News


March 29, 2018

ORLANDO, FLORIDA - The McKinley Companies announced today the closing of $5,838,000 in long-term financings with KeyBank and Fannie Mae for Iris Flats located in Orlando Florida. The 15-year financings were originated by KeyBank, and they represent the next part of an approximately $200 million pipeline in similar financings that McKinley began with KeyBank and Fannie Mae over the past six months.  

 

Iris Flats offers restored industrial style apartment homes with exposed concrete vaulted ceiling and steel wood barn doors in a community with urban charm decorated in iron accents and serenaded in a pop of rich colors.  Iris Flats residents enjoy a new fitness center, dog park, and private al fresco dining space in a manicured garden terrace.  Iris Flats is located in Englewood Park within walking distance to local parks and lakes, nearby Florida Hospital East Orlando, and a convenient expressway hop to Downtown Orlando. 

 

“The financing of Iris Flats is part of our long-term plan for our generational assets,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “We are setting sail for a long horizon to ensure our owned assets are locked in with great financing in a market with rising interest rates.” further added Willett.

 

McKinley has owned and operated multifamily apartment communities in Central Florida since 1982, and today is largest Multifamily owner-operator along the highly populated Interstate-4 Corridor between Orlando and Tampa.  McKinley currently owns apartment communities in Orlando, Winter Park, Daytona Beach, Gainesville, North Redington Beach, South Pasadena, Clearwater, Gulfport, Hyde Park, South Tampa and Tampa.

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Tags:   Hyde Park

March 29, 2018

HYDE PARK, FLORIDA - The McKinley Companies announced today the closing of $6,404,000 in long-term financings with KeyBank and Fannie Mae for Soho Flats located in Hyde Park, Tampa, Florida. The 15-year financings were originated by KeyBank, and they represent the next part of an approximately $200 million pipeline in similar financings that McKinley began with KeyBank and Fannie Mae over the past six months. 

 

Soho Flats is part of the McKinley Hyde Park boutique collection of unique and historic apartment communities located in Hyde Park, Tampa, Florida.  Soho Flats is a classic south beach style art deco concrete building shining with chic colors and style.  In the center courtyard residents enjoy poolside living alongside an entertainment space with a wine bar, grill and fire pit lounge under historic Tampa oak trees.  Soho Flats is tucked away in the walkable residential neighborhood of Bayshore Gardens within a few blocks of Bayshore Blvd and culinary curators such as the prestigious Bern’s Steakhouse.  

 

“We have worked diligently to lock up all of our Multifamily debt going into this rising rate market,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “We have only a few financings remaining to complete and then we will have all of our Multifamily debt fixed with either 15 or 35-year terms,” further added Willett.

 

McKinley today is the largest owner-operator of multifamily apartments in the Hyde Park market, spanning a total of 26 communities located throughout Hyde Park, South Tampa and the Westshore Marina District.  McKinley has owned and operated multifamily apartment communities in Central Florida since 1982, and today is largest Multifamily owner-operator along the highly populated Interstate-4 Corridor between Orlando and Tampa.  McKinley currently owns apartment communities in Orlando, Winter Park, Daytona Beach, Gainesville, North Redington Beach, South Pasadena, Clearwater, Gulfport, Hyde Park, South Tampa and Tampa.

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Tags:   Hyde Park

March 2, 2018

Hyde Park, Florida - The McKinley Companies announced today the closing of $18,900,000 in long-term financings with KeyBank and Fannie Mae for the last of its Hyde Park Boutique Multifamily holdings located in Hyde Park, Downtown Tampa, Florida. The 15 year financings were originated by KeyBank, and they represent the next part of an approximately $200 million pipeline in similar financings that McKinley began with KeyBank and Fannie Mae over the past six months.

 

“We have worked diligently to lock up all of our Multifamily debt going into this rising rate market,” offered Jim Willett, Senior Vice President & Managing Director – Finance. “We have only a few financings remaining to complete and then we will have all of our Multifamily debt fixed with either 15 or 35 year terms,” further added Willett.

