Crescent Communities Opens Tampa Luxury Property

The waterfront NOVEL Beach Park comprises 289 units.

Crescent Communities has opened NOVEL Beach Park, a 289-unit luxury community in Tampa.

The developer broke ground on the wellness-focused property in September 2022. FINFROCK designed NOVEL Beach Park to achieve LEED certification, while Kimley-Horn provided civil engineering services. DIX•HITE + Partners oversaw landscape architecture and ID & Design International the interior design.

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Financing for the high-rise apartment community included a $72.5 million construction loan provided by TD Bank, according to Yardi Matrix data. The development of NOVEL Beach Park was made possible by the Crescent Communities Real Estate Opportunities Fund.

Luxury community on the banks of Old Tampa Bay

The nine-story building incorporates studio, one-, two- and three-bedroom floorplans ranging between 579 and 1,675 square feet. Common-area amenities include a swimming pool, a fitness center, a coworking lounge with conference rooms, a club room, a gear lounge, a rooftop terrace, outdoor kitchens with grilling areas, a pet spa and parking spaces. As to multifamily interior design, units feature ENERGY STAR stainless steel appliances, washer and dryers, walk-in closets, digital locks, soundproof windows and private balconies or patios.

Located at 5450 Bay Center Drive, NOVEL Beach Park is on the banks of Old Tampa Bay in Tampa’s urban core, within the Beach Park neighborhood. The community is close to the intersection of U.S. Route 60 and Interstate 275, connecting to downtown Tampa. West Shore Plaza, Cypress Point Park and Tampa International Airport are within 3 miles of the property.

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