NC apartment developer buys Pasco County land for $5M

Aventon Cos., a North Carolina multifamily developer, has bought 13.58 acres in Pasco County, where it plans to build an apartment community.

The property is at 8620 Decubellis Road in New Port Richey and sold for $5 million.

Colliers, which represented Aventon in the deal, says construction has started and leasing is expected to begin July 2027.

The new apartments will be in the 1,000-acre New Port Corners master planned community off of Little Road and east of U.S. Highway 19 North.

Aventon Eva, as the community will be called, will have 270 units in three-story garden-style buildings. There will be one-, two-, and three-bedroom floor plans with a community emphasis on indoor-outdoor living and modern conveniences, Colliers says in a statement.

The new complex will be Aventon’s eighth in Florida and third in the Tampa market.

Since 2019, the Raleigh developer has built a $2 billion portfolio of ground-up developments, delivering nearly 9,000 Aventon- branded communities in Georgia, the Carolinas and the Mid-Atlantic, along with Florida.

Colliers’ Casey Babb, Shawn Rupp, Mark Eilers and John Ruscigno represented the buyer.