About the Project

The Cove – Tampa, FL
689 Units

SOLD
28.3% Net IRR

Constructed in 1979, The Cove is located on prime waterfront in Tampa, Florida. It is the only multifamily apartment complex sitting on Tampa Bay with direct views and access to the water – an invaluable characteristic. The property is located only three miles from the Westshore Business District, Tampa’s largest employment center featuring 17.5 million square feet of office space and providing for 93,000 jobs. Additionally, it is just 15 minutes from Downtown Tampa, the site of the $3 billion mixed-use development, Water Street,  backed by Bill Gates’ Cascade Investment, LLC and Tampa Bay Lightning owner, Jeffrey Vinik. The Cove will undergo an extensive renovation including a new fitness center and package locker room, clubhouse renovation, and fully upgraded interiors.