Miami developer The Connected Team has expended $55.5 million on assets near downtown Tampa and plans to a establish combined-employed development on the web page.
The challenge, which arrives with $8 million for the enlargement of the city’s Riverwalk, will contain luxurious sector price apartments and condominiums as well as university student housing and retail. The residence will also appear with 10 boat slips and a helistop.
In all, when finish, the advancement will be built up 32,760 square feet of retail and 1,079 household models.
Similar, according to a spokesperson for the developer, “envisions lining Parker Avenue with pedestrian-pleasant outlets and assorted (foods and beverage) offerings.”
The property Linked bought is designed of 4 parcels — two on Parker Road and a person just about every on Keller and Cedar Avenues — and is on the west aspect of the Hillsborough River, throughout from downtown.
Linked has known as Tampa its next house and is now hectic in the area. It is currently making the 27-tale Ritz-Carlton Residences on Bayshore Boulevard and not too long ago introduced a next tower for that growth. It is also the developer powering Icon Central — now Camden Central Apartments — in St. Petersburg and Town Westshore in Tampa.
In addition to these projects, Linked, which got its start out developing very affordable housing projects in Miami, is also operating on the 120-acre West River Tampa advancement and is the learn developer on the Rome Property progress. Both equally are economical housing initiatives in the city.
In January, Associated marketed the 400-unit Manor Riverwalk apartment to a Denver real estate financial commitment have faith in for $225 million. That making is close to the place the new advancement will be crafted.
Dates for when development will begin and when the job is anticipated to open up ended up not immediately offered.