|Number of units||368|
JLL is pleased to present the rare opportunity to acquire Icon Central (the “Property”), Tampa Bay’s most “iconic” multi-housing asset in a class of its own. Completed in 2019, the 15-story luxury tower combines beautifully appointed interiors with sophisticated amenity spaces to deliver a product comparable to the finest hotels and condominiums in Florida.
Adding to the Property’s appeal is its ultra-desirable location along Central Avenue in downtown St. Petersburg, an area recognized for its vibrant restaurant scene, lively nightlife, cultural arts, and natural beauty overlooking the St. Petersburg marina and Tampa Bay. As the cultural center and entertainment hub of the greater Tampa Bay MSA, downtown St. Petersburg has become one of the best performing apartment markets in the US, with demand outweighing supply and rental rates rapidly increasing.
Icon Central has leveraged its exciting location and impressive physical characteristics to lease-up rapidly and now presents a generational investment opportunity that is positioned to achieve strong rent growth and generate durable cash flows.
- Tampa Bay’s Most Iconic Asset
- Highly Walkable Location with a 97 Walk Score
- Sophisticated Amenity Areas Including 5-Star Resort-style Swimming Pool
- Accelerating Asset Performance with 9.7% Average Increase on Last 47 Leases
- Strengthening Submarket Fundamentals with Minimal Future Supply Pipeline
- Easy Access to the MSA’s Top Employment Centers
- Affluent Resident Base with $231,899 Average HHI