An entity controlled by Falcone Group, Sentosa Riverview Owner LLC, has broken ground on Sentosa Riverview, a 368-unit, Class A multifamily development in Riverview, Fla. Summit Contracting Group, a multifamily general contractor with offices in Atlanta and Jacksonville, Fla., was chosen to handle construction of the project. It is the fourth property that Summit is currently building in the Tampa, Fla., area.
The 375,212-square-foot apartment community is slated for completion in summer 2022. The architect is ARC3 Architecture Inc. Located on Highway 301, Sentosa Riverview will consist of nine residential buildings. Amenities will include a clubhouse, swimming pool, fitness center, outdoor dining and grill area, playground, dog park and garages.
Summit is also the general contractor for four other projects in Tampa, including Novel Midtown Tampa, The Foundry NoHo, Legacy at Encore and The Independent, a 275,000-square-foot, 288-unit project that will also have a mezzanine of two-story loft apartments. Part of a master-planned development called Encore! in Tampa, it is slated for completion in early 2022.
North Florida Projects
Further north, Summit has also been working on several multifamily projects in Jacksonville, Fla., including Sydney Trace Apartments, a 192-unit affordable community the contractor is developing for The Vestcore Cos. The project, which received $19 million in bond financing from the Jacksonville Housing Finance Authority in July, is valued at $31 million.
In May, Summit broke ground on Southbank Urban Residences, a 185-unit, 263,519-square-foot luxury development overlooking St. Johns River for Ventures Development Group. It is expected to be finished by early 2022. Summit is also serving as general contractor on six other Jacksonville multifamily projects including The Reserve at Oakleaf, Volaris West Kernan, The Menlo (apartments of eTown), Fusion, Lofts at Brooklyn and The Waves.