LIV Development Breaks Ground on Tampa-Area Community
This luxury property is scheduled to open during the second quarter of 2025.
LIV Development is adding another Florida development to its growing multifamily portfolio. The developer has started construction on Livano at Sunlake and expects to welcome residents in the second quarter of 2025. FaverGray has been brought on as the project’s general contractor, while Baker Barrios will act as the architect and Design South Interiors will be the interior designer.
The four-story luxury community will offer 234 units in one-, two- and three-bedroom units. Amenities will include a clubhouse, coffee shop, pet center, coworking space, play area, dog park, fire pits and gathering areas.
Located on a more than 20-acre site at the intersection of State Route 54 and Henley Road, residents will be 10 minutes away from the Suncoast Parkway toll road which, in turn, is 30 minutes from Tampa International Airport and the Westshore Business District that sits west of downtown Tampa.
Ben Hinson, executive vice president at FaverGray, said in prepared remarks that the Livano at Sunlake will help the surrounding Pasco County continue its growth. According to Marcus & Millichap’s 2023 second quarter report for Tampa’s multifamily market, the Tampa metro has more than 6,400 units in its development pipeline, with a majority of them being in New Tampa-East Pasco County and Brandon-Southeast Hillsborough County. More specifically, the New Tampa-East Pasco County submarket has more than 4,300 units that will be delivered.
Meeting demand in Tampa
LIV Development has added more than just its latest Livano at Sunlake project to the Tampa metro’s current development pipeline. The developer recently broke ground on Livano Nature Coast, a 348-unit luxury community in Spring Hill, Fla., near Tampa. Besides the Tampa metro, LIV Development is also working on two projects in the Orlando, Fla. market, Livano Grand National in Orlando itself and Livano Wildwood in Villages, Fla.
FaverGray is also working on building a 295-unit community in Jacksonville, Fla., which broke ground in September and is due to be online in 2024.