**GPI Real Estate Acquires Land for 890-Unit Master-Planned Community in Tampa Bay**
GPI Real Estate has secured a $5.5 million acquisition loan to purchase three contiguous parcels totaling 150.7 acres located at 9247 Kenton Road in Wesley Chapel, a rapidly growing suburb of Tampa Bay, Florida. The land was acquired from LV Wesley in a $5 million transaction. The acquisition loan was facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of Linkvest Capital.
The acquired site will form the majority of a 168-acre master-planned community that GPI Group is developing. The comprehensive development plan includes 890 residential units, a mix of multifamily apartments and single-family homes, as well as 104,000 square feet of commercial space. Approximately $2.2 million of the loan will be allocated toward predevelopment costs.
The site is fully entitled under Mixed Planned Unit Development (MPUD) zoning, streamlining the project’s path from planning to construction. Vertical construction on the multifamily and commercial components is expected to begin in late 2025 or early 2026, with full project completion anticipated by the end of 2026.