 

Beach Flats - A collection of historic homes in exuberant hues of heritage colors reminiscent of Charleston’s rainbow row, Beach Flats offers residents the authentic beauty of preserved colonial architecture with grand staircases, ornate fire places and original hardwood floors with newly upgraded kitchens and bathrooms.  Residents can relax in rocking chairs on the wraparound porches or enjoy company at the center gathering area lounge, fire pit and grill space.  Beach Flats is centrally located between Historic Hyde Park and Downtown Tampa, a block from Bayshore Blvd and direct access to Tampa General Hospital.

Carlyle Flats – The newly renovated Carlyle Flats classic block building designed in stylish muted colors, pays tribute to the Miami Art Deco scene.  Residents enjoy newly upgraded apartment interiors with a gated community, poolside wine bar and outdoor entertainment space, fire pit lounge, ample bike storage, and a fully equipped dog wash station.  Carlyle Flats is conveniently located across from Publix Greenwise in the heart of Hyde Park with easy access to Kennedy Blvd.

 

Ivy Flats – Ivy Flats offers a sophisticated, distinctive character on the elegant cobblestoned street of W Estrella across from the Palma Ceia Golf & Country Club.  Ivy Flats offers residents luxurious newly remodeled apartments with spacious open concept kitchens and hand-selected finishes.  Located in the Palma Ceia neighborhood and within walking distance to foodie favorites such as Cru Cellars, Datz and Ciccio’s, Ivy Flats offers quintessential boutique living at its finest.

Willow Flats – Willow Flats offers a rustic refined farmhouse community with all the comforts of boutique living.  Residents will feel at ease alongside the manicured grass landscaping, DIY community garden, secluded bamboo fire pit space, bocce ball court under Italian lights, and custom grill & picnic wine bar.  Residents enjoy a gated community with an extra-large enclosed dog park and enclosed bike parking.  Willow Flats is located in the highly sought after residential neighborhood of Hyde Park, adjacent to Mitchell Elementary School, nearby 5-star dining options such as 4 Rivers Smokehouse and Daily Eats, with convenient access to Kennedy Blvd.

 

Schoolhouse Flats – The quiet and established residential neighborhood is a welcome background to the stunning and elegant, newly remodeled 1924 building built with the quaint charm and character of an old schoolhouse building accented with terra cotta.  With ample parking and an unbeatable location next to the high-end shopping at Hyde Park Village, sophisticated gathering place at the Oxford Exchange, and James Beard creative eateries such as Edison Lab, Schoolhouse Flats is a rare gem cozily nestled in the Hyde Park boutique lifestyle.

 

McKinley’s Hyde Park Boutique portfolio is part of its larger Central Florida Multifamily portfolio which extends along the entire Interstate 4 Corridor and includes Daytona Beach, Winter Park, Orlando, Gainesville, Hyde Park, South Tampa, Tampa, Clearwater, North Redington Beach, South Pasadena and Gulfport, Florida. McKinley today is the largest Multifamily owner operator in the region having been in Central Florida actively since 1982.

 

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Tags:   Hyde Park

April 28, 2017

McKinley is pleased to announce that it has closed on a $20,450,000 long term financing with Fannie Mae (FNMA) for a multi-property scattered site portfolio located in Hyde Park (Tampa) Florida. The portfolio represents a portion of McKinley's holdings in Hyde Park, and is the first major long term refinancing event for The McKinley Hyde Park brand. Berkadia, a Berkshire Hathaway and Leucadia National company, originated the financing on behalf of McKinley. Berkadia and McKinley have had a long term relationship spanning several decades, and most recently over the past 5 years, Berkadia has executed on over $1 Billion of Multifamily long term mortgages on behalf of McKinley via HUD, Fannie Mae and Freddie Mac.

