Viridian

The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 536-unit Viridian multifamily community located in Tampa, Florida. The property lies in the Uptown Innovation Quarter of North Tampa, one of Tampa Bay’s largest concentrations of employment with over 2,100 companies in a 25,000 acre district, anchored by the University of South Florida, three major hospitals and a growing tech and biomedical sciences scene. The property is adjacent to the Rithm at Uptown, a 113-acre $4 billion mixed-use innovation community that has 7 million SF of planned development for research, innovation, technology, habitat and medicine and features a Sprouts Farmers Market.

The property has undergone a significant capital expenditure program totaling over $19 million dollars that included a comprehensive interior renovation program that has upgraded the majority of units to luxury grade finishes as well as numerous common area and exterior improvements such as new hardiboard siding, exterior paint, an upgrade of amenities and the clubhouse and landscaping improvements to name a few. These extensive capital improvements leave little deferred maintenance and coupled with a dynamic unit mix of one, two and three bedroom floor plans featuring outsized and multi-level townhome units, has allowed the asset to compete with newer built communities in the vicinity.