{"id":388437,"date":"2026-09-02T17:06:12","date_gmt":"2026-09-02T17:06:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/388437\/"},"modified":"2026-09-02T17:06:12","modified_gmt":"2026-09-02T17:06:12","slug":"south-tampa-apartment-complex-sells-for-70-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/388437\/","title":{"rendered":"South Tampa Apartment Complex Sells for $70 Million"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Edge at 1702, a 259-unit apartment complex in South Tampa, has sold for $70 million, its third change of ownership in four years as the property\u2019s sale price has fallen $45 million from its 2022 peak.<\/p>\n<p class=\"wp-block-paragraph\">REEP-MF Hadley Hyde PK FL LLC bought the property at 1702 W. Cleveland St. from Hyde Park WF Harmony LLC, which paid $83 million for it in 2024. That sale had already marked a steep decline from the $115 million Edge at 1702 fetched in 2022.<\/p>\n<p class=\"wp-block-paragraph\">The new buyer is tied to New York Life Insurance Co. and assumed about $45.5 million of debt on the property as part of the acquisition. The loan originated at roughly $47.6 million with the 2024 purchase, allowing most of that financing to remain in place through another ownership change.<\/p>\n<p class=\"wp-block-paragraph\">Built in 2015 and 2016, Edge at 1702 includes two five-story residential buildings and a 458-space parking garage. The complex sits near South Howard Avenue, about 1.5 miles from Hyde Park Village.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"563\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/09\/Untitled-July-06-2026-at-13.37.25-36-61-1000x563.jpeg\" alt=\"Exterior of Edge at 1702, a five-story apartment complex in South Tampa\" class=\"wp-image-93119\"  \/>Edge at 1702, a 259-unit South Tampa apartment complex, sold for $70 million after selling for $83M in 2024.<\/p>\n<p>\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"Edge at 1702, a 259-unit apartment complex in South Tampa, has sold for $70 million, its third change&hellip;\n","protected":false},"author":2,"featured_media":388438,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[135,137,136],"class_list":["post-388437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-tampa","tag-tampa-headlines","tag-tampa-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/388437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=388437"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/388437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/388438"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=388437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=388437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=388437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}