Multifamily firm builds on Florida momentum

Florida multifamily development executive Kurt Kehoe isn’t running scared.

Scared, that is, of an apartment sector bubble that could wreck ambitious plans his firm, Cleveland-based NRP Group, has for Florida, specifically the state’s west coast. The firm recently opened one project, Allure at the Gateway, a 274-unit, $48 million apartment community in Pinellas Park. That development marked NRP Group’s 10th Florida project since entering the state in 2010. Two more, one in downtown Bradenton and one in downtown St. Petersburg, are scheduled to open in the coming months.  The firm has other projects in the works in Lee and Pasco counties, and another in Manatee County, near IMG Academy.