TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the NoHo Flats development site; a new 311-unit, loft-style apartment community being built on roughly 8.5 acres within the North Hyde Park district located near downtown Tampa, Florida.
According to Richard D. Matricaria, Regional Manager of the firm’s Tampa office, the site commanded a sales price of $4,888,817.
Casey Babb (top right photo), CCIM and Paul Bouldin (middle left photo), both senior associates in Marcus & Millichap’s Tampa office, acted in a transactional brokerage capacity to help facilitate the sale between the Tampa-based seller, Hyde Park Realty Group, LLC and the buyer, Atlanta-based Pollack Shores Real Estate Group.
North Hyde Park is an urban, mixed-use redevelopment of what has traditionally been an industrial neighborhood generally located along Rome Avenue just north of Kennedy Boulevard.
In 2006, nearly 15 acres were assembled and entitled for 1,500,000 square feet of residential and commercial space and the NoHo Flats will become the second major apartment development within the site.
The project will be built on roughly 8.5 acres encompassing three city blocks and will offer market-rate, loft-style apartments within three and four-story buildings with surface parking and a host of community amenities.
Press Contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
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