$45M Westshore apartments to break ground Thursday
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: May 27, 2015

A North Carolina developer will celebrate the construction of a luxury apartment community in Tampa's Westshore business district on Thursday.

Crescent Communities, based in Charlotte, North Carolina, will hold a groundbreaking ceremony for Crescent Westshore at 5 p.m. on Thursday.

The 374-apartment complex will be built at the intersection of West Boy Scout Boulevard and Lois Avenue, near International Plaza. In January, Crescent divided the site and sold a portion of the land to Orlando-based Parkway Properties Inc.

Construction costs are expected to be around $44.5 million.

The density of office and retail properties gives Westshore the potential to become a live-work-play environment coveted by millennials. The district started to see an onslaught of new apartment development in early 2013.

Crescent has been very successful in Tampa, having sold Crescent Bayshore in 2014 for more than $111 million.