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FCP, Aventon Forge JV on Clearwater Apartments
FCP and Aventon Companies formed a joint venture for the development of Aventon Clearwater Apartments in Clearwater, FL. The 396-unit, Class A multifamily community will feature three-story buildings on U.S. Highway 19, and convenient access to major employment centers, retail, and nearby Gulf Coast beaches.
“Aventon Clearwater is an outstanding opportunity for FCP to invest in our first joint venture with the Aventon Companies, a highly respected apartment developer,” said FCP’s Bruce Gago, who heads the firm’s Florida office as VP—acquisitions. “We believe this new ground-up multifamily development comes at a critical time to help alleviate the general housing shortage.”
The property is situated within a mile of Whole Foods, Fresh Market, Publix, and other retail amenities. It’s also nearby employment center in Pinellas County, including BayCare Health Systems, Mease Countryside Hospital, Morton Plant Hospital, the Lockheed Martin Tactical Facility, and Tech Data Corporation.
Rendering courtesy of Innovations Design Group.
- ◦Development
