For Immediate Release – Wickatunk, NJ, Dec. 1st, 2021
A newly constructed, 99%-leased multifamily complex located on Central Avenue, the epicenter of the
restaurant, nightlife, and art scene for the greater Tampa/St. Petersburg.
- Top-of-Market Luxury Amenities and Finishes: Units at the property are condo quality, with stainless steel appliances, quartz countertops, tile backsplashes, entertainment islands in kitchens, and plank flooring, all features that appeal to the property’s young professional demographic. The property features a state-of-the-art fitness center with a yoga room, heavy bag, and on-demand fitness. A large resort-style pool, roof-top deck, dog park, pet washing station, and bike storage with a repair station are among the other amenities that make Artistry such a desirable community. Finally, given the property’s location in St. Petersburg’s Edge District which is oriented toward promoting the arts, the property features an art gallery as well as its “Maker’s Room”, a fully outfitted workshop designed to assist in art creation.
- Pedestrian-Friendly and Popular Location: Epicenter of Shops, Restaurants, and Entertainment: Downtown St. Petersburg, one of the few walkable areas in the region, has successfully transformed into a 24/7 live, work, and play environment, attracting young professionals, retailers, and businesses. Artistry Apartments’ location on Central Avenue is along the main path of growth, which has become the epicenter of restaurants, nightlife, and a hip arts scene for the greater Tampa/St. Petersburg MSA. Tenants benefit from proximity to numerous local restaurants, breweries, coffee shops, and live entertainment venues like Jannus Live. Additionally, the property sits within a 7-block radius of 7 different breweries. The property is only two blocks from Tropicana Field, home to Major League Baseball’s 2020 American League Champion Tampa Bay Rays, as well as being a block away from the Pinellas Trail, a 45-mile-long bike path that traverses from St. Petersburg all the way to Tarpon Springs. Last but not least, the property is a short ten-minute drive to the beautiful white sand beaches of St. Petersburg.
- Convenient Access to Major Employment Centers: 35K Jobs within 5 Minutes: Artistry Apartments is located in the heart of Downtown St. Petersburg, providing residents with convenient access to Tampa’s major employment nodes. Within 5 minutes, residents have access to over 35K Jobs and 1,187 medical beds. Less than a mile from Artistry is Johns Hopkins All Children’s Hospital, one of the most highly regarded children’s hospitals in the Southeast. Furthermore, the City’s proximity to I-275 provides residents with quick access to the Gateway office market (9.1M SF / 84k jobs), St. Pete/Clearwater International Airport (2.6k jobs), Westshore Business District (18.3M SF / 102k jobs), and Tampa International Airport (10.5k jobs). Locally, there are approximately 43 million square feet of office space and 280,000 jobs within a half-hour drive of downtown.
Founded in 2005 as Capital Real Estate, Colorado-based “Avanti Residential” is a vertically integrated investment and management platform that specializes in the acquisition, renovation, and optimization of multifamily real estate investments by leveraging unique expertise in market intelligence, deal sourcing, and asset management to optimize investment yields and investor returns. Avanti Residential owns and operates 29 properties consisting of 6,541 units in Colorado, Arizona, and Utah.
“We are super excited to enter the Tampa / St. Pete market with one of the newest most vibrant developments in the area together with partnering with such a dynamic sponsor with the experience to make this investment one which we are proud to add to our Florida portfolio” said Mike Schnurr, m.p. of Amalfi.
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Amalfi Capital is a real estate equity firm founded in 2015 that is an investor in over 5 million square feet of property throughout the United States. Amalfi focuses on expanding its portfolio by partnering with highly experienced sponsors who are experts in their respective markets by investing in commercial & industrial assets that we believe are well positioned for above market returns over the long run. www.Amalficapital.biz – amalficapitalinfo@gmail.com