Waterstone Apartments

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    The company tapped Kohn Pedersen Fox to design 815 Water St., a dual-tower building that will be one of the first new condo projects in Tampa within the last 10 years.

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    Rising interest rates have yet to strongly impact the multifamily market, as specialists are confident the market will continue to see healthy fundamentals in the near future. While loan origination volumes are expected to stay up, the average value of credit facilities might dip.

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    The company paid $22 million for Hunters Pointe Apartments, 386-unit community in the University area. Capstone Apartment Partners represented the seller, Asia Capital Real Estate.

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    Veranda Highpointe consists of one- to three-bedroom residences as well as 41,000 square feet of retail space.

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