Carter, Brook Farm Group Launch 324-Unit Multifamily Development in Tampa
TAMPA, Fla. — Carter, an Atlanta-based real estate development company, announced its role as co-developer for Prospect Highland Oaks, a 324-unit multifamily project in Tampa, Florida, with Brook Farm Group. According to the company, the project will address growing demand for high-quality housing in the Brandon submarket.
New Multifamily Development in Tampa
Prospect Highland Oaks will be a garden-style luxury apartment community located less than half a mile from the I-75 and Route 574 interchange. The location provides access to Tampa’s central business district and nearby employment centers. The site is within one mile of the regional headquarters for JP Morgan Chase and CIM Group, which together employ more than 7,500 professionals.
Partnership and Project Team
The development will be co-developed by Carter and Brook Farm Group. Equity partners include Mill Green Capital and Fundrise, with Amerant Bank serving as the construction lender. Oxford Properties Group is the general contractor, and Prest is the project architect.
Carter’s Florida Portfolio
Carter’s experience in Florida includes projects such as NINE15 in downtown Tampa, The DeSOTA in Sarasota, Prospect Lake Wire in Lakeland, Story Wesley Chapel in Wesley Chapel, and Story Lake Gibson in Lakeland. These developments reflect the company’s ongoing activity in the state and the broader Southeast region.
Company Statement
“We are thrilled to bring Prospect Highland Oaks to the Tampa community,” said Jerome Hagley, COO and CFO of Carter. “This project exemplifies our dedication to delivering thoughtfully designed developments that not only meet the needs of today’s residents but also positively impact the neighborhoods we serve.”
Market Context
According to Carter, the east side of Tampa has seen limited new multifamily supply. The firm said Prospect Highland Oaks is positioned to meet growing demand in a market with minimal competition, supported by Hillsborough County’s population growth and in-migration trends.
Sources
Source: Carter