August 14, 2022

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Vidalta Property Administration celebrates grand opening of Pelican Lake Residences Dwelling in Tampa

Pelican Lake Residences grand opening

Clearwater, Fla. (August 3, 2022) – Vidalta Property Administration, an affiliate of multifamily actual property funding agency Eagle Property Capital (EPC) celebrated the grand-opening of Pelican Lake Residence Houses, a brand new condominium group in Clearwater, Fla.
“We’re excited to be opening this multifamily group to assist meet the overwhelming demand for rental housing that continues to surge within the Tampa space,” stated Vidalta’s SVP of Asset Administration, Humberto Cubillos. “We need to make a optimistic affect on this group by providing superior housing and customer support to our future residents.”
On the July 29 Open Home, Pinellas Park Mayor Sandra Bradbury and different public officers participated in a ribbon chopping ceremony and mentioned how this conversion addresses the housing wants of the Metropolis of Pinellas Park, and discovered extra about Pelican Lake Residences, previously the TownePlace Suites by Marriott.
“I’m excited to rejoice the grand opening of Pelican Lake at a time when the necessity for rental housing for moderate-income households in Pinellas Park has by no means been larger,” stated Mayor Sandra Bradbury, Mayor for the Metropolis of Pinellas Park, FL. “Initiatives akin to these lend to the revitalization of our group, strengthening households and neighborhoods.”
Pelican Lake Residences is the results of the transformation of the previous TownePlace Suites by Marriott St. Petersburg Clearwater, which EPC acquired in April, together with the adjoining Residence Inn by Marriott. EPC is investing roughly $3.5 million in renovations involving the interiors and enhance the general facilities, together with a state-of the-art health middle, an out of doors fitness center and canine park. As well as, the group will function a 4,200 square-foot of retail area accessible for leasing. The corporate is actively trying to companion with an area farmers market or bodega idea for the submarket.
Situated at 13200 forty ninth Road N, Clearwater, the 2 properties mixed will provide a mixture of 183 studio, one- and two-bedroom flats starting from 500 to 850 sq. ft, with rents beginning at $1,250/month, together with a number of high-quality facilities in a sanctuary-like setting simply 1.5 miles from St. Petersburg/Clearwater Worldwide Airport, and 25 minutes from each downtown Tampa and downtown Clearwater. As well as, Vidalta can be providing some fully furnished condominium properties. The property welcomed its first residents on August 1, 2022.

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