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Clark Realty Builders Completes First Phase of Belmont Heights Estates in Tampa

January 31, 2003

TAMPA, Fla. — Clark Realty Builders recently completed the first phase of Belmont Heights Estates, a $14 million multifamily development in East Tampa. The 201-unit mixed income community includes market-rate, tax-credit, and public housing units and began leasing its first apartments this summer.

Clark Realty Builders Completes First Phase of Belmont Heights Estates in Tampa Press Release Image

Belmont Heights Estates I

The Tampa Housing Authority is working with New Jersey firm Michaels Development Co. to develop the new apartment community, which is being funded in part by a federal grant under the Housing and Urban Development (HUD) HOPE VI Program. Clark Realty Builders is the general contractor, and Torti Gallas and Partners is the architectural firm. As a HOPE VI development, Belmont Heights was designed to beautify and revitalize the community by adding safe, modern homes and by providing employment and skill-learning opportunities for local residents.

Floor plans for the 84 one- and two-story buildings include one-, two-, three-, and four-bedroom units, which range in size from 945 to 1,600 square feet. Residents will enjoy built-in computer workstations, gas-fired hot water heaters, and electric appliances. Community amenities include a clubhouse with a swimming pool and tot lot. This phase also includes the addition of new landscaping and the protection of mature trees growing on the site.

The next phase of the new Belmont Heights neighborhood will add 358 apartments and two community centers. Construction is currently underway by Clark Realty Builders.

Belmont Heights Estates is located north of Ybor City, only a few miles from the intersection of interstate highways 4 and 275. The 28-acre site of the current phase was once home to the Ponce De Leon Courts and College Hill neighborhoods.

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About Clark Realty Builders

Clark Realty Builders (CRB) is a national, multifamily general contractor recently ranked as the sixth largest such firm in the U.S. by Builder Magazine.

About Clark Realty

The Clark Realty companies offer a full spectrum of services to the real estate industry including investment, development, construction, property management, and capital markets.