Rattlesnake Point apartments land $50 million loan
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Nov 2, 2023

One of the apartment complexes planned on the Rattlesnake Point waterfront has landed a $50 million construction loan.

An entity linked to Denver-based Simpson Housing LLLP and North Carolina-based Woodfield Development Group closed on the loan from Comerica Bank on Tuesday, according to Hillsborough County property records.

The development — 299 apartments at 5301 W. Tyson Ave. — is likely a joint venture between Simpson and Woodfield. The two developers have partnered together before, including on the development of Passport Apartments in Herndon, Virginia.

Permits for site and foundation work were approved on Oct. 25, according to city building records.

The apartment community is one of three planned on the Rattlesnake Point waterfront. Memphis, Tennessee-based MAA is planning 495 apartments on the property that was previously home to Orion Marine Construction, and Atlanta-based Southeastern is planning 625 apartments in the area.