Updated Nov 24, 2025
Jay Roberts Of Prosper Group Acquires Development Site In Tampa For $13.5M
205 North Brush Street
$13,500,000
Building Size
—
Asset Type
Development Site
Closing
Nov 18, 2025
About this deal
AI
The transaction involved a 1-acre development site located at 205 North Brush Street in Tampa. The sale was completed for a total price of $13,500,000, and it is part of a larger project known as Hotel ORA + Private Residences. This project has seen significant interest with a total of over $200 million in presale contracts generated just nine months after launch.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $13,500,000
- Address: 205 North Brush Street
- Market: Tampa
- Acres: 1
- Buyer: Jay Roberts - Prosper Group; Abid Chaudry & Luigi Novembre - ARC Realty Group
The deal was facilitated by the collaboration between ARC Tampa Development and Prosper Group, marking their second parcel closure in connection with the development. The developers are planning to break ground next year on the luxury condo-hotel project, which will include flexible ownership options and high-end amenities, with the final parcel set to close soon.
On the Map
$13,500,000
Development Site
View full map
Players
Tampa Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Tampa development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93