(To read more on the multifamily market, click here.)
TAMPA, FL-Atlanta-based Wood Partners Inc., which already hascarved a niche for itself in Central Florida multifamilydevelopment circles, plans to break ground in July on its secondDowntown Tampa venture. The 343-unit, eight story Boulevard Condos,along with 5,000 sf of ground-level retail, will go up at SouthBrevard Avenue and West Kennedy Boulevard.
The retail component will face Kennedy Boulevard. Condo homes,sized from 715 sf to 1,448 sf, will be priced from the low$200,000s with the average price at $300,000. One home is priced at$1 million. Coldwell Banker the Condo Store is handling sales andmarketing. A Wood Partners' representative tells GlobeSt.com thebuild-out value of the project is expected to be $87 million or anaverage $253,644 per unit.
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