**GPI to Build 890 Residential Units in Tampa Bay**
GPI Real Estate has secured a $5.5 million acquisition loan to purchase three contiguous parcels totaling 150.7 acres at 9247 Kenton Road in Wesley Chapel, a suburb of Tampa Bay, Florida. The property, acquired from LV Wesley for $5 million, forms a significant portion of the GPI Group’s planned 168-acre master-planned community.
The loan, facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of Linkvest Capital, includes approximately $2.2 million allocated for predevelopment activities.
GPI’s master-planned development will feature 890 residential units, consisting of multifamily apartments and single-family homes, along with 104,000 square feet of commercial space. The site is fully entitled under Mixed Planned Unit Development (MPUD) zoning.
Vertical construction of 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.
