PALMS AT BALLAST POINT & SUN BAY APARTMENTS
business plan & results
site & Project
South Tampa is one of the highest barrier to entry locations in Tampa MSA with limited in-fill development opportunities, and only 15 units scheduled to deliver in the next eight quarters. The immediate area boasts outstanding demographics within a 3-mile radius, with an average household income of $111,252 and 30% of households earning more than $125,000 annually. In addition, home values have soared over the last decade, with homes selling at an average median between $575,000 and $1,380,000 – further driving the demand for renting.