Franklin Street Adds 982-Unit Tampa Multifamily Community Owned by ZMR Capital to Property Management Portfolio
Skye Reserve is the second largest apartment property in Tampa Bay

By Post
Tampa Bay Newswire
Published: Apr 13, 2022

TAMPA, FL (April 13, 2022) — Franklin Street is pleased to welcome Skye Reserve, a 982-unit multifamily community to its portfolio of managed properties. The community, located in the Tampa suburb of Brandon, is now the largest multifamily asset under Franklin Street’s management.

Franklin Street will work closely with ZMR Capital to implement significant upgrades to enhance the quality and value of the 1991-built property.

“We look forward to continuing our great partnership with ZMR Capital and working with them to maximize the value of this property,” said Clint Miller, VP of Operations with Franklin Street’s property management division. “As the Tampa Bay area continues to experience such strong population growth and demand for renters, Skye Reserve is well positioned for success, especially with the improvements we have planned.”

Renovations will include repainting all exteriors, resurfacing the community’s three pools, adding barbeque stations and pergolas to pool areas and converting the tennis courts to a dog park and sports court to better serve residents. Interior upgrades will include new subway tile backsplashes, quartz countertops and stainless-steel appliances in all kitchens, as well as LED lighting and vinyl plank flooring. Further, all units will be equipped with washer and dryer sets and all balconies will be screened in.

In addition to the upgraded pools and future dog park / sports court, amenities at Skye Reserve include a clubhouse with a coffee station, game and gym.

“Skye Reserve is an exciting addition to our growing portfolio in the Tampa market,” said Chip Gates, Vice President with ZMR. “Partnering with Franklin Street has already brought great returns on our current portfolio, and we look forward to continued success with this new project.”

The community features one-, two- and three-bedroom floorplans ranging from 630 to 1,200 square feet. The property is located at 1918 Plantation Key Circle with convenient access to Interstate 75, which provides a quick commute to downtown Tampa.

Franklin Street’s Matthew Lopez, Regional Property Manager, will lead a 19-member property management team at the community.