A group of approximately 80, including local dignitaries, stakeholders and neighbors, are expected to gather at 10 a.m. August 23 for the official groundbreaking of Manor Riverwalk, an eight-story apartment complex that will replace the building that once housed The Tampa Tribune on the city skyline.
The ground has been leveled and construction has “gone vertical” at 202 South Parker Street on the Hillsborough River’s west side downtown, according to Arturo Peña, VP of Development for Miami’s Related Group, the project’s developer.
“We have our financing in place. We are underway,” Peña says. “We think that’s a huge iconic addition to the Tampa skyline.”
Cranes are on the site of the project, where rents will average $2,700 a month in 400 units, and the first floor of columns are in view.
Manor Riverwalk is expected to include a 400+ feet river trail to connect with similar paths on the west side of the Hillsborough River downtown. “The RiverWalk is a technical term that the city uses on the east side,” Peña says. “We’re continuing the river walk on our riverfront [on the west].”
Related has granted an easement to the city of Tampa so that all citizens can enjoy the pathway, which will be routed around a night-time roost for birds on the southeast portion of the property.
“The birds come in at night to sleep,” he says. “They’re out by morning.”
Leasing is scheduled in the last quarter of 2018, with apartments ready for occupancy during the first quarter of 2019. The average size is 1,030 feet, a bit larger than originally planned, because the company has opted for some units.
“We wanted to beef up the ones on the end and really take advantage of what we think are great views,” he explains.
Related Group is investing some $350 million in four Greater Tampa area projects. “We’re very bullish on Tampa’s growth,” he says. “We love the leadership of Mayor [Bob] Buckhorn. ... They really help you want to do business in Tampa.”
In August, Related secured a $52 million construction loan to develop the 396-unit Town Westshore rental community, which already has broken ground. It is preparing for move-ins at its 340-unit Icon Harbour Island luxury development. Related also is partnering with the Tampa Housing Authority on the150-acre redevelopment project on the west bank of the Hillsborough River, West River, that will further efforts to rebuild the neighborhoods on the edges of downtown Tampa.