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Legacy Partners, Griffin Capital Open Tampa Community

December 8, 2021

Legacy Partners, Griffin Capital Open Tampa Community

December 7, 2021 | Mark Faris | Multi-Housing News

Do Not Use Griffin Capital

The asset is located within a $3 billion master-planned redevelopment.

National real estate firm Legacy Partners and alternative asset manager Griffin Capital have opened the 228-unit Legacy Encore in downtown Tampa.

The five-story Legacy Encore offers residential units with studio, one- and two-bedroom layouts averaging about 768 square feet. Amenities at the property include 10-foot ceilings, designer wood vinyl flooring, soaking tubs and glass-enclosed showers, spacious closets, full-size washer and dryers, contemporary cabinets and Latch smart apartment technology package. Select units at the community have a private balcony or patio. Residents may access a heated saltwater pool, an internet cafe with co-working spaces and a state-of-the-art fitness center.

The community was designed by architect Dynamik Design and construction was launched in June 2020, with Summit Contracting Group serving as general contractor. Lincoln Property is the manager of the property.

Legacy Encore, located at 1251 Ray Charles Blvd., is a half-mile from the city’s Central Business District, as well as the Channel District, Riverwalk, Tampa Heights and Ybor City. Jon Wood, Legacy’s senior managing director for the Southeast, noted this is a new type of mixed-use urban community that the company expects will become more common across the country.

The newly opened property is part of Encore, the Tampa Housing Authority’s $3 billion, 40-acre master-planned, mixed-use redevelopment. The project was launched in 2007 in the historic Central Avenue neighborhood, just north of downtown’s urban core. Encore is LEED certified and features senior, workforce and luxury housing options, as well as public art, green spaces, education and cultural centers and a museum within 12 city blocks.

Legacy Partners, based in the San Francisco Bay area, expanded its operations into the Southeast in June 2018 with a new office in Orlando, its sixth location nationwide. The firm recently opened its first ground-up development in the Southeast, the upscale Legacy Universal.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.