Well-known multifamily developer Aventon Companies has closed on a 22-acre property, formerly a mobile home park, to build a large apartment complex.
North Carolina-based Aventon Companies, which has projects throughout the mid-Atlantic and Southeast, purchased the property 24479 U.S. Highway 19 N. in a $15.56 million deal from Southern Comfort Park Inc. on Sept. 21, according to Pinellas County records.
Construction has already started on the new apartment complex dubbed Aventon Clearwater.
The complex will have 10 garden-style buildings. The units have one to three bedrooms and range from 752 square feet to 1,488 square feet.
There will be over 8,000 square feet of covered amenity space that includes a state-of-the-art fitness center and yoga studio, coffee bar and pet spa, resort-style pool, a hammock garden, outdoor kitchen, walking trails and a dog park.
Due to the spike of the work-from-home era, the complex will also have on-site offices and communication spaces “along with automated package delivery,” according to the description.
Aventon Clearwater is being developed through a joint venture with Maryland-based private equity firm FCP. Aventon Clearwater also took out a $59.1 million mortgage from Wells Fargo Bank National Association for the land purchase, according to county records.
Orlando-based Scott + Cormia Architects are leading the design of the buildings while the interiors will be finalized by Winter Park-based Beasley & Henley Interior Design.
The project will be completed in the summer of 2023.
Aventon Companies has multiple apartment complexes in Central Florida and is planning to develop an apartment complex in Tampa, according to its portfolio.