Coconut Grove, Florida-based developer Mast Capital’s newest property has opened its doors on a 16-acre site in Wesley Chapel, Florida, just north of Tampa, Florida, near I-75, according to a press release shared with Multifamily Dive.
The Harlow, developed with Boston-based equity investor Rockpoint and designed by Atlanta-based Dwell Design Studio, is made up of three four-story residential buildings with an airy blue and white color palette, complemented by large wraparound balconies. One forms a semicircle around the site’s central pond feature, another extends diagonally from the one-story clubhouse and pool area and the third forms a straight line at the north end.
The garden-style units range from one to three bedrooms, 750 to 1,500 square feet in size, and feature stainless steel GE appliances, wood cabinetry and open floor plans. Detached garages and electric charging stations are available in the parking areas.
In addition to the pool deck, amenities at the central clubhouse include a fitness center, a game room and a coworking lounge with private offices. An outdoor pavilion, pet park and childrens’ play area are located at the southwest end of the site. Dallas-based Willow Bridge is the property’s manager.
The Harlow is Mast Capital’s first ground-up development in Wesley Chapel. The property is located close to the suburb’s shopping and retail destinations and directly adjacent to the new $250 million BayCare Hospital.
“We are experiencing considerable interest in the property, which serves as a prime residence for professionals employed at BayCare Hospital,” Joseph Ianoale, senior vice president of acquisitions and asset management at Mast Capital, told Multifamily Dive. “Additionally, we are home to residents working within prominent nearby healthcare systems such as AdventHealth and Moffitt Cancer Center.”
Mast Capital has over $3.5 billion in total project capitalization, including the development of over 4,000 residential units, with a focus on properties in Florida, according to the release.
“Florida’s multifamily market continues to demonstrate robust performance, despite the influx of new supply,” Ianoale said. “ The Harlow [benefits] from its prime location with exceptional connectivity to the highway system, top-rated schools, major employment hubs, and an array of retail and lifestyle offerings."
The company recently broke ground on one of the largest new residential construction projects in the country in June, Cipriani Residences Miami, valued at $600 billion. The 397-unit condo property, branded by luxury Italian hotelier and restaurateur Cipriani, is expected to be completed in 2027.
