Sales have started on the final piece of a new three-tower residential development under construction in Tampa’s Westshore Marina District.
The sales are for condos in the 105-unit third tower which BTI Partners, the Fort Lauderdale development and investment firm, says will top out at more than $6 million.
Work is expected to begin on the tower later this year and for it to be complete by 2027, according to a spokesperson.
The Westshore Marina District is a 52-acre mixed use community just off the Gandy Bridge in Tampa. It is anchored by Marina Pointe and a 70,000-square-foot retail center.
(BTI sold the retail center last year for $13 million.)
The first tower, which has 118 condominiums and seven townhouses, is open, and residents have begun to move in. Tower two is set to begin construction this year and will have 151 units ranging from 1,100 square feet to 3,300 square feet.
As for tower three, its 105-units will range in size from 1,600 square feet to 3,700 square feet. Units are selling from $900,000 to more than $6 million.
Between the three towers, Marina Pointe is just under 50% sold out, according to a BTI spokesperson. There are reservations on 15% of the units on tower three, the spokesperson says.
In addition to the retail and residential components, the development also has a private 150-slip full-service marina on a 13-acre water basin.
BTI says condo owners can buy a slip for their boats at the marina, which fits vessels from 40 feet in length to 90 feet in length.