The Mirasol is owned by Davis Islands resident Frank Carriera, along with a group of local Tampa investors.

The Mirasol was built as a hotel nearly a century ago, when it served as an amenity and gathering place for the Davis Islands community. Setting new standards for quality and elegance, the Mirasol helped create the Davis Islands Tampa knows today.

The Mirasol was converted into apartments in 1962, and since then it has remained an architectural gem. However, the Mirasol needs significant investment to modernize the building systems, preserve its architectural character, and make it more resilient for the next 100 years.

After evaluating numerous opportunities on how to most effectively restore and preserve The Mirasol, the ownership team has determined that restoring it to an elegant community-oriented hotel, along with a limited number of private residences, is the most feasible option.

This necessary investment was reinforced this past October, when Hurricanes Helene and Milton impacted the Tampa Bay region. Along with many other homes and businesses on Davis Islands, The Mirasol suffered significant damage from flooding, storm surge, and wind. The storms were a reminder of the urgency of making investments in the building today and ensuring the Mirasol remains an icon on Davis Islands for the next 100 years.

While The Mirasol was originally built as a hotel, zoning regulations subsequently limited the use of the property to residential only.   It will need to be re-zoned to allow for hotel use on the site.

Today, the site is zoned RM-35, allowing for medium-high density multi-family residential with a 120’ height limit.

Re-zoning the Mirasol will be done through a “Planned Development (PD)”, which was filed on March 11, 2025. This process allows for zoning changes that recognize unique conditions and promoted planned diversification of uses.

The PD will define key criteria for the project, setting the specific allowed uses, maximum area, height, parking, and other key elements to ensure the project will be compatible with the neighborhood and city standards.

As with most early-stage projects, the exact timeline for redevelopment is contingent upon the re-zoning process and market conditions.  The Mirasol will undergo a significant interior and exterior restoration and renovation process before it can reopen as a hotel.

The ownership team envisions the hotel as a boutique, luxurious property with an independent and locally oriented experience.   Discussions with potential hotel brands have started and will continue as more is learned through the community outreach and rezoning process.

Our current residents are welcome to remain at The Mirasol as we work through the initial planning process.   We will remain open and transparent with them as we work through planning and rezoning.  The eventual restoration and redevelopment of The Mirasol will take time, and ample notice will be provided to our residents in the event they need to relocate during the renovation process.

The restored Mirasol Hotel is envisioned to have luxurious amenities reminiscent of those it had when it first opened in 1926, including a restaurant, rooftop lounge (“sky garden”) with panoramic views -- along with many modern-day features and services such as a full-service spa and wellness programs, a tranquil pool, and concierge service.

If The Mirasol is not rezoned to allow for a hotel, the future of the property is uncertain. The conversion to a hotel, and the associated building improvements and upgraded systems, are necessary to sustain the building. The repairs needed will require the building to be vacant. It is not financially feasible to make those necessary improvements if it remains an apartment community.

No taxpayer dollars will be used to renovate or redevelop The Mirasol. In fact, The Mirasol’s redevelopment will increase tax revenue for the city in the future. The project budget will depend on the exact timeline and construction start dates. This will be a significant investment in Davis Islands and a long-term commitment to the community.

Once restored as a hotel, The Mirasol will be an amenity that will be open to the immediate neighbors and the greater Davis Islands community.   Currently, the property is restricted to residents. 

By preserving the historic tower and limiting the scale and density of any new additions, the length and impact of the construction will be significantly less than a typical new development.

Per the traffic study produced for the rezoning process, The Mirasol redevelopment’s traffic will have no impact on the level of service or performance of any of the surrounding intersections on the site. The project is also providing nearly twice as much on-site parking for residents, guests, employees and visitors. An access drive is proposed along Davis Blvd. ensuring that hotel drop off traffic will not impact cars on Davis Blvd. Loading and trash will be relocated from their current location on Adalia Avenue to an enclosed trash and loading space accessed off of Davis Blvd, mitigating noise and keeping trucks off neighborhood streets.

The docks will remain in its current configuration as a private recreational facility. There will be no commercial use. When the current ownership team purchased the property in 2021, the marina was in significant disrepair and a liability for the property and marina users. The owners were required to work with the Tampa Bay Port Authority to pull an emergency work permit to rebuild the marina to the condition it is in today.

The current plans include approximately 117 covered parking spaces on the site, an increase of over 53 spaces from the current asphalt parking lots on the property. Through detailed studies of other hotels in Hyde Park, Ybor City, West Shore and in other markets, the project team is confident this is more than adequate for the projected future use. he residential parking, residential guest parking, and employee parking all are in accordance with the current code and are included within the demand calculations.   

The ownership team also fully supports Davis Islands resident-only parking restrictions on Adalia and Baltic, to the extent desired by the community, and will work with the community however they are able.

The final number of future employees will be determined with the hotel brand and operating partners after the rezoning process advances. We estimate 35 full time employees as part of our rezoning filing, and that the hotel to be a significant contributor the local economy through jobs, sales and hotel use taxes, and property taxes.

Our intent is to position the Mirasol as a luxury boutique hotel, aligning with the character and quality of the homes and community on Davis Islands. While room rates will be established when the hotel is near opening, they are expected to mirror the rates of nearby high-quality hotels.

The Mirasol façade will be restored and preserved, ensuring it’s character and iconic design remain part of Davis Islands! Fortunately, many historic images and records will be a reference point for the restoration process. The renovation will take place alongside the conversion project. As the building was originally a hotel, the interior spaces and rooms work very well with the exterior window locations, resulting in very few architectural alterations.

Please sign up for updates below and ask your neighbors to also support the project. We will share updates on the website and upcoming public events and meetings. We believe The Mirasol, once restored, will be an amazing destination and amenity for the community. The enthusiastic support of our neighbors will be necessary to successfully realize this vision. Thank you!