Dallas apartment firm buys coveted Largo tract

Purchase is part of Lantower Residential's move from acquisitions into development

  • By Kevin McQuaid
  • | 5:00 a.m. December 20, 2019
COURTESY PHOTO — Lantower Residential won a bidding competition for this 8.4-acre tract on U.S. 19 in Largo, a busy Pinellas County roadway. It is expected the Dallas company will develop the site as apartments.
COURTESY PHOTO — Lantower Residential won a bidding competition for this 8.4-acre tract on U.S. 19 in Largo, a busy Pinellas County roadway. It is expected the Dallas company will develop the site as apartments.
  • Commercial Real Estate
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Lantower Residential, a Dallas-based apartment buyer, has purchased a vacant 8.4-acre tract in Largo on busy U.S. Highway 19, where industry sources say it will likely build multifamily rental units — possibly aimed at seniors — sometime late next year.

 

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