Vista Residential Secures $19M for Tampa Project

Vista Residential Partners has secured a $19 million loan for the 268-unit River Vista workforce housing project in Tampa, Fla. Crow Holdings Capital’s credit venture issued the mezzanine note in a deal brokered by JLL Capital Markets.

Taking shape at 4504 Clewis Ave., River Vista will encompass ten three-story buildings. The unit mix will consist of one- to three- bedroom floorplans averaging 989 square feet. Units will include quartz countertops and stainless-steel appliances.

Shared amenities at the pet-friendly community will encompass a fitness center, coworking areas and several clubrooms, as well as a pet spa and park.

East of the Tampa Bypass Canal, the property will be some 8 miles from downtown Tampa. A few dining options are available along the Dr. Martin Luther King Jr. Boulevard, while retail chains Walmart and Publix are also some 3 miles away.

JLL’s Senior Managing Director Brian Gaswirth and Associate Michael Romero led the deal on behalf of the borrower.

The firm is currently working on another Florida community, namely the 221-unit Gardens Vista in Boca Raton, according to Yardi Matrix data. The multifamily development broke ground last year on the four-story project.