 

"We have a high degree of confidence with Justin Wheeler, Ernie Katai and the entire Berkadia team," offered Albert M. Berriz, McKinley's CEO, Managing Member and Co-Owner. "They always deliver and they always do the right thing for us," added Berriz. McKinley and Berkadia will be closing on a second tranche of McKinley Hyde Park financing with Fannie Mae later in May as well. "These financing events have proven our thesis and have positioned the various properties in the first tranche for our classic long term generational ownership with substantial sustainable cash flow," further added Berriz.

 

The McKinley Hyde Park brand is a boutique collection of 28 multifamily communities of historic and unique significance located in Hyde Park, Downtown Tampa. These communities span from the Hillsborough River in the Downtown to MacDill Air Force Base in South Tampa. The brand offers a variety of price points and product offerings to meet the needs of a very discerning customer base. The portfolio enjoys walkable access to high end retail shops and the best restaurants in the region, as well as wellness and outdoor opportunities available throughout the area. This boutique collection also features condominium grade interiors and exquisite exterior renovations as well as community amenities that generate the best available product in the marketplace. McKinley today is the largest owner-operator of multifamily communities in the Hyde Park/South Tampa market.

 

McKinley is proud to be a major employer and owner of Multifamily and Retail real estate throughout Central Florida, having actively invested in the region since 1982. As one of the largest owners of Multifamily real estate throughout Central Florida, McKinley is committed to the future and well-being of the region, its customers that provide us the opportunity to serve their housing needs, and its 500 amazing Central Florida based team members who make it happen every day. McKinley currently owns a portfolio of 57 multifamily communities in seven major Central Florida sub-markets including the Orlando Theme Park market, the Orlando Airport market, Winter Park, Daytona Beach, Gainesville, Pinellas County which includes Clearwater, South Pasadena, North Redington Beach, Gulfport, and Tampa/Hyde Park/South Tampa. McKinley operates in the Central Florida Region under its flagship McKinley workforce housing brand, as well as its luxury brands which include McKinley Beach on the Barrier Islands of Pinellas County and McKinley Hyde Park in Hyde Park/South Tampa. 

 

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Tags:   Hyde Park

April 18, 2017

The McKinley Companies announced today that it has completed the successful acquisition of Palio Apartment Homes formally known as Middlebrook Farms Apartments, a 320-unit luxury apartment community located in the Universal Orlando submarket of Orlando, Florida. Palio Apartment Homes is McKinley's twelfth owned workforce housing community specifically located in the Orlando Theme Park corridor between Universal Orlando and Walt Disney World, and its 57th Owned community located throughout Central Florida including Orlando, Winter Park, Daytona Beach, Gainesville, Clearwater, South Pasadena, North Reddington Beach, Gulfport, and Tampa/Hyde Park/South Tampa. McKinley operates in the Central Florida Region under its flagship McKinley workforce housing brand, as well as its McKinley Beach and McKinley Hyde Park luxury brands. 

 

Palio was built in 2001, and contains a mix of large one, two and three bedroom apartments and townhomes with extensive amenities, garages and on-site storage facilities. The large size apartments, which all have in-home washers and dryers and private patios, in conjunction with the Orange County Public Schools, provide excellent housing opportunities for the workforce along the Orlando Theme Park corridor. Palio Apartment Homes is just minutes from major employers including Universal Orlando, Orange County Convention Center, Sea World and Walt Disney World. "We are passionate about being the workforce housing provider of choice throughout the Orlando Tourist Commercial corridor. In addition to our many apartment styles and sizes that we have available, our communities are in very close proximity to jobs, which allows our residents to walk or take a short ride to work each day," offered Albert M. Berriz, McKinley's CEO, Co-Owner and Managing Member. "As drive times and traffic becomes a much more complex issue throughout Central Florida, we believe that having apartment communities immediately adjacent to the largest employers in the region will be a major strategic advantage now and into the future," added Berriz.

 

McKinley was able to move quickly and close on this transaction in record time with its own capital supported by Key Bank, a long term commercial banking relationship of over 25 years. "We have never missed on a closing, and as we did with Palio Apartment Homes, we can move very quickly given our vast financial resources and our amazing team and relationships on the ground in Central Florida which is a key differentiator for us in the marketplace," offered Jim Willett, McKinley's Senior Vice President & Managing Director. "We had our good friends and long term commercial banking partners from Key Bank supporting us on this transaction. In their classic style our banks are always with us, and work along-side us, as we very quickly close large and complex transactions like Palio Apartment Homes," added Willett.

