Jay Roberts Of Prosper Group Acquires Development Site In Tampa For $13.5M

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.