Real estate firm’s Pointe at Clearwater named “Renovated Property of the Year” following multimillion-dollar improvement program
TAMPA, FL (Oct. 14, 2022) – Beacon Real Estate Group, the Miami-based commercial real estate firm with an expansive portfolio across the Sun Belt, is bringing new life to a 1970s vintage apartment community in the Tampa MSA through extensive renovations and upgrades. The firm’s $4.62 million capital improvements program at The Pointe at Clearwater community has resulted in prestigious real estate industry recognitions.
Since acquiring the 252-unit community at 2554 Oak Trail South in April 2021, Beacon has completed many enhancements and rebranded the community (formerly known as the Columns at Allen’s Creek) with a new name, logo and graphic design elements.
Interior improvements to The Pointe at Clearwater’s one and two-bedroom apartment homes include new stainless-steel appliances, quartz countertops, high-end cabinetry, sink, hardware and fixtures, subway tile backsplashes, luxury vinyl wood flooring and patio screens.
The property’s exterior was re-skinned with new siding and manicured landscaping. Exterior upgrades will include a remodeled clubhouse with new furniture, 24-hour fitness center with state-of-the-art equipment, re-imagined resort pool area with a new deck, furniture and grilling station for residents to enjoy and socialize with friends and family.
The pet-friendly Pointe at Clearwater also features tennis courts, a sand volleyball court, picnic area, laundry facility and car wash station. It is located near public transportation and 10 minutes from the St. Pete-Clearwater International Airport.
Clearwater experienced 44% apartment rent growth in 2021, according to Apartment List. That is substantially higher than the 18% national average.
“When evaluating key indicators, such as population, employment and wage growth, Clearwater checks all the boxes,” Beacon CEO Richard Kulick said. “The city is booming, along with the entire Tampa/St. Petersburg region.”
Beacon owns more than 7,000 multifamily units in the Southeast U.S., with a strong focus on secondary markets. The company’s portfolio also includes nearly 1 million square feet of office and retail properties in the region.
Property images: https://www.dropbox.com/scl/fo/d180kg6txyiuqgms2xvpd/h?dl=0&rlkey=we5s14zuzc8lti73qmcakgmxo
