A Tampa developer has acquired one of the most visible vacant parcels in downtown's Channel district.

A corporate entity tied to Liberty Group paid $3.25 million for the .95-acre lot at the corner of North Meridian Avenue and Kennedy Boulevard, according to Hillsborough County property records.

"As of this moment, we have not confirmed any development plans and are evaluating our highest and best use for the site," Liberty CEO Punit Shah wrote in an email. "We recognize the importance of this very visible downtown parcel and we remain diligent in ensuring any potential development compliments the residents of the Channel District community. With the success our Aloft hotel development in downtown Tampa, we believe this property may also be a great opportunity to add another hotel project to our growing city and will keep you apprised of future plans as they materialize."

The transaction closed in early May.

The seller, BP Property Management, had owned at least a portion of the site since 1986, according to Hillsborough County property records.

The corner is among the best located in downtown Tampa, in the heart of an already dense residential district. It is within blocks of two new developments: The rapidly rising eight-story apartment building Florida Crystals has under construction as well as the Channel Club, which will include a new tower and downtown Tampa's long-awaited Publix Super Markets Inc. store.

It is also surrounded by existing buildings that are well positioned. Grand Central at Kennedy, which is marketing dozens of condos for sale after operating them for apartments during the Great Recession, is across the street from the site.

The Slade, a retail-and-residential building that was purchased by a joint venture in November 2015, is adjacent to Liberty's site.