A 268-unit apartment community planned along the Hillsborough River has secured $19 million in mezzanine financing for its River Vista development in Tampa.
JLL Capital Markets announced it arranged the financing for Vista Residential Partners. Crow Holdings Capital provided the mezzanine loan through its credit venture.
Project details along the Hillsborough River
River Vista is planned for 4504 Clewis Ave. on an elevated site overlooking the Hillsborough River. JLL said the development will offer access to major employment centers across the region.
The project will include ten three-story buildings totaling 265,096 net rentable square feet. Plans call for one-, two- and three-bedroom apartments averaging 989 square feet.
JLL said units will feature quartz countertops, luxury plank flooring and stainless-steel appliances.
READ: TAMPA BAY REAL ESTATE NEWS
Community amenities are expected to include nature trails, river overlooks, club rooms, co-working spaces, a fitness center, a pet spa and a dog park.
JLL’s Debt Advisory team, led by Senior Managing Director Brian Gaswirth and Associate Michael Romero, represented Vista Residential Partners in securing the financing.
“Vista Residential Partners, which was ranked in the top 15 developers by NMHC in 2025, continues their momentum by identifying incredible sites and strategic partners,” Gaswirth said. “The development’s waterfront location and efficient unit designs create an exceptional opportunity in one of Florida’s strongest growth markets.”
What we don’t know yet
The announcement did not disclose River Vista’s total development cost or how the $19 million mezzanine loan fits into the project’s full financing stack.
JLL also did not release a construction timeline, an expected completion date or projected rents.
The announcement described River Vista as workforce housing but did not specify income targets, affordability thresholds or whether any units will be reserved below market rates.
Vista Residential Partners has not released details on when leasing will begin.
Stay Informed
Stay up to date on Tampa Bay business news, executive profiles and the companies shaping the region.