Apartment development in downtown Tampa shows no signs of slowing any time soon.
Two major projects took key steps forward this week. The developers of a 22-story tower in the Channel district announced an equity commitment of more than $15 million and closed on a construction loan.
In the urban core, Crescent Communities closed on a five-acre site where it plans to build 400 residential units near the Tampa Riverwalk and also secured a loan.
On Thursday, another new development sprouted: The city of Tampa selected New Orleans-based HRI’s proposal to build a mixed-use tower, including 225 residential units, on a vacant city-owned lot at 405 E. Kennedy.
That tower is pegged at $120 million in construction costs.
In total, there are 4,111 residential units in 13 buildings under construction or in the planning stages within a one mile radius of the urban core. The most recent data available from the Tampa Downtown Partnership pegs the current downtown population at 8,100 residents in 4,979 units, though that data was based on a 2014 survey. In 2015, Skyhouse Channelside added another 320 units.