Commercial Real Estate, Capital, Insurance, Leasing & Management

Tampa’s Westshore Marina District has sparked an apartment boom nearby

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Hundreds of new apartments are planned or are under construction along West Shore Blvd. south of Gandy Blvd.

Excerpted from Tampa Bay Times story.

TAMPA — Where developers dare to tread, other developers soon follow.
As hundreds of apartments begin to fill in the new Westshore Marina District, another apartment boom is underway south of the district along West Shore Boulevard. A Swedish investment group broke ground this week on a 444-unit community near the Port Tampa City Library. The nearby 192-unit Harbour at Westshore is almost finished. And construction of 585 units is underway at Bowery Bayside. 

The flurry of work reflects the success of the Marina District and demand for rentals convenient to downtown Tampa and MacDill Air Force Base. 

“The Marina District has had a challenging path through the Great Recession but now that it’s turned the corner and coming alive as a mixed-use district, it is not surprising to see more development happening in the immediate area,” said Darron Kattan, an expert on multi-family housing for the brokerage Franklin Street. “It’s difficult to be a pioneer but settlers are plentiful.”

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