 

McKinley is proud to be a major employer and owner of Multifamily and Retail real estate throughout Central Florida, having actively invested in the region since 1982. As one of the largest owners of Multifamily real estate throughout Central Florida, McKinley is committed to the future and well-being of the region, our customers that provide us the opportunity to serve their housing needs, and our over 500 amazing Central Florida based team members who make it happen every day.

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Tags:   Hyde Park

November 18, 2016

TAMPA, FL – McKinley Hyde Park announces the acquisition of Schoolhouse Flats located within the historic neighborhood of Olde Hyde Park, Downtown Tampa, Florida. Schoolhouse Flats becomes the 25th community that is part of the McKinley Hyde Park brand, a boutique collection of historic and uniquely restored apartment homes in the Hyde Park and South Tampa neighborhoods. McKinley Hyde Park today is the dominant owner-operator in these neighborhoods, and the addition of Schoolhouse Flats further expands that dominant footprint. 

 

Originally built as a neighborhood school, it was converted to a rental community many years ago, but now requires major improvements to make the community competitive. The McKinley Hyde Park Team has planned a very respectful renovation of this historic building well known in a neighborhood that is lined with cobblestone streets, charming lights and old oak trees. Schoolhouse Flats is also walking distance to Hyde Park Village (http://www.hydeparkvillage.com/) the best in retail and dining in all of Tampa Bay.  "This is a very special community, and we will make strategic improvements that will create long term value and enhance the customer experience as well," offered Andrew A. Berriz, Director – Special Projects Group. "We will improve upon the existing Spanish architecture and the glorious entry as part of our exterior renovation, and provide condominium grade interiors and amenities which will include fire pits, outdoor dining with Italian string lighting, extensive landscaping and site lighting, combining to deliver an amazing overall living experience," added Berriz.

 

The McKinley Hyde Park brand now spans from the Hillsborough River to the east by Downtown Tampa all the way to MacDill Air Force Base in South Tampa. "Today we can offer our customers a variety of choices unparalleled in the Hyde Park market," offered Trey Caswell, Senior Vice President & Managing Director - Residential Redevelopment.  "In addition to the diversity of locations, we offer just about every living option with a variety of price points as well.  No one is delivering the customer experience we have created, and our communities are well known for their distinctive branding, designs and renovations which have made a mark in the marketplace. Beyond the superior product delivery, we are obsessed with service, and our customers can contact us around the clock supported by our mobile maintenance teams who are always ready to exceed expectations. I am very proud of our team in Hyde Park, they are second to none in the industry," added Caswell.

 

McKinley Hyde Park brand also leverages the talent, resources and history of McKinley's dominant workforce housing platform located in Orlando, Gainesville, Daytona Beach and the Tampa Bay markets operated under its core McKinley brand, and its other boutique luxury brand McKinley Beach which is located along the barrier islands of Pinellas County including Gulfport, South Pasadena and North Redington Beach. McKinley today is the largest owner-operator of Multifamily communities along the Interstate-4 corridor in Central Florida with 55 multifamily communities in the Central Florida market. A special thanks to the team at Old National Bancorp for a marvelous execution on this acquisition and renovation effort. 

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Tags:   McKinley, Hyde Park

November 1, 2016

McKinley Hyde Park announces the acquisition of Delaney Flats - Phase 2, located within the historic neighborhood of Hyde Park, Downtown Tampa, Florida. Delaney Flats - Phase 2 sits adjacent to its neighbor Delaney Flats and becomes the 24th community that is part of the McKinley Hyde Park brand, a boutique collection of historic and uniquely restored apartment homes in the Hyde Park and South Tampa neighborhoods. McKinley today is the dominant owner-operator in these neighborhoods, and this next phase of Delaney Flats further expands that dominant footprint.  Both communities will be operated under one common name to be known as Delaney Flats. A classically restored exterior respecting the historic neighborhood with cobblestone streets, oak trees, walkable to the best retail and dining in Tampa Bay, along with condominium grade interiors and amenities which will include fire pits, outdoor dining with Italian string lighting, extensive landscaping and site lighting, combining to deliver an amazing overall living experience. 

