Miami-based firm raises $21.5M for community development district in Tampa

Proceed from the bond issue are expected to fund construction of new roads, sidewalks, parking garages and other public infrastructure projects

TRD MIAMI /
Sep.September 24, 2017 03:00 PM

The Heights area of Tampa is located northwest of the city’s downtown.

Miami-based FMSbonds Inc. raised $21.5 million of tax-exempt bond financing to help the Tampa-based Heights Community Development District fund the construction of public infrastructure.

Proceeds from the bond issue conducted by FMSbonds are expected to fund construction of new roads, sidewalks, parking garages and other public infrastructure projects in the 43-acre Heights Community Development District.

Tampa-based SoHo Capital, a private equity firm, is the company behind the planned development of the Heights area, which includes construction of a boutique hotel and a residential project, plus offices and retail space.

“The epicenter of this mixed-use development is the historic Armature Works building, which is being transformed into the Heights Public Market, event hall, and co-working space,” said Adam Harden, co-founder of SoHo Capital, in a prepared statement.

The Armature Works, part of the first phase of the Heights development, is expected to open in November.


Related Articles

arrow_forward_ios
Shoma Group CEO Masoud Shojaee and a rendering of Ten30 South Beach

Shoma nabs $18M construction loan for condos near Lincoln Road

Rendering of Wynwood 28 and Laurent Morali 

Kushner lands $18M loan for Wynwood projects

Matt Rieger and a rendering of Paradise Lake Apartments

Developer scores financing for West Kendall affordable housing project

Wynwood 25 and Wynwood Annex with Jon Paul Perez and Jonathon Yormak (Credit: East End Capital/Related Group)

Related, East End score $136M refi of Wynwood projects

These real estate power players are involved in 2019’s juiciest lawsuits (Credit: Getty Images)

Here are South Florida’s juiciest lawsuits of 2019

Best of TRD 2019 promo

Coming soon: The Real Deal’s Best of 2019

Madison Realty Capital'a Josh Zegen and Fort Partners' Nadim Ashi  

Four Seasons in Fort Lauderdale scores $210M loan

Rendering of the project and John Catsimatidis (Credit: Arquitectonica via Tampa Bay Times)

Catsimatidis scores approval for $300M tower in St. Petersburg

arrow_forward_ios
Loading...