Tampa High-Rise Condo Launches with $73M Construction Loan
JLL has arranged a $72.5-million construction loan for the development of Altura Bayshore, a 73-unit, high-rise condominium project directly off Bayshore Boulevard in Tampa, FL.
The JLL team representing the borrower, The Ronto Group, was led by Steve Klein, Brian Gaswirth, Reid Carleton and Drew Jennewein. The loan was from MSD Partners, L.P.
With an anticipated completion date of 2024, Altura Bayshore will tower 22 stories above Hillsborough Bay and Bayshore Boulevard, which has the world’s longest uninterrupted sidewalk. The units have been designed to provide residents with sunrise, sunset and water views and open and spacious floor plans with high ceilings resembling single-family homes.
Altura Bayshore’s location on West Barcelona Street will provide residents with access to retail, entertainment, outdoor activities and nightlife. SOHO District and Hyde Park Village are both within easy walking distance, and the Downtown Tampa Arts District is just a short drive away.
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.