McKinley Continues Hyde Park Expansion with Newest Apartment Community AcquisitionDecember 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.