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$100M Preserve at Alafia Switches Gears to Rental

TAMPA BAY, FL-Market conditions spur Garrison Developer Group of Florida to change its $100-million waterfront multifamily project to apartments instead of condominiums, as originally planned.

By Melissa Kress | Updated on October 11, 2007

(Read more on the multifamily market.)

TAMPA BAY, FL-While the original plans for the Preserve at Alafia called for luxury condominiums at the waterfront community, Garrison Developer Group of Florida has switched gears and is now developing a luxury rental community. Local housing needs and market fundamentals spurred the decision, according to Rey Ortega, president of GDG.

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