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JV Eyes Spring Start for $42M Multifamily Plan

TAMPA, FL-Pollack Partners and Mainsail Development Group plan to construct a 320-unit multifamily development in Westshore.

By Natalie Keith | Updated on November 21, 2007

(Read more on the multifamily market.)

TAMPA, FL-A joint venture of Atlanta-based Pollack Partners and locally based Mainsail Development Group plan to begin construction in spring 2008 on a 320-unit multifamily development near the Westshore submarket. The project carries a $42-million construction price tag.

The project, which has not yet been named, will include three buildings that are three or four stories high. It will have one- and two-bedroom apartments with features including 9-foot ceilings, tiled and carpeted floors and individual heating and air conditioning units. Complex amenities include a clubhouse, theater room and business center. “There has been little apartment development in the area in recent years, and we feel this is a great opportunity,” says Pollack Partners chairman and CEO Marc Pollack, in a prepared statement.

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