Connect with us

Clearwater apartments sell for $77.25 million

December 19, 2019 - Castle Lanterra Properties, a New York-based national real estate investment firm, has bought Vue at Belleair, a newly constructed 339-unit luxury garden apartment community in Clearwater. Castle Lanterra purchased the property from developer Flournoy Companies for $77.25 million, or $227,876 per unit, according to CityBizList. Cushman & Wakefield negotiated the sale. Castle Lanterra generally invests in value-add properties, but the company said the newly built Vue at Belleair "represents a remarkable opportunity given a lack of new, high-quality housing in the immediate area and a range of positive demographic shifts occurring more broadly in the Tampa Bay area."

More Zaps Frontpage

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us:

Subscribe for Free

Share with friend

Enter the details of the person you want to share this article with.