N.C. developer starts work on $68M complex

Charlotte, N.C.-based developer Crescent Resources LLC has started site work for a new 367-unit apartment community in Tampa. The $68 million multifamily project, located at 319 Bayshore Blvd., is called Circle Bayshore.

“This extraordinary location is ideal for multifamily residential with its close proximity to the water, entertainment and dining venues,” Brian Natwick, president of Crescent Resources' multifamily division, says in a press release.

Vertical construction is scheduled to start sometime in the next 30 days and the entire project is expected to be completed in the first quarter of 2014.