• Wed. Jun 23rd, 2021

Real estate firm plans 205-unit, gated apartment community | Business Observer

TAMPA — Atlanta-based multifamily real estate firm Penler, which bought a Manatee County apartment complex for $48.11 million last year, recently announced plans to build a new apartment community in South Tampa.

The gated community, with 205 units in two- and three-story buildings across nearly 11 acres, is in the Westshore Marina District, six miles south of Hyde Park, according to a statement. Construction is scheduled to begin immediately, the release adds, and the first apartment homes will be available in the early summer 2022. The project is the third one for Penler, founded in early 2019.

“We are thrilled with the opportunity to bring this high-quality project to an infill South Tampa location,” Penler Managing Partner Brian Metzler says in the statement.

The community, at 6603 S. Trask St., will offer one- and two-bedroom apartments featuring open floor plans and nine-foot ceilings, efficient kitchens with upgraded appliances and quartz countertops, wood grain plank flooring and ceiling fans, the release states. Amenities include a resort-style pool, outdoor gas grills, a package locker for deliveries, a clubhouse, lounge and business center and a commercial caliber fitness center featuring a cardio and yoga/spin area. The architecture is Old Florida-inspired and the site plan features three courtyards, a public pocket park and a dog play area.

“We have two more developments in the pipeline, which we plan to start later this quarter,” Managing Partner Graham Carpenter adds in the release. “We anticipate a very busy 2021.”

Penler’s other active developments include apartments in Nashville and The Parker in northern Metro Atlanta. Last fall, Penler acquired Tradition at Palm Aire, a 248-unit apartment community in Manatee County. The company also owns an asset in Uptown Charlotte.