Stratton Capital Group has closed a $6.5 million construction loan to support a new mixed-use development planned in Tampa’s Hyde Park neighborhood, the firm announced.
Project details
The project will include a three-story, 45,000 sq ft building featuring 20 residential units above approximately 15,000 sq ft of ground-floor retail.
Planned retail tenants include boutique shops and a café, according to the lender.
The development is located in the heart of Hyde Park and is designed to blend residential living with walkable retail in one of Tampa’s fastest-growing urban districts.
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Residents are expected to have access to rooftop terraces and energy-efficient building features, aligning with broader efforts to promote sustainable urban development in Tampa.
Financing structure
Stratton Capital Group is a privately funded direct lender focused on commercial real estate financing.
The firm said the loan includes construction-specific terms such as a structured interest reserve designed to support build-out and lease-up during development.
“We’re thrilled to support this vibrant project in one of Tampa’s fastest-growing neighborhoods,” said Lantz George, co-chief executive officer of Stratton Capital Group. “Our financing provides the sponsor with the certainty and speed required to bring this mixed-use vision to life while enhancing the community fabric.”
Market context
“This project is a strong example of how thoughtful design and strategic financing can create lasting value for residents, businesses and the broader community,” said Thomas Jesse, vice president of originations at Stratton Capital Group.
The Hyde Park project adds to a growing pipeline of mixed-use developments across Tampa as developers and lenders respond to rising demand for housing integrated with retail and neighborhood services.
Why it matters
Mixed-use projects continue to reshape how Tampa neighborhoods grow. By combining housing and retail in walkable districts like Hyde Park, developers are responding to demand for density without sacrificing neighborhood character.
For lenders, projects like this signal continued confidence in Tampa’s urban core and its ability to support new residential and commercial development simultaneously.
The developer has not yet announced a formal name for the Hyde Park mixed-use project. Updates will be added as details are released.