Arlington Properties to provide property management for $100 million luxury development in Tampa, Florida
Arlington Properties, Inc., announced that it has been awarded the property management services contract for The Point on Westshore in Tampa, Florida. The $100 million, 444-unit luxury apartment community is being developed near Tampa’s MacDill Air Force Base in a joint venture between Jupiter-based Index Investment Group and minority local partner Richard Coley.
“We are thrilled to be part of the explosive growth across Florida’s west coast,” said Mary Bradley, regional vice president, Arlington Properties, Inc. “This project is in an extraordinary area and will provide residents with all of the amenities to fully experience the Westshore location.”
Also, on the 23-acre site at 4950 West Prescott St., will be 28 carriage homes and a two-story, 11,000-square-foot clubhouse that features two pools and a fitness center and the buildings totaling 679,563 sq. ft.
“This is a truly a spectacular location, with sweeping views across Old Tampa Bay that will provide for dramatic sunsets night after night,” said Bjarne Borg, CEO of Index Investment Group. “This site is also the gateway to Port Tampa City, and will offer desperately needed housing options close to MacDill Air Force Base and Port Tampa City.”
The company joined Index Investment Group and Verdex Construction partners this past Wednesday for a groundbreaking to celebrate.
“Index Investments is a great partner, and we look forward to being a key component of their goal to bring top-quality, new residential options to Tampa,” said Rex Kirby, Verdex Construction president in a related news release.
About Arlington Properties
Arlington Properties, headquartered in Birmingham, Alabama, is a leader in the acquisition, development, redevelopment and management of multifamily and mixed-use properties. Founded in 1969, the stability and longevity of the company’s associates creates satisfying long-term relationships with owners, residents, and investors. Arlington Properties has market experience in 14 states and effectively manages over 16,000 units.
MEDIA CONTACT: DARLENE ROTCH| 205-531-5181 | DARLENE@PRVIEW.COM