Developer buys nearly 2 acres in Tampa to build student housing complex

A New York commercial real estate developer has purchased nearly 2 acres next to the University of Tampa and plans to build student housing on the property.

Commercial Street Partners paid $11.5 million for the 1.82-acre parcel of land at 311 N. Newport Ave.

The site is already approved for an eight-story building with 150 units, 576 beds and 303 structured parking spaces. The Rochester-based developer is planning to build two-, three-, four- and six-bedroom units — each unit will get its own bedroom. Among the amenities will be a third-floor pool and a rooftop lounge both overlooking the campus.