Tampa

Prosper Group Gets Approval For 40-Unit Townhome Community In Carrollwood, Tampa

Prosper Group, a real estate investment and development firm, has received approval for a ground-up construction project of 40 high-end townhomes in Tampa. This marks the first deal announced by Prosper Group in Tampa. Located at 8419 and 8425 North Hubert Ave in the Carrollwood neighborhood, the construction site is 3.1 acres or 85,000 sq ft of living space. Construction of the townhomes is set to be completed by Spring 2024.

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Related Group Acquires 6-Acre Assemblage In Tampa, Plans Mixed-Use Development With 1,079 Units Along Hillsborough River

Earlier this month, Miami-based real estate developer and acclaimed condo king Related Group purchased a 6-acre assemblage west of the Hillsborough River in Tampa for just over $55 million from Hillsborough River Realty Corp. The recently acquired assemblage comprises 4 parcels of land and includes a 2.19-acre site at 102 South Parker Street, a 1.83-acre site at 101 South Parker Street, a 1.75-acre site at 108 Cedar Avenue and a .53-acre site at 110 Keller Avenue, totaling 274,428 square feet of floor area. Related plans on transforming the property into a massive mixed-use development with multiple buildings and yielding 1,079 residential units, 32,760 square feet of retail space and as many as 10 boat slips. The property sits south of Related’s Arabelle Riverwalk apartment complex and across the river from Downtown Tampa.

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