Florida & Gulf Coast + Central Florida + Apartments | December 19, 2022

RSR Capital Advisors has determined that a 52-unit luxury condominium community will be the first project of the company’s $350 million Clearwater Marina District development.

RSR Capital Advisors’ $350M Clearwater Marina District Launches with Luxury Condo

RSR Capital Advisors has completed a land purchase in Clearwater, FL and determined that a 52-unit luxury condominium community will be the first project of the company’s $350 million Clearwater Marina District development.

RSR Capital Advisors, a Clearwater, FL-based commercial real estate investment firm, has also reached agreement with multiple sellers to purchase a total of 15 aggregated parcels in a 21-acre site that will eventually host Clearwater Marina District’s rental residential, office, retail and hotel projects.

The condo project at 708 Osceola Avenue will include both designer-ready shells and move-in ready units with pricing expected to start at $1.2 million.

“People are continuing to move to Florida and buying higher-end properties,” said Rodney Riley, principal and CEO of RSR Capital Advisors. “We also expect to get demand from people who are in older high-end homes in areas like Belleair and Clearwater Beach who would like to be in a brand-new, best-in-class condo on the water.”

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.