5101 Bruce B. Downs

Wesley Chapel, FL

Property Characteristics

  • 16+ acre site with opportunity to build a 4-story surface parked garden style apartment community in a highly desirable area near employment, retail, and access to I-75
  •  The Site is now fully entitled and currently in the design development phase with plans to break ground in Q2 2022

Acquisition

  • November 2021

Investment Opportunity

  • Wesley Chapel placed a moratorium on new development, and this may be the last multifamily development approved for a while without a significant mixed-use component
  • Tampa is one of the fastest growing metro areas in the United States; recently ranked first in the Southeast for net migration by Bloomberg and 3rd in southeast for 10-year job growth