Tampa, Florida (October 27, 2020) – Land Advisors Organization’s Tampa Bay office is pleased to announce the sale of a 19.74-acre, multifamily development parcel of land located at 7950 Park Boulevard in Pinellas Park, Florida to Birmingham, Alabama based, LIV Development.
Nancy Surak, Senior Land Advisor and Managing Broker for Land Advisors Organization Tampa Bay arranged the sale on behalf of the seller, Huntley Properties, LLC.
“Outside of downtown St. Petersburg, Pinellas County is significantly under supplied for new residential housing. This project will deliver much-needed new, high-quality housing in the heart of Pinellas Park, FL,” said Nancy Surak. “Multifamily housing adds to the diversity of housing stock for current and new residents and we are excited about being involved in this project.”
Pinellas Park has been transitioning as it relates to commercial and residential real estate over the past several years. This brand-new community on Park Boulevard will further redevelopment efforts in the City of Pinellas Park bringing with it numerous jobs. LIV Development closed the sales transaction in September and recently broke ground. The first units will be delivered in 4th quarter 2021.
“The availability, access and affordability of housing is crucial to the future success of any family or business relocating to a new area. The City of Pinellas Park has been working diligently to foster redevelopment of several key areas of the City. We were pleased to work with Huntley Properties LLC, Land Advisors Organization, and LIV Development on this extraordinary residential development. Once completed this project will revitalize the neighborhood and provide much needed new housing options that will not only attract new residents and businesses, but further the continued investment into our growing community,” said Shannon Coughlin, CPM, City of Pinellas Park Economic Development Manager.
Nancy Surak specializes in land advising and land sales throughout Tampa Bay for Land Advisors Organization. She recently celebrated closing over $170,000,000 in land transactions and being awarded the Overall Commercial Real Estate Deal of the Year.