Atlanta developer buys land, takes $45M loan for Tampa apartments


  • By Louis Llovio
  • | 2:55 p.m. November 5, 2024
  • | 0 Free Articles Remaining!
Atlanta developer planning 330 apartment units in Tampa's Temple Terrace.
Atlanta developer planning 330 apartment units in Tampa's Temple Terrace.
Image courtesy of Colliers
  • Tampa Bay-Lakeland
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An Atlanta developer has bought a 32.34-acre site in Tampa’s Temple Terrace and plans to build a 330-unit apartment community on the site. 

The buyer is Impact Development Management, which is developing the property with an unnamed institutional equity partner.

The purchase was announced by Colliers, which represented the seller, a Manhattan LLC that paid $5.3 million for the property last year.

 

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