 

"This is going to be another terrific addition to our overall strategy," offered Mary Williams, McKinley's Chief of Staff who leads the sales and customer experience effort for the McKinley Hyde Park brand. "We have had enormous success at all of our communities at the east end of Hyde Park by downtown, the river and Tampa Regional Medical Center, it's where we have achieved our highest rents to date. Additionally, this community is just one block away from Bayshore Boulevard, the largest continuous waterfront sidewalk in the world where our residents can bike, run, roller blade and kayak just seconds from their doorstep," further offered Williams.

 

“McKinley Hyde Park represents the very best of authentic and historic apartment living in traditional neighborhoods within the heart of downtown,” said Albert M. Berriz, CEO, Co-Owner and Managing Member.  “Each community has been carefully curated to ensure that the brand delivers and exceeds expectations. We thoughtfully approach each building with an eye to detail that is sure to please the most discerning customers," Berriz further offered. McKinley Hyde Park also leverages the talent, resources and history of McKinley's dominant workforce housing platform located in Orlando, Gainesville, Daytona Beach and the Tampa Bay markets operated under its core McKinley brand, and its other boutique luxury brand McKinley Beach which is located along the barrier islands of Pinellas County including Gulfport, South Pasadena and North Redington Beach. McKinley today is the largest owner-operator of Multifamily communities along the Interstate-4 corridor in Central Florida with 54 multifamily communities in the Central Florida market. "We continue to execute our long term strategic vision and initiative to be the dominant multifamily owner operator at the center of this growth engine which is the Interstate-4 corridor, and we are thrilled to participate in a meaningful way in the future of Central Florida," added Berriz.

 

 

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Tags:   Hyde Park

September 20, 2016

McKinley Hyde Park announces the acquisition of Beach Flats - Phase 2, located within the historic neighborhood of Hyde Park, Downtown Tampa, Florida. Beach Flats - Phase 2 sits adjacent to its neighbor Beach Flats and becomes the twenty-third community that is part of the McKinley Hyde Park brand, a boutique collection of historic and uniquely restored apartment homes in the Hyde Park and South Tampa neighborhoods. McKinley today is the dominant owner-operator in these neighborhoods, and this next phase of Beach Flats further expands that dominant footprint.  Both communities will be operated under one common name to be known as Beach Flats.

 

This new phase of Beach Flats is an extraordinary example of Olde Historic Florida Architecture with large floor plans, natural hardwood floors, tall ceilings, extraordinary woodwork throughout. This community adds to the choices of in-town walkable, historic alternatives available within the Hyde Park brand. The post renovated community will include condominium grade interiors and extensive urban amenities conducive to the lifestyle of the neighborhood and our customers.

 

"This is going to be another terrific addition to our overall strategy, that only we could have pulled off frankly given our capital capacity, expertise and speed of execution" offered Harry Collison, McKinley's Senior Vice President and Managing Director - Acquisitions and Dispositions. Beach Flats has an exceptional location just off prestigious Bayshore Boulevard, walkable to the river, the downtown and Tampa General Hospital. "Beach Flats is at the east end of Hyde Park, one block from Bayshore Boulevard and a short walk to the downtown and Tampa General, and we are confident that our core customers that work in those locations will love this alternative in our brand mix" further offered Collison.

 

"This acquisition was another example of our ability to close very quickly with our own capital in advance of funding by our bank partners, and Harry Collison and I were able to custom tailor what the seller needed to make this happen seamlessly and efficiently in this transaction" offered Jim Willett, McKinley's Senior Vice President and Managing Director - Finance . Another key element in this acquisition was McKinley's reputation in the marketplace. "We always do exactly what we say we are going to do, and in record time. Everyone knows that when McKinley comes to the closing table, we deliver 100% of the time as agreed, and that's a big comfort to sellers in this marketplace," further added Willett and Collison.

