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Alliance Residential Company Drops $16M on Parcel Bordering Tampa’s Westshore Marina District
Alliance Residential Company has purchased a 12-acre parcel at 5105 W Tyson Avenue in Tampa, FL for $15.8 million.
Mark Eilers and Ed Miller of Colliers represented the seller in the transaction.
“This sale represents the real demand in the Tampa market for luxury apartments,” said Eilers. “This area of town is seeing a revitalization, with the Westshore Marina District and the retail, restaurants and high-end residential development underway.”
The property is located just south of Gandy Boulevard, adjacent to the Westshore Marina District. Alliance will develop a community with 285 traditional apartments, 40 two-story rental townhomes, parking garage, pool, courtyard, clubhouse and dog park. The property has sightlines over Old Tampa Bay, Florida’s largest open water estuary.
Westshore Marina District is a 52-acre mixed-use project entitled for 1,750 residential units, 156,250 square feet of retail, 83,750 square feet of office, 200 hotel keys and 185 to 240 marina slips on 1.5 miles of waterfront.
- ◦Development
