The new development will bring 349 much-needed, Multifamily housing units to the area.
Tampa, Florida (October 27, 2020) – Land Advisors Organization’s Tampa Bay office is pleased to announce the sale of a 19.74-acre, multifamily development parcel of land in Pinellas Park, Florida to Birmingham, Alabama based, LIV Development.
Nancy Surak, Senior Land Advisor and Managing Broker for Land Advisors Organization Tampa Bay arranged the sale on behalf of the seller, Huntley Properties, LLC.
“Outside of downtown St. Petersburg, Pinellas County is significantly under supplied for new residential housing. This project will deliver much-needed new, high-quality housing in the heart of Pinellas Park, FL,” said Nancy Surak. “Multifamily housing adds to the diversity of housing stock for current and new residents and we are excited about being involved in this project.”
Pinellas Park has been transitioning as it relates to commercial and residential real estate over the past several years. This brand-new community on Park Boulevard will further redevelopment efforts in the City of Pinellas Park bringing with it numerous jobs. LIV Development closed the sales transaction in September and recently broke ground. The first units will be delivered in 4th quarter 2021.
“The availability, access and affordability of housing is crucial to the future success of any family or business relocating to a new area. The City of Pinellas Park has been working diligently to foster redevelopment of several key areas of the City. We were pleased to work with Huntley Properties LLC, Land Advisors Organization, and LIV Development on this extraordinary residential development. Once completed this project will revitalize the neighborhood and provide much needed new housing options that will not only attract new residents and businesses, but further the continued investment into our growing community,” said Shannon Coughlin, CPM, City of Pinellas Park Economic Development Manager.
Nancy Surak specializes in commercial development and master-planned community land advising and land sales throughout Tampa Bay for Land Advisors Organization. She recently celebrated closing over $170,000,000 in land transactions and being awarded the Overall Commercial Real Estate Deal of the Year.
About LIV Development
According to the company’s website, LIV Development has completed nearly $2 billion in projects. Having a company such as LIV Development invest millions in a new project in this area is a testament to the work the City of Pinellas Park has done to reinvent itself and reinvigorate its community through real estate redevelopment and investment.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Tampa, and Jacksonville, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIN.