Tampa

Development Team Closes on Sale of Market-Rate Apartments in Tarpon Springs – Tampa, Florida

Tampa, Florida 2021-10-17 12:32:19 –

Tampa, Florida (October 15, 2021)— — DDA developmentIn cooperation with, Backstreet Capital When Atlantic American Partner, Ended with sale Pineras IcariaA 236-unit, Class A condominium, it is the largest development property of its kind in Tarpon Springs, Florida. The project, priced at $ 65,650,000, or $ 278,179 per unit, is located on 6.5 acres on South Pinellas Avenue 1185 in Tarpon Springs and offers a combination of one, two and three bedroom units.

Located on Alternate 19 between Winn-Dixie Hospital and Advent Hospital, this hotel is conveniently located along the Pinellas Trail, less than 1.6 km (1 mile) from the historic downtown Tarpon. At the entrance of the apartment, inside the roundabout on the public road, Cecilia Ruesa This was commissioned by the development team.

Bowen Arnold, DDA Development Principal, said of the deal: This reflects stagnant demand in this region of Pinellas County. We believe this project has really raised the bar for quality tarpon apartments. ”

Walker & Dunlop acted as a broker for this transaction.



Development Team Closes on Sale of Market-Rate Apartments in Tarpon Springs
Source link Development Team Closes on Sale of Market-Rate Apartments in Tarpon Springs

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