Carter Partners with Brook Farm Group to Develop Prospect Highland Oaks, Bolstering Tampa’s Luxury Housing Market
In the expanding landscape of the multifamily apartment industry, Carter has stepped forward again as a major contributor to Tampa’s residential boom. Partnering with Brook Farm Group, Carter has announced their co-development role for Prospect Highland Oaks, a 324-unit luxury apartment community in the sought-after Brandon submarket of Tampa, Florida. This new garden-style project emerges as a response to the pronounced demand for quality housing in an area experiencing robust growth.
The significance of this venture is well-articulated by Jerome Hagley, COO/CFO of Carter, who underlines their commitment to crafting developments that resonate with modern living standards while fostering neighborhood cohesion. “We are thrilled to bring Prospect Highland Oaks to the Tampa community,” Hagley shares. “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. Together with our partners at Brook Farm Group, we look forward to contributing to Tampa’s remarkable growth and vitality.”
Carter’s proficiency in nurturing Floridian landscapes into high-end communities is evident through a series of prominent endeavors. From the luxury mixed-use NINE15 in downtown Tampa to premier residences like The DeSOTA in Sarasota and the sophisticated class-A Story communities in Lakeland and Wesley Chapel, Carter’s portfolio is a testament to their ability to innovate and deliver exceptional living spaces across the Southeast region.
Strategically situated near major transportation arteries, Prospect Highland Oaks presents residents with exemplary access to Tampa’s central business district and adjacent employment hubs. The development’s prime location, within a mile from the regional headquarters of JP Morgan Chase and Citigroup, is tailored to meet the convenience needs of the local workforce.
The development is well-positioned to capture the advantages of Hillsborough County’s notable in-migration and economic uplift. With limited multifamily offerings on Tampa’s east side, Prospect Highland Oaks is anticipated to emergently answer the high demand in a market with scarce competition. The project coalition features equity partners Mill Green Capital and Fundrise, Ameris Bank as the construction lender, Oxford Properties as the general contractor, and Preston Partnership helming the architecture.
Through Prospect Highland Oaks, Carter reaffirms its longstanding commitment to fostering residential communities that not only align with strategic positioning but also embolden neighborhoods. By blending modern living solutions with superior commuter connectivity, Carter perpetuates its influence in steering market dynamics and sculpting the urban fabric of burgeoning sectors such as Tampa.