Coastal Construction says it broke ground May 26 on the Arts and Entertainment Residences (AER), a 31-story apartment tower in Downtown Tampa.
American Land Ventures with partner Gazit Horizons developed the 334-unit high rise at 300 W. Tyler.
“There is no other location like this in Tampa, where in 60 seconds, you’re stepping into one of three cultural institutions, taking a stroll on the Riverwalk, or soaking in the view from your own open balcony,” Granvil Tracy, president of American Land Ventures said in a statement. “The River Arts District is thriving, and we’re thrilled that AER in the Arts District will be the next step in that growth.”
The developer says the tower will feature shops at the street level, with 13,688 sq. ft. of ground-level retail space and 514 parking spaces in a structure above the shops.
“AER will create a new standard of living,” said Sean DeMartino, president of Central and North Florida for Coastal Construction, the project’s general contractor. “Inside and out, you’ll see designs that feature a more sophisticated level of finish and service. You’ll notice the units are larger, and we’ve placed an emphasis on a healthy lifestyle and wellness, all of which offer a wide appeal from professional Millennials to Baby Boomers.”
Architect CUBE 3 designed the building expected to be completed in spring 2024.
