Tampa
Tampa Multifamily Report – Spring 2019
With its friendly business environment and good quality of life, the metro continues to attract residents and companies alike, boosting demand for housing.
Tampa Community Commands $13M
Axonic Properties has sold the 110-unit multifamily property located near Hillsborough River. Franklin Street represented both buyer and seller in the transaction.
Water Street Tampa 1st to Achieve Global WELL D&O Designation
The $3 billion, 56-acre mixed-use community being developed in Tampa, Fla., is an early adopter of the WELL Community Standards that recognize neighborhoods designed and operated to improve the residents’ health and well-being.
Work Starts on $100M Tampa Luxury Project
Index Investment Group has teamed up with local developer Richard Coley to bring a 444-unit apartment community to the Gulf Coast.
Tampa Bay Luxury Community Trades for $80M
The 180-unit high-end residential property in Sarasota has obtained one of the highest prices per unit ever achieved in the Florida multifamily market.
Tampa Bay Luxury Community Lands $45M Refi
Berkadia has arranged a 10-year Fannie Mae loan for the 227-unit multifamily property on behalf of a subsidiary of Primerica Group One.
Luxury Community Changes Hands in Tampa
An affiliate of Nuveen Real Estate has acquired the 366-unit multifamily property located in Hillsborough County. Newmark Knight Frank represented the seller in the disposition.
Tampa Bay Community Trades for $32M
Balfour Beatty Communities has acquired the 278-unit property as part of a joint venture. The company’s Florida portfolio has increased to more than 3,500 residences.
Sarasota Luxury Condo Tower Gets $75M Financing
The 49-unit high-rise is slated for completion in the first quarter of 2020. Knighthead Funding provided the construction loan for BLVD Sarasota in the city’s Rosemary District.
Market Spotlight: What Fuels Tampa’s Growth
Chase Pattillo, vice president of Fore Property Co.’s Tampa office, examines the market from a developer’s perspective and sheds light on what’s attracting new projects to the metro.