 

“McKinley Hyde Park represents the very best of authentic and historic apartment living in traditional neighborhoods within the heart of downtown,” said Albert M. Berriz, CEO, Co-Owner and Managing Member.  “Each community has been carefully curated to ensure that the brand delivers and exceeds expectations. We thoughtfully approach each building with an eye to detail that is sure to please the most discerning customers" Berriz further offered. McKinley Hyde Park also leverages the talent, resources and history of McKinley's dominant workforce housing platform located in Orlando, Gainesville, Daytona Beach and the Tampa Bay markets operated under its core McKinley brand, and its other boutique luxury brand McKinley Beach which is located along the barrier islands of Pinellas County including Gulfport, South Pasadena and North Reddington Beach. McKinley today is the largest owner-operator of Multifamily communities along the Interstate-4 corridor in Central Florida with 53 multifamily communities in the Central Florida market. "We continue to execute our long term strategic vision and initiative to be the dominant multifamily owner operator at the center of this growth engine which is the Interstate-4 corridor, and we are thrilled to participate in a meaningful way in the future of Central Florida," added Berriz.

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Tags:   Hyde Park

June 6, 2016

McKinley Hyde Park announces the acquisition of Beach Flats located within the historic neighborhood of Hyde Park, Downtown Tampa, Florida. Beach Flats is the twenty-fourth community that is part of McKinley Hyde Park brand, a boutique collection of historic and uniquely restored apartment homes in the Hyde Park and South Tampa neighborhoods. McKinley today is the dominant owner-operator in these neighborhoods, and Beach Flats further expands that dominant footprint.

 

Beach Flats is an extraordinary example of Historic Florida Colonial Architecture with massive windows, flowing lines and elegant front porches allowing for great flow through ventilation. Large floor plans with natural hardwood floors, fireplaces, vaulted ceilings, extraordinary woodwork throughout, and washer-dryers in place make this an exceptional addition to the portfolio. "We will restore the historic elements true to the original design, while adding modern exterior amenities and condominium grade interiors. The kitchens and bathrooms once renovated will be stunning, and the apartments are some of the largest units we have acquired to date in Hyde Park," offered Harry Collison, McKinley's Senior Vice President and Managing Director - Acquisitions and Dispositions. Beyond the building itself, Beach Flats has an exceptional location just off prestigious Bayshore Boulevard, walkable to the river, the downtown and Tampa General Hospital. "Beach Flats sits immediately adjacent to Class A+ newly built high-rise rental communities located on Bayshore Boulevard overlooking Tampa Bay and the Downtown. Except we strongly believe that Beach Flats will deliver a more authentic and appealing alternative that is sought by the Millennials and Baby Boomers that we serve with our McKinley Hyde Park brand," further offered Collison.

 

Project acquisition and renovations will be financed by Key Bank, N.A.  "We are excited to again work with Key Bank on this most important acquisition. They have a been a major part of the McKinley family over the years, and they have worked with us on two prior acquisitions in Hyde Park," offered Jim Willett, McKinley's Senior Vice President & Managing Director – Finance. "This acquisition was another example of our ability to close very quickly with our own capital in advance of the funding by Key Bank, and Harry Collison and I were able to custom tailor what the seller needed to make this happen seamlessly and efficiently for them and for us," added Willett. Another key element in this acquisition was McKinley's reputation in the marketplace. "We always do exactly what we say we are going to do, and in record time. Everyone knows that when McKinley comes to the closing table, we deliver 100% of the time as agreed, and that's a big comfort to sellers in this marketplace," further added Willett and Collison.

