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RSR Capital Advisors has accomplished a land buy in Clearwater, FL and decided {that a} 52-unit luxurious condominium group would be the first mission of the corporate’s $350 million Clearwater Marina District growth.
RSR Capital Advisors, a Clearwater, FL-based industrial actual property funding agency, has additionally reached settlement with a number of sellers to buy a complete of 15 aggregated parcels in a 21-acre website that can finally host Clearwater Marina District’s rental residential, workplace, retail and lodge initiatives.
The rental mission at 708 Osceola Avenue will embrace each designer-ready shells and move-in prepared models with pricing anticipated to start out at $1.2 million.
“Persons are persevering with to maneuver to Florida and shopping for higher-end properties,” mentioned Rodney Riley, principal and CEO of RSR Capital Advisors. “We additionally anticipate to get demand from people who find themselves in older high-end houses in areas like Belleair and Clearwater Seaside who wish to be in a brand-new, best-in-class rental on the water.”
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