Related Group is betting big that Tampa's condo and rental apartment market is poised for exponential growth in coming years—a Gulf Coast contender ready to challenge Florida's Atlantic Coast heavyweight, Miami.
The Miami-based developer, which has completed construction on more than 2,000 residential units in Tampa, is planning to spend up to $3B on its rapidly expanding pipeline in the city in the next few years, CEO Jorge Pérez told the Tampa Bay Times.
"It's a city that wants to be great," Pérez said, in a recent interview with the newspaper. "We see it as definitely becoming the second-most-important city in Florida, competing with the South Florida area."
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