Atlanta, GA/Tampa, FL. – PENLER, an Atlanta-based multifamily real estate operating platform, is building a new 205-unit apartment community in South Tampa. The gated community, which is PENLER’s third development, sits in the Westshore Marina District, six miles south of Hyde Park and within 15 minutes of Tampa’s three largest employment centers. Construction will begin immediately. The first apartment homes will be available in the early Summer of 2022.
“We are thrilled with the opportunity to bring this high-quality project to an infill South Tampa location. We are developing two- and three-story buildings across nearly 11 acres and were able to site plan around a dozen large live oaks, with a design containing nearly 40% open space,” said Managing Partner Brian Metzler.
The community will offer one- and two-bedroom apartments featuring open floor plans and nine-foot ceilings, efficient kitchens with upgraded appliances and quartz countertops, wood grain plank flooring and ceiling fans.
Amenities will include a resort-style pool, outdoor gas grills, a package locker for deliveries, a clubhouse, lounge and business center, and a commercial caliber fitness center featuring a cardio and yoga/spin area. The architecture is Old Florida-inspired and the site plan features three courtyards, a public pocket park and a dog play area.
The property is located at 6603 S. Trask St., near the major north/south arteries of West Shore Blvd. and Dale Mabry Highway. West Gandy Blvd is only 1.5 miles to the north, offering easy access to St. Petersburg and the Gateway Office market. The community is only minutes away from Hyde Park, Downtown Tampa, the Westshore business district, Riverwalk and Water Street – as well as shopping options at Westshore Plaza and International Plaza.
“We have two more developments in the pipeline, which we plan to start later this quarter,” added Managing Partner Graham Carpenter. “We anticipate a very busy 2021.”
PENLER’s other active developments include apartments in Nashville, Tenn. and The Parker in northern Metro Atlanta. Last fall, PENLER acquired Tradition at Palm Aire, a 248-unit apartment community in Sarasota. The company also owns an asset in Uptown Charlotte.
Launched in early 2019, PENLER is a full-service multifamily real estate operating platform focused on major metropolitan areas across the Sun Belt. Led by seasoned professionals with deep knowledge of markets and conditions, as well as an expansive vision for seizing new opportunities, PENLER uses best-in-class investment, development, and asset management processes. For more information, visit www.PENLER.com.
