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The program provides home sellers with home improvement resources prior to or during the home listing period with no up-front costs or interest charges, the partners state.
Westside acquired the property for $29.5 million and intends to invest up to $5 million in capital improvements, while rebranding the property "Westshore Crossing."
The Oak Ridge Apartments, a 137-unit, garden-style, multifamily asset in Largo, which includes apartments and townhomes, sold for $15.9 million, or $116,350 per unit.
WebFX received a funding proposal from the Department of Community and Economic Development for the project. The proposal includes a $250,000 Pennsylvania First grant and $126,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.
The opening of the Conn's HomePlus Lakeland distribution center in August 2020 will create approximately 50 new full-time jobs, with an estimated 720 additional statewide jobs generated as the retail showrooms open.