Property for Sale - Available Immediately

314 Multifamily Units in Tampa's Hottest Submarket

Overview

The Pearl is a unique 314-unit mixed-use asset with 27,418 sq. ft. of ground-floor retail spread across 11 spaces. The Pearl is perfectly positioned on the northern end of Tampa’s Riverwalk, where Tampa’s most innovative and most visited food hall is now located (Armature Works). This core, 2018 construction asset will provide an investor with sizable and consistent returns through a positive resident retention rate, significant rental increases from well-below competitor lease-up rents, and natural appreciation by being immersed within $5+ billion in future developments.
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Location Description

Across the street from Armature Works - Tampa’s newest and most popular mixed-use entertainment development The Heights Union (also across the street) - a $1.0+ billion development which will include 300,000 SF of office space, 42,000 SF of ground-floor retail, 1,500 car garage, Moxy Hotel, and a public park Unparalleled access to Downtown Tampa’s “Riverwalk,” ranked Downtown’s #1 asset by the Tampa Downtown Partnership “Riverwalk” access to Water Street - Tampa’s $3 billion development by Jeff Vinik and Bill Gates “Riverwalk” access to Water Works Park, Straz Center for the Performing Arts, Amalie Arena (home of the Tampa Bay Lightning), Florida Aquarium, Sail Pavilion, Curtis Hixon Park, and Port Tampa Bay 522,000 SF of office space under construction in Downtown Tampa Future plans to connect the Riverwalk on the west side of Hillsborough River to the West River Redevelopment District West River Redevelopment - 99,000 SF of retail, 77,000 SF of office, 48,000 SF community center, 2,000+ residential units Five minutes to Historic Ybor City 0.9 miles from Julian B. Lane Riverfront Park - $40 million renovation completed in 2018 Two minutes to University of Tampa - 69% ten-year enrollment growth, $160 million expansion plan One minute from Blake High School - Received Magnet School of Distinction Award 10 minutes from two major hospitals (Tampa General and St. Joseph's Hospital)

Pricing Information

FOR SALE

Contact Broker for Pricing

Photos

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