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April 28, 2016

McKinley Hyde Park announces the acquisition of Estancia Flats, Miramar Flats and Willow Flats II, all located within the historic neighborhoods of Hyde Park, Downtown Tampa, Florida. Each one of these unique communities adds something special to the 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 with twenty-two owned communities.

 

Estancia Flats offers large two-bedroom apartment homes with expansive grounds and on site parking.  These secluded ranch-style homes will feature interior condominium finishes, and will offer the full complement of McKinley Hyde Park amenities including outdoor kitchen, bocce ball court, fire pit with Adirondack chairs and bike storage. The community is a short walk to Tampa Bay and Bayshore Boulevard, and is also conveniently located near all of the retail and dining options in the eclectic Design District.  Estancia Flats is the 20th community in the McKinley Hyde Park collection.

 

Miramar Flats is located at the corner of San Pedro and Concord Ave across from the well-known Roosevelt Elementary School. This historic building features soaring ceilings, period transom windows and large one-bedroom floor plans.  Miramar Flats offers classic Spanish architectural design typical of many buildings built in Hyde Park during the 1920's, 30's and 40's. Renovations will include restoration of the original flooring, condominium grade interiors, and the creation of outdoor living spaces. Customers will experience old Florida living, with modern Florida advantages. Miramar Flats is the 21st community in the McKinley Hyde Park collection.

 

Willow Flats II is located adjacent to McKinley Hyde Park's existing community Willow Flats, and these communities will be merged and operated as one community.  It offers very unique studio, one bedroom and bungalow homes across from highly regarded Mitchell Elementary, it's a short distance to Tampa General Hospital, and the many dining and retail options in SoHo along Howard. This community has a gorgeous tree canopy and also offers covered parking. Willow Flats II is the 22nd community in the McKinley Hyde Park collection.

 

 "These three communities provide tremendous options and choices for our customers, and we will make significant investments and upgrades at these communities like we are making throughout Hyde Park" stated Jason Schaller, McKinley's executive in charge of property management and renovations for the Hyde Park brand, who will be partnering with Andrew A. Berriz, McKinley's Special Projects Director, on the design and execution of these historic renovations. "Design is a key driver in creating value and meeting the demanding needs of our customers" added Schaller. "We have carefully envisioned, designed and hand crafted every single detail to ensure these communities merit addition to our unique brand, which gives our customers best in class amenities, condominium grade interiors, privacy, exterior improvements respectful of the history of the neighborhood, and a walkable urban setting in the heart of great dining, shopping and the many outdoor experiences available throughout Hyde Park," added Andrew A. Berriz. As of today, Schaller, Berriz and Mary S. Williams, McKinley's executive in charge of Customer Relations and Sales for the Hyde Park brand, are on the ground assuming responsibility for the new communities, and welcoming new customers to the McKinley Hyde Park style of living.

 

“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. "As we look forward ten, twenty and thirty years, we are excited about what the future will bring for these investments, and we are proud of what has been accomplished by our amazing team," 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 future of Central Florida," added Berriz. 

 

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Tags:   Hyde Park

April 7, 2016

McKinley Hyde Park announces the acquisition of Ivy Flats located within the historic neighborhoods of Hyde Park and Palma Ceia. Ivy Flats is the newest addition to McKinley Hyde Park, a boutique collection of historic and restored apartment homes in the Hyde Park and South Tampa neighborhoods. This majestic building is situated at the corner of Estrella St. and Obrapria St., and offers a classic Spanish architectural design typical of many buildings built in Hyde Park during the 1920's, 30's and 40's. Ivy Flats is the 19th community in the McKinley Hyde Park collection, and further expands the very unique choices available to its customers.

 "Ivy Flats has an exceptional location bridging the Palma Ceia and Hyde Park neighborhoods. It has charming and spacious one-bedroom apartment homes with magnificent ten foot ceilings and wood floors, and we will make significant investments and upgrades at this community like we are making at all of our Hyde Park communities," stated Kenneth P. Polsinelli, Chief Real Estate Officer.  “Residents appreciate our historically relevant renovations in combination with our thoughtful modern touches.  Our ability to close very quickly, and complete a detailed property review very efficiently, makes it a win-win for us as the buyer and for the seller as well. Once again, The PrivateBank was along our side as we closed this transaction in record time," added Polsinelli.

“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, Chief Executive Officer.  “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.

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Tags:   Hyde Park

February 18, 2016

McKinley Hyde Park announces the acquisition of Willow Flats located in the heart of Hyde Park. Willow Flats is the most recent addition to McKinley Hyde Park, a boutique collection of historic and restored apartment homes in the Hyde Park and South Tampa neighborhoods.  This twelve apartment home community is located at the intersection of Gomez Ave and West Platt Street features a unique mix of one and two bedroom apartments.  It sits nestled amongst majestic trees within a secluded courtyard across from highly regarded Mitchell Elementary School. 

"Willow Flats is walkable and bikeable to all of the vibrant dining on South Howard, and is also convenient for those working at Tampa Memorial.   We will also continue the significant enhancements that we are making at all of our Hyde Park communities," stated Kenneth P. Polsinelli, Chief Real Estate Officer.  “Our direct, off-market purchase of Willow Flats now expands the McKinley Hyde Park brand to 18 communities.  Project financing is provided by The PrivateBank, and I am pleased that the entire team working was able to move from contract to closing in less than six weeks,” added Polsinelli.

“McKinley Hyde Park presents custom tailored living solutions for those very discerning customers that want to live in a dynamic downtown, but prefer a more secluded, authentic and historic alternative in traditional neighborhoods,” said Albert M. Berriz, CEO.  “All communities are redeveloped with an environmental focus and are smoke-free as well.   Each acquisition has been carefully curated to ensure that the brand delivers and exceeds expectations," he further offered.

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Tags:   Hyde Park

December 23, 2015

McKinley Hyde Park announces the acquisition of Carlyle Flats located in the core of Hyde Park. Carlyle Flats is the most recent addition to McKinley Hyde Park, a boutique collection of historic and restored apartment homes in the Hyde Park and South Tampa neighborhoods.  This thirty-two apartment home community is located at the intersection of Armenia Avenue and Platt Street, and features a mix of one and two bedroom apartments within a private pool and courtyard setting.

"Carlyle Flats offers an exceptional location with easy access to all of the award-winning restaurants and amenities of Hyde Park.  We will also continue the significant investments we are making at all of our communities.  Carlyle Flats will feature three expansive outdoor courtyards including one outdoor kitchen, a resort-style pool, fire pit with Adirondack chairs, and bike shelters," stated Kenneth P.Polsinelli, Chief Real Estate Officer.  “Our purchase of Carlyle Flats expands the McKinley Hyde Park brand to 17 communities.  The acquisition and renovation financing is provided by The Private Bank, and I am pleased that the entire team was able to move from contract to closing in less than three weeks,” added Polsinelli.

"We are very proud that McKinley Hyde Park today is the dominant brand in the Hyde Park/South Tampa market, and Carlyle Flats provides our customers with another great choice," offered Albert M. Berriz, CEO.  "We are working very hard to reposition assets, with extensive renovations now complete at Hyde Park Flats and Piccadilly Flats, and nearing completion at Parkland Flats and Brooklyn Flats.  We are excited with our progress, and we anticipate sharing further important updates about our expansion efforts in Hyde Park in the very near future," Berriz added.

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Tags:   Hyde Park

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