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.