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Developer proposes apartments and garage near University of Tampa

 
Published April 25, 2015

TAMPA — A South Florida developer wants to rezone 2.5 acres south of Kennedy Boulevard near the University of Tampa for an apartment block with 272 units and more than 500 parking spaces.

Altman Development of Boca Raton proposes to put the project just south of the triangular block that's home to Mise en Place and the Oxford Exchange.

The site is bordered by Grand Central Avenue on the north, W Cleveland Street on the south and S Magnolia and S Cedar avenues on the west and east. Currently, most of it is covered by parking and three small office buildings.

Developers say in plans filed at City Hall this week that the project's location will fill a need for multifamily housing near the university and downtown. As proposed, the project would include 236 one- or two-bedroom apartments and 36 efficiencies, which would need an estimated 458 parking spaces. Exterior drawings show stucco-finished buildings ranging from five to about seven floors.

Altman also proposes to build a 526-space garage — big enough to allow for agreements with other businesses to use some of the additional spaces. Entrances to the garage would be along Magnolia and Cedar avenues.

A public hearing on the proposal is expected to be scheduled for mid August.

Altman has developed and acquired more than 21,000 units, mostly in South Florida, Orlando and Michigan. It has done two projects near Tampa: Altis Grand Cypress in Lutz and Altis Highland Park near Citrus Park. In February, the company said it sold the Lutz property, with 304 apartments, along with three other properties in South Florida for $223 million.