The rental and mixed-use division of The Related Group is ready to start construction of six projects in Tampa, Orlando, Atlanta and Palm Beach County in the next 60 days.
The projects include rental, mixed-use and commercial developments and add about 2,000 units to the existing pipeline of Miami-based Related.
“Unique demographic demand drivers and a shift away from home ownership into rentals will continue to fuel absorption of new units at the forecast production pace,” said Steve Patterson, president and CEO of Related Development, said in a prepared statement.
Here are details on the six projects:
Tampa Tribune: At the site of a newspaper building at 202 S. Parker Street in Tampa on the western bank of the Hillsborough River, a mid-rise residential development will rise with 399 units plus three courtyards, a fitness center and a club lounge. Completion is expected in 2017.
Whole Foods in Atlanta: The Whole Foods location at 22 14 Street Northeast in Atlanta is the second phase of Related’s 390-unit Apogee Midtown development. The 77,000-square-foot Whole Foods will go up next to a building with 28 residential levels above a 9-story, 642-space parking garage.
Apogee Buckhead in Atlanta: Apogee Buckhead is located in the heart of Buckhead, Atlanta’s premier shopping district. The mixed-use project’s first phase is a 35-story tower comprised of 362 residential units above three levels of commercial retail and office space. The residential property at 3372 Peachtree Road Northeast in Atlanta will also feature a rooftop club room with an outdoor terrace and amenity deck atop the parking garage on the 7th floor of the tower. The property is scheduled to open in late 2018.
Town Southern in Royal Palm Beach: The 29-acre Town Southern location is just south of Southern Boulevard in Royal Palm Beach. The 381,986-square-foot project will include 392 multifamily garden-style units with attached garages. Completion is estimated in the third quarter of 2018.
Town Maitland at Trelago in Orlando: The 350-unit development will consist of two-story residential units along a lake, with attached garages on the first floor. Three-story garden-style apartments will be at the center of the development. Residents of each three-story building will have access to shared courtyards.
Town at Westshore Marina District in Tampa: The four-story mid-rise apartment development in Tampa’s West Shore neighborhood includes 396 units on a bit more than eight acres of land. Amenities will also include fitness and yoga studios, saunas, massage treatment rooms, E-lounges, executive dining rooms and concierge services.