Luxury apartments in Westshore Marina District take key step forward

A luxury residential development near the intersection of Westshore and Gandy boulevards has landed a construction loan.

Related Development LLC, the rental and mixed-use subsidiary of Related Group, said Thursday that it has closed a $52 million construction loan for the development of Town Westshore, a 396-unit apartment complex at 5001 Bridge St. (See map embedded above.)

SunTrust Bank is the lender, Related said. A mortgage has not been yet been filed in Hillsborough County.

Town Westshore Marina Apartments is part of the Westshore Marina District, a mixed-use development underway on the Westshore waterfront. BTI Partners, based in Fort Lauderdale, is the master developer of the project.




Old Tampa Tribune site becoming luxury apartments

 Helping to break ground on the new Manor Apartments Riverwalk, Tampa mayor Bob Buckhorn’s vision of the new downtown is surely, but slowly becoming a reality.

“It is the beginning of a dream come true,” he said.

The waterfront apartments will be built on the site of the old Tampa Tribune building on South Parker Street. Its developer, The Related Group has decided to take on the project solo.

“Look at the site, these are irreplaceable sites,” said Jorge Perez, Chairman of The Related Group. “You can’t replace the ocean, you can’t replace the river, you can’t replace the bay. When all of those are in the downtown location… I could not find this place anywhere else. It was love at first sight.”

On top of the 400 luxury apartments that will be built at Manor Riverwalk, Perez says he is committed to also developing more affordable housing.

“We’ve made it a company philosophy, when we go into an area, to also try to provide for those people so they can live in the city,” said Perez.

Buckhorn added, “You’ve got to have a city that’s complete. You can’t have a city where folks get left behind.”

Perez’s new property will also include an extension of Tampa’s Riverwalk on the west side. The mayor says the city has most of the development agreements that will take the Riverwalk up to Rick’s on the River.

“I think the momentum is here,” said Buckhorn. “From this project, all the way up through Plant Park, Riverfront Park – which will be completed next spring – and then around to the West River Project, I think over the next decade, it’s going to transform this entire area.”

Maitland’s last evidence of orange groves is soon to become apartments and shops with the Related Group’s $10 million purchase of 20 acres on Maitland Boulevard.

Construction is expected to start this week clearing the lake-pocketed site for Town Trelago apartments. Work is expected to start on the 350-unit apartment community in the next three or four months and completion planned in about two years.

Residents surrounding Lake Hope had long opposed development of almost 100 acres on the north side of Maitland Boulevard, just east of Interstate 4. Zoning for the overall 96-acre site, known as Maitland Concourse North, was approved in 2016 by the city, according to the Land Advisors team representing the Related Group.

“We went to great lengths to work with residents and had a number of community meetings,” said Jeff Robbins, vice president of development for the Miami-based developer. “The beauty of this project is that the apartments are set off from Maitland Boulevard and front on three lakes.”

Robbins described the residential plans calling for 13 buildings two-story apartment buildings facing lakefront. Three-story apartment buildings are closer to a planned retail center with 130,000 square feet. Apartment amenities are expected to include a clubhouse, fitness center with steam room, and outdoor trails.

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Miami-based Related Group closed on the purchase of part of a master–planned community in Tampa for $11.81 million.

Relate bought 8.5 acres of a 52-acre master-planned community called Westshore Marina District. Related plans to build a 396-unit apartment complex on the site, located on the eastern end of the Gandy Bridge that connects St. Petersburg and Tampa.

Fort Lauderdale-based BTI Partners, the master developer of the Westshore Marina District. has designed the development of the 52-acre site to include retail stores, offices, a 200-room hotel and as many as 1,750 residences, plus a 1.5 mile park along the waterfront and at least 185 boat slips.

Related, the first company to buy land at the master-planned community, expects to start construction of its planned apartment complex in about a year and to begin leasing units in August 2018. [Tampa Bay Times] — Mike Seemuth

Related opens Doral rentals priced up to $3,600

The Flats Apartments are located at the CityPlace Doral mixed-use development


Rendering of The Flats Apartments at CityPlace Doral

Miami-based Related Group opened a 300-unit apartment building in Doral with monthly rents up to $3,600.

Related offers studios and one-, two- and three-bedroom apartments at The Flats Apartments, located in the mixed-used CityPlace Doral development. Monthly rents start at $1,645.

Residents of The Flats will have ground-floor access to the first Fresh Market grocery store in Doral, one of more thansssssss40 tenants of CityPlace Doral that will include CinéBistro and Improv Comedy Club. CityPlace Doral, expected to open early this year, will have more than 300,000 square feet of retail space.

“From the very onset of development, we aimed to offer an urban atmosphere within Doral’s suburban setting, and The Flats fulfills that goal,” Steve Patterson, President and CEO of Related Development, said in a prepared statement. “Residents can shop, eat, drink and go home all without ever getting in a car.”

Besides The Flats, the residential component of CityPlace Doral includes another rental property called The Manor Apartments, and Oasis,  a residential project developed in partnership with Shoma Homes. Oasis is 90 percent sold with unsold eight homes remaining.