BTI Partners Affiliate Launches Sales at Tampa Condo Tower
The new development is situated within the Westshore Marina District.
A BTI Partners affiliate has launched the sales for the third and final condominium tower of Marina Pointe at Westshore Marina District in Tampa, Fla. The waterfront tower will encompass 105 luxury residences and seven Harbor Homes.
Marina Pointe is a condominium development situated within Westshore Marina District, a 52-acre mixed-use community. The three-building project is financed by a $92 million construction loan, originated by Bank OZK. BTI Partners is developing the project in a joint venture with Westport Capital Partners, while its affiliate, BTI Realty, is leading the marketing efforts and sales.
The news comes as Tower One is nearly sold out and multiple contracts are quickly being signed for Tower Two. The residences within Tower Three will range in size from 1,600 square feet to 3,700 square feet, while sale prices will range from $900,000 to more than $6 million. The third tower will encompass two- and three-bedroom residences with as many as three bathrooms. The new homes will feature 10-foot ceiling heights, open entertainment spaces, oversized walk-in closets, energy efficient windows, air conditioning systems and sliding glass doors, oversized balconies, quartz countertops, stainless steel appliances, as well as European-style kitchen cabinetry.
The project’s Tower One includes 118 residences and seven Harbor Homes, while Tower Two, expected to break ground this year, will comprise 151 residences. Common-area amenities at Marina Pointe include resort-style swimming pools with pool decks, heated spa spaces, a fitness center, a yoga studio, social rooms with bars and private dining spaces, concierge services, an entertainment center, a virtual golf simulator and dog parks.
A high-end waterfront community
Additionally, the development includes a private 150-slip full-service marina, where owners can purchase a slip to dock their yachts. The private marina has been a major selling point for Marina Pointe condos, since many residents are unable to find boat slips in the Tampa area, BTI Partners’ Executive Director of the West Coast of Florida, Dominic Pickering, commented in prepared remarks.
The three-tower condominium development is situated in an area with multiple urban trails, outdoor lifestyle programming services, parks and access to watersports. Additionally, the development is allowing easy access to Westshore Marina District’s Marina Landings, the area’s retail center, where BTI Partners has overviewed the tenant selection.
Other condo developments announced in Tampa include The Related Group’s Ritz-Carlton Residences, a two-tower project. The developer has recently broken ground on Tower II, set to encompass 94 residences and six villas. Also recently, Osborn Investments secured $38.5 million in construction financing for the development of Grove at Seascape Resort, a 97-unit luxury condo project in Miramar Beach, Fla. Nearly 90 percent of the units were already presold.