 

“McKinley Hyde Park represents the very best of authentic and historic apartment living in traditional neighborhoods within the heart of downtown,” said Albert M. Berriz, CEO, Co-Owner and Co-Managing Member.  “Each community has been carefully curated to ensure that the brand delivers and exceeds expectations. We thoughtfully approach each building with an eye to detail that is sure to please the most discerning customers,” Berriz further offered. McKinley Hyde Park also leverages the talent, resources and history of McKinley's dominant workforce housing platform located in Orlando, Gainesville, Daytona Beach and the Tampa Bay markets operated under its core McKinley brand, and its other boutique luxury brands including McKinley City Beautiful in Downtown Orlando, and McKinley Beach along the barrier islands of Pinellas County. McKinley today is the largest owner-operator of Multifamily communities along the Interstate-4 corridor in Central Florida. "We continue to execute our long term strategic vision and initiative to be the dominant multifamily owner operator at the center of this growth engine which is the Interstate-4 corridor, and we are thrilled to participate in a meaningful way in the future of Central Florida," added Berriz.

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Tags:   Hyde Park

May 2, 2016

McKinley Hyde Park announces the acquisition of Amelia Flats located within the historic neighborhood of Hyde Park, Downtown Tampa, Florida. Amelia Flats is the twenty third community part of McKinley Hyde Park brand, a boutique collection of historic and restored apartment homes in the Hyde Park and South Tampa neighborhoods. McKinley today is the dominant owner-operator in these neighborhoods, and Amelia Flats further expands that footprint.

 

Amelia Flats is a classic Florida Spanish revival building typical of what was being built in Hyde Park in the early 1900's.  Large floor plans with natural hardwood floors and expansive windows allow significant natural light. "We will restore the historic elements true to the original design, while adding modern amenities like washers and dryers and condominium grade interiors. The kitchens are large and the apartments flow very well, and they have large porches in each apartment, allowing for flow through ventilation and a unique outdoor living space," offered Jason Schaller, McKinley's executive in charge of property management and renovations for the Hyde Park brand.  "I love this building because we will have a great opportunity to bring it back to life with period appropriate elements, and authentic materials that are true to the original architecture and design. This includes mission barrel clay tiles, ornamental details, and classic Spanish stucco colors and features which are all part of our design and restoration plan."

 

Beyond the building itself, Amelia Flats has an exceptional location in the Design District of Hyde Park. "This is the ultimate walkable location for our clientele, right in the heart of the Design District" offered Mary S. Williams, McKinley's executive in charge of customer relations and sales for the Hyde Park brand. "Our residents can literally walk out their door and within one block dine at Datz and Dough, Cru, BT and shop at the many unique retail boutiques and art galleries in the trendy Design District. Just a few blocks beyond that sits Bayshore Boulevard, the longest continuous waterfront walk connecting to Tampa General Hospital and the Amelie Arena downtown and home of the Bolts, and it's perfect for jogging, biking, walking and kayaking, which fits with our customers heathy living lifestyle," added Williams.

 

“McKinley Hyde Park represents the very best of authentic and historic apartment living in traditional neighborhoods within the heart of downtown,” said Albert M. Berriz, CEO, Co-Owner and Co-Managing Member.  “Each community has been carefully curated to ensure that the brand delivers and exceeds expectations. We thoughtfully approach each building with an eye to detail that is sure to please the most discerning customers,” he further offered. McKinley Hyde Park also leverages the talent, resources and history of McKinley's dominant workforce housing platform located in Orlando, Gainesville, Daytona Beach and the Tampa Bay markets operated under its core McKinley brand, and its other boutique luxury brands including McKinley City Beautiful in Downtown Orlando, and McKinley Beach along the barrier islands of Pinellas County.

 

"An important feature of this opportunity, was that it came to us an off market distressed bank foreclosure sale. We have the expertise and capital to move quickly, and given the level of very serious issues impacting this property, this was a great example of our team's ability to close and on-board distressed transactions" offered Berriz. "We continue to execute our long term strategic vision and initiative to be the dominant multifamily owner operator at the center of this growth engine which is the Interstate 4 corridor, and we are thrilled to participate in a meaningful way in the future of Central Florida," added Berriz.

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Tags:   Hyde Park

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