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Downtown Tampa apartments Metro 510 filling up quickly

Downtown Tampa's newest apartment complex is quickly filling up.

The Metro 510, a 120-unit apartment project wrapped around the historic St. Paul African Methodist Episcopal Church at Harrison and Morgan streets, leased nearly half the units in less than two weeks after going on the market.

Prices range from $588 a month for a one-bedroom unit to $808 for a three-bedroom unit. Sage Partners, the complex owner, is targeting service workers and entry-level employees who cannot afford luxury units in luxury towers.

Debra Koehler, president of the firm, said its marketing focused on downtown employers, adding: "I was hopeful it would go this quick. It went viral."

Despite the lackluster economy and a generally stagnant housing market, empty-nesters, young professionals and retirees are jostling for condos or apartments as soon as they hit the market in downtown Tampa.

Sage Partners is also holding a grand opening at 10:30 a.m. Oct. 19 for Vista 400, a newly renovated senior community in downtown at 400 E Harrison St. Prices range from $629 for a studio apartment to $699 a month for a one-bedroom unit. The building is restricted to people 55 and older or disabled. The firm spent nearly $6 million renovating the 40-year-old building.

Downtown Tampa apartments Metro 510 filling up quickly 10/07/11 [Last modified: Friday, October 7, 2011 8:42pm]
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