Pair of Tampa apartment projects sell for $100 million plus

Novel Riverwalk, 500 Harbour Island demonstrate investor belief in the resiliency of the region's multifamily rental market

  • By Kevin McQuaid
  • | 6:00 a.m. September 27, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Northwestern Mutual acquired 500 Harbour Island for $103 million, one of a pair of major apartment trades to take place this month in downtown Tampa.
COURTESY PHOTO — Northwestern Mutual acquired 500 Harbour Island for $103 million, one of a pair of major apartment trades to take place this month in downtown Tampa.
  • Commercial Real Estate
  • Share

A pair of high-profile Tampa apartment projects have sold for in excess of $100 million, a sign of continued optimism in the city’s multifamily rental sector on the part of investors.

Novel Riverwalk, a 394-unit complex downtown at 109 W. Fortune St., sold for $123 million to Dayton, Ohio-based The Connor Group.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 13, 2025
Report: Small business optimism up, but worries percolate
  • December 12, 2025
CEO of Bradenton EDC announces retirement
  • December 12, 2025
Manatee County to break ground on $40M veterans complex
  • December 12, 2025
Moez Limayem confirmed as USF’s new president

Sponsored Content