Luxury Max

Traffic making use of Azeele Street to avoid downtown Tampa roads can't help but notice the five-story multifamily tower going up between South Packwood and South Rome avenues.

Broadstone at Hyde Park is a planned 259-unit luxury apartment complex developed by Phoenix-based Alliance Residential Co., where rents are expected to run as high as $1.56 per square foot. That's more than 50% higher than the typical $1 per square foot rent for apartments in the Tampa Bay area.

It's one of two major projects Alliance has under construction in the Tampa Bay region, with a 240-unit complex also underway in Clearwater.