A waterfront parcel located just south of Gandy boulevard in South Tampa has sold for $15.5 million. The project is called Broadstone Westshore and will feature 285 apartments, 40 townhomes, a parking garage, pool, clubhouse, and dog park. The location of the planned development is 5105 W. Tyson Ave near West Shore Boulevard.

The project will be led by Arizona’s Alliance Residential Company. They have developed several properties including the Bleecker Hyde Park and Citrus Village Apartments. The land was previously used as above-ground fuel storage, but an extensive environmental inspection of the land revealed no concerns to developers. Alliance’s Broadstone properties are dubbed as ultra-luxury and have been built in Pompano Beach, Plano, Texas, and Phoenix Arizona.

It is hoped that ground will break in the upcoming weeks, and that the property will open in late 2024. Alliance says it plans to rebuild the seawall and elevate the grade on the land for the apartments to adhere to FEMA standards. 

Source Information: Tampa Bay Business Journal