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Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Sixty90, a land site with an opportunity to develop a 4-story wrap construction with 4-story structured parking apartment community directly on Central Avenue in booming St. Petersburg, FL. The site sits on 3.01+/- acres with 615+/- linear feet of frontage on Central Avenue. Current ownership has submitted and obtained city approval for current site plans and architectural drawings. The proposal includes 204 multifamily units averaging 992 rentable sq. ft. and 5,000 sq. ft. of ground floor retail. Current owners have contributed over $350,000 in on-site sanitary work and completed all the architectural, civil, survey, geotechnical, and environmental work. Sixty90 features a unique and advantageous location between Downtown St. Petersburg and St. Pete Beach. There is limited new supply that can compete with the proximity to both these demand drivers. Furthermore, Sixty90 will benefit from being in one of the best-performing multifamily submarkets in the U.S.
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Destaques do investimento
- Site Plan & Building Permit Approved Resulting in Lower Development Soft Costs
- Unique Well-Positioned Amenities Include Golf Simulator, Resort-Style Courtyard Pool, Creative Workspace, & More
- High Barriers to Entry - 0 Units Under Construction in 3-Mile Radius
- 4-Story Concrete Block Wrap-Style Construction
- 5,000 Sq. Ft. of Ground Floor Retail
- 11,000 Sq. Ft. of Total Amenity Space
- One, Two, and Three-Bedroom Floor Plans
- Spacious Units - 992 Average Sq. Ft.
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