Crescent Communities Buys 5.2 Acres for Proposed Residential Development
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Crescent Communities LLC acquired 5.24 acres of vacant land located at 109 W. Fortune St. in Tampa, FL from Denholtz Associates for $ 8.1 million, or approximately $ 1.55 million per acre. The land will be used to develop a proposed five-story, 394-unit multifamily complex which be called Crescent Communities. Construction is expected to be complete by Q4 2017. The buyer and seller utilized in-house representation on the land sale. Please see…
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