Index Investment Group secured a $103 million of non-recourse construction takeout financing with H.I.G Capital for a 444-unit multifamily rental property, The Pointe on Westshore, in Tampa.
Located at 4950 West Prescott St. in Tampa on a 23-acre parcel of land, The Pointe on Westshore will have 27 buildings across 689,250 sq. ft. upon completion. The property consists of six five-story elevator buildings, 14 carriage buildings, a clubhouse and leasing center, and a pool house. There will be garages on the ground floors of the residential buildings in addition to open paved parking spaces for a total of 807 spots.
The one-, two-, and three-bedroom apartments will feature vinyl plank flooring, walk-in closets, ceiling fans, designer light fixtures, full-size washers and dryers, private patios or balconies, stainless-steel kitchen appliances, and high-end bathroom finishes. Residents will also benefit from a resort style heated swimming pool and heated lap pool, a clubhouse with leasing offices, a game room, demonstration kitchen, mail center and package room, fitness center, dog park, and indoor and outdoor gathering areas.
