Altman Companies to Build a 239-Unit Mixed-Use Rental Development in Hillsborough County, Florida

HILLSBOROUGH COUNTY, Fla., Oct. 25, 2013 /PRNewswire/ -- Boca Raton, Florida-based The Altman Companies announced they have closed on 10-acres in the Westchase area of Tampa with close proximity to downtown and Clearwater.  Construction on the 239-unit mixed-use Altis at Highland Park rental community is scheduled to start right away with first units to be delivered in July 2014.

Lender for the development is PNC Bank.

The apartment community will feature a mix of studios, one, two and three-bedroom apartment homes and 5,000-square-feet of retail.  The apartments will have exceptional, high quality amenities and finishes, including designer style kitchens and baths, vessel sinks, upgraded cabinetry and lighting, granite countertops, energy efficient appliances, programmable thermostats and 100% energy efficient lighting. Select apartments will also feature private entries and direct access garages along with wood faux flooring throughout the living areas.

According to Joel Altman, Chairman of The Altman Companies, Altis at Highland Park will provide residents with a private, resort-style 5,600-square-foot clubhouse that will include a movie theater with surround sound, a state-of-the-art fitness center, a cyber cafe, and clubroom.  The pool area will feature a resort-style pool with sundeck, a pool pavilion with outdoor demonstration kitchen, a bar and barbeque grill.  Separate recreational amenities will include barbeque areas, outdoor tables for dining, a dog park, a children's playground and a community garden.

One of the leading multifamily developers in the United States, The Altman Companies this year held a grand opening of Altis at Grand Cypress, a 258-unit development in New Tampa, Pasco County, Florida. Altis at Grand Cypress, located on 60 acres on the west side of Livingston Road and south of Highway 54 in the rapidly growing New Tampa Wesley Chapel area, is 98% leased.  Phase II consisting of 46 additional units is currently under construction with the first units being delivered in January 2014.

Altman is also currently developing three South Florida rental apartment communities.

Altis at Coconut Creek, a 270-unit rental development in Coconut Creek, recently delivered the models, first and second buildings and is expecting to complete two additional buildings in the coming weeks. Altis at Coconut Creek is currently 33% pre-leased.

Additional new developments under construction are Altis at Sheridan Village, a 300-unit eco-friendly rental community in Pembroke Pines and Altis at Kendall Square, a 321-unit mixed-use community in Kendall, with preleasing starting in late 2013 and first occupancy in 2014.

About The Altman Companies
Since 1968, The Altman Companies has developed, constructed, acquired and managed in excess of 22,000 multi-family units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field.  For more information on The Altman Companies, go to www.altmancos.com.

SOURCE The Altman Companies