Development crews this week kicked off the first stages of construction at the Altura Bayshore tower site overlooking Bayshore Boulevard in South Tampa, as future residents recently signed contracts for luxury condominiums worth nearly $42 million.
Heavy equipment is demolishing the parking lot, which will become a parking garage for the employees of the office building next door. The roof of that parking deck will become one of two amenity levels for Altura owners, the other amenity deck will be on the roof of the condominium tower. Estimated completion of the garage is March of 2022.
With vertical construction imminent, the discounted pre-construction prices offered to early buyers is set to expire soon. The Ronto Group developing the tower recently wrapped the site in protective fencing and relocated overhead power lines. Now, construction crews are clearing the site of dormant structures and will follow by installing support foundations for the overall structure.
“We’re excited to be underway at the Altura site,” said The Ronto Group owner Anthony Solomon. “The design of the tower and the wealth of amenities and private luxury experiences is attracting demand locally, regionally and even internationally.”
Altura Bayshore will be a dramatic new 23-story tower overlooking Tampa’s Bayshore Boulevard, with residences ranging from approximately $1.3 million to $3.4 million for a variety of homes spanning 2,176 to 3,575 square feet — each one reached via a private elevator foyer. With strong buyer interest, there are several floors with only one residence remaining. Smith and Associates Real Estate LLC is leading sales. Connor & Gaskins Unlimited of Naples is the general contractor.
Power lines and other underground utilities have already been relocated. Construction crews will next begin work on the first of two major structures on site – a parking garage on the west side that will only serve tenants of the office building next door.
The second structure will begin at the base with a separate resident-only parking garage that forms the first three levels of the condominium tower and is access controlled, plus a private lobby, reception area and welcome concierge desk. The condominium owners will have part of their amenity on top of the office garage, and it will connect to the 4th level tower amenity spaces. The 4th level amenity decks include a dog park, pickleball courts an outdoor pavilion and other popular features for exclusive use of condominium owners.
At the top of the tower, Altura Bayshore is the sole tower along Bayshore Boulevard with a one-of-a-kind outdoor rooftop experience that occupies the full rooftop, complete with a pool, rows of cabanas, bar spaces and a sunset terrace. The wrap-around rooftop layout means residents will have views of Hillsborough Bay and Bayshore Boulevard to the east, western sunset views towards Old Tampa Bay, northern views of Downtown Tampa and views to the south as well.
Fast sales traffic at Altura Bayshore comes as The Ronto Group reports rapid progress at their developments across Florida’s Gulf Coast. The Ronto Group broke ground on the Omega Bonita Bay luxury tower in Bonita Springs in the third quarter of 2020 and construction crews are presently preparing to top off the building which will hold 67 luxury condominiums. The Ronto Group already has signed contracts worth more than $178 million.
At The Ronto Group’s Downtown Naples mid-rise condominium project Eleven Eleven Central, construction crews broke ground in February on the second of three buildings, which has since sold out. In April, Ronto released the third and final building for which they have taken $55.5 million in contracts, leaving only 28 of 72 residences still available.
At the entrance to Downtown Naples 5th Avenue is Naples Square, The Ronto Group sold out the first three phases, has just broken ground on the fourth phase called Quattro, with $100 million in contracts. Seaglass at Bonita Bay, the first of the two most luxurious high-rises built in Bonita Bay in a decade, has sold out.
“We are immensely proud of our development and real estate sales teams,” Solomon said. “These towers are progressing so well. Florida has tremendous opportunity, and with these locations, buyers have ample choices of places to call home.”