Ronto Wraps Up Construction on Tampa Luxury Condo Tower

MSD Partners provided a $72.5 million loan for the 23-story development.

  • Property at 2910 W. Barcelona St., Tampa, Fla.
  • Property at 2910 W. Barcelona St., Tampa, Fla.
  • Property at 2910 W. Barcelona St., Tampa, Fla.

Ronto Group has completed the 23-story, 73-unit Altura Bayshore, a luxury condominium tower in Tampa, Fla. In 2022, MSD Partners issued a $72.5 million construction loan arranged by JLL. Prices range between $2.3 million and $4.1 million.

Connor & Gaskins Unlimited was the general contractor, Curts Gaines Hall Jones Architects provided design services and Beasley & Henley Interior Design handled the public areas. The crew topped out the tower last year.

READ ALSO: Miami’s Condo Market: Buyers Are Searching for a Single-Family Feel

Altura Bayshore encompasses two- to four-bedroom floorplans ranging between 2,176 and 3,575 square feet. Units feature private elevators and 10- to 11-foot ceilings, as well as multiple balconies and terraces, among others. The rooftop and fourth floor provide various community amenities, such as a swimming pool, a bar, a clubroom, a gym and several sport courts.

Located at 2910 W. Barcelona St., the building is within walking distance of Hillsborough Bay and some 4 miles southwest of downtown Tampa. Employers such as Pfizer, Morgan Stanley and General Dynamics operate within a 5-mile radius.

Florida’s condominium scene

South Florida condo demand has persisted due to the in-migration of high-income households spurred on by a favorable tax policy, Related Group President of the Condominium Division Nick Pérez told Multi-Housing News in a recent interview.

Southeast Florida’s new condo listings however are outpacing new pending sales, having 20 new listings for every 10 new condominium/townhome pending sales as of February 2024, according to Miami Realtors. Condo prices were up 6.1 percent year-over-year in the area as of February, however the forecast for 2024 estimates the figure will settle at just 1 percent by the end of the year, the same source reveals.

As of 2021, Ronto had developed more than 10,000 condo units. In Southeast Florida, the developer teamed up with Wheelock Street Capital to build Infinity at the Colony, a 96-unit luxury condominium project in Bonita Springs, Fla. MSD Partners provided $122.5 million in construction financing in a deal arranged by JLL. Completion is expected this year.

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