Impact Development Partners (IDP), alongside capital partners Trustmark, Great Southern Bank, and Patterson Real Estate Advisory Group, has secured a 32.34-acre site in Temple Terrace, Florida, for the HōM at River Hills development.
The new 330-unit multifamily community, situated at 6502 E. Sligh Avenue, will consist of 11 three-story apartment buildings, featuring a range of one-, two-, and three-bedroom units, with sizes varying from 707ft² to 1,248ft².
HōM at River Hills promises modern amenities and essential workforce housing options along the Hillsborough River.
IDP president John Akin said: “River Hills is an exciting opportunity to bring thoughtfully designed housing options to the Temple Terrace area, where new multifamily developments have been scarce.
“We’re proud to work alongside trusted financial partners and the talented team at our sister company, Impact Development Management, to deliver a community that aligns with Tampa’s evolving housing needs.”
The development is designed with a focus on resident well-being, featuring a clubhouse, a resort-style pool, and additional riverfront features to foster a sense of community and support a balanced lifestyle.
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By GlobalDataThis project signifies a step in IDP’s growth within the Southeast US.
Patterson Real Estate Advisory Group managing director Lauren Hanley said: “Securing development capital remains elusive – it takes the right location, strong backing, and a standout value proposition to catch attention in today’s market.
“IMPACT nailed all three, recognising Tampa as a booming market and finding a unique riverfront site to deliver quality housing at a fair price in an incredibly well-located area.”
The strategic location of River Hills, near key Tampa Bay employers such as the University of South Florida, Moffitt Cancer Center, Busch Gardens, and the new Amazon Fulfillment Center, adds to the development’s appeal.
Financial backing for the River Hills project comes from Trustmark and Great Southern Bank, with Patterson Real Estate Advisory Group playing a role in capital-raising efforts.
