BTI secures $92 million construction loan for Tampa condo tower

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BTI Partners and Westport Capital Partners have secured a $92 million construction loan for their three-tower Marina Pointe development in Tampa.

The project will be completed in phases. The first phase involves a 17-story tower with 120 units and 32,151 sq. ft. of retail space, as well as 78 marina slips. Construction is already underway and is expected to complete in 2022.

The two other towers will offer 227 condos. The first tower will feature two- to five-bedroom floor plans with common-area amenities including a fitness center, amenity deck and resident club.

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