management. Additional revenues can be achieved through royalties from patents held by Tonner Drones. Tonner Drones does not plan on owning a factory; however, it is determined to retain R&D for its products and systems in France. Tonner Drones uses an active strategy to manage its treasury. Tonner Drones' shares are listed on Euronext Growth Paris (ISIN code: FR001400H2X4). More information at / contact@ Warning Regarding the merits of any transaction or the making of any investment decision. It does not constitute or include any confirmation or commitment by Tonner Drones (or any other person) regarding the present or future value of Tonner Drones ' business, its securities, its subsidiaries or any other assets of Tonner Drones . This press release contains forward-looking statements based on current beliefs and expectations regarding future events. These forward-looking statements may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and/or expectations regarding future financial results, events, operations and services. and product development, as well as statements regarding performance or events. These statements are generally identified by the terms "expect", "anticipate", "believe", "intend", "estimate", "plan", "project", "may", "should" or the negative form of these and other similar expressions. These statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions regarding Tonner Drones and its subsidiaries and investments, trends in their businesses, future capital expenditures and acquisitions, developments relating to contingent liabilities, changes in global economic conditions or Tonner Drones ' principal markets, competitive market conditions and regulatory factors. The realization of these events is uncertain; their outcome could turn out to be different from that envisaged today, which is likely to significantly affect the expected results. Actual results may differ materially from those anticipated or implied in these forward-looking statements. Any forward-looking statements contained in this press release are made as of the date of this press release. Except as required by applicable law, Tonner Drones undertakes no obligation to revise or update any forward-looking statements, taking into account new information or future events. Attachment ENG_Tonner Drones encourages shareholders to vote at the Ordinary and Extraordinary General Meeting on Thursday, June 19, 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
