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Advenir Capital's $93.5M BTR Community Begins Development in Tampa - St. Pete Metro Area

Advenir Capital's $93.5M BTR Community Begins Development in Tampa - St. Pete Metro Area
Traded Media
by Traded MediaShare

The wheels are set in motion for a new venture as Miami-based Advenir Capital, LLC embarks on its latest build-to-rent (BTR) community project - LEO at Cypress Creek, with development officially commencing this month.

A promising partnership has taken shape, with Dallas-based BBL Building Co. stepping in as the general contractor to bring this vision to life. Vertical construction at the cost of $93.5 Million is scheduled to start in June, transforming the tranquil suburb of San Antonio into a bustling hub within the Tampa-St. Petersburg metro area.

A Luxurious Haven for Modern Living

Immerse yourself in the epitome of contemporary living at the new residential community designed by Nequette Architecture & Design. Spanning an expansive 40 acres, this planned development boasts a diverse range of 315 high-end Build-to-Rent (BTR) units that redefine the concept of urban living.

Discover a wealth of living options tailored to your unique needs. From charming standalone cottages and spacious duplexes to stylish townhomes, there is something to suit every lifestyle. With one-bedroom units featuring 728 square feet, to expansive three-bedroom residences boasting 1,510 square feet, each home offers an exceptional blend of elegance and functionality.

This exclusive community is built with comfort in mind. Enjoy the luxury of private, maintenance-free backyards, ensuring a tranquil retreat from the bustling world outside. Experience security with smart-lock access to your unit, allowing peace of mind for residents and their loved ones. The thoughtfully curated interiors showcase high-end stainless steel appliances, full-size washers and dryers, and Class A fixtures and finishes. Boasting ample closet space with built-in shelving, wood-tile flooring, and impressive 10 to 16-foot ceilings, these residences redefine the standard of modern living.

Escape to a realm of leisure and entertainment right at your doorstep. A resort-style swimming pool invites you to unwind and soak up the sun, while the clubhouse offers a 24-hour fitness center and an E-lounge for residents to work or relax. Seamlessly connected, the community boasts free Wi-Fi throughout, ensuring you stay connected in the digital age. Discover pockets of tranquility within the meticulously landscaped pocket parks, and pamper your four-legged companions at the convenient pet washing station.

A Promising Location to Call Home

Strategically situated just north of the Publix at Mirada and less than two miles east of I-75, this development was chosen for its advantageous location. With the 965-acre Double Branch master planned development taking shape nearby, which will offer an impressive mix of retail, office space, and industrial facilities, LEO at Cypress Creek is poised to be a thriving hub. Anticipated to employ around 6,000 individuals, this project promises to invigorate the area and provide abundant opportunities for work and leisure.

But that's not all this community has going for it. LEO at Cypress Creek will also enjoy the proximity of the forthcoming Target fulfillment center, spanning a massive 1.4 million square feet. Projected to be completed in 2024 and accommodating 2,400 individuals, this center will further contribute to the economic growth and vitality of the region. Additionally, the recently announced Johns Hopkins All Children’s Hospital, sprawling across 176 acres and encompassing 365,000 square feet, is set to become a prominent healthcare provider for the community.

Construction of LEO at Cypress Creek has already begun, with the first units expected to be ready for occupants by June 2025. Developed and managed by Advenir Living, the community aims to offer a warm and lively atmosphere for its residents. With completion anticipated by the spring of 2026, there is a sense of excitement surrounding this development and the possibilities it offers. LEO at Cypress Creek is poised to become a welcoming and vibrant community, providing excellent service and support to all who choose to call it home.

Published: February 15, 2024

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