FCP and Aventon announce JV for development of Aventon Clearwater Class A Apartments

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Aventon Clearwater Apartments
FCP and Aventon Companies announce a joint venture for the development of Aventon Clearwater Apartments in Clearwater, Fla.

FCP and Aventon Companies announce a joint venture for the development of Aventon Clearwater Apartments in Clearwater, Fla. The 396-unit, Class A multifamily community will feature three-story buildings on U.S. Highway 19, and easy access to major employment centers, retail, and Florida’s stunning Gulf Coast beaches.

“Aventon Clearwater is an outstanding opportunity for FCP to invest in our first joint venture with the Aventon Companies, a highly respected apartment developer,” said FCP’s Bruce Gago, who heads the firm’s Florida office as Vice President – Acquisitions. “We believe this new ground-up multifamily development comes at a critical time to help alleviate the general housing shortage.”

“We are very excited to launch our first partnership with FCP, one of the most well-regarded real estate investors in the Country.  And we are thrilled to begin construction on Aventon Clearwater, our newest project in Florida, especially during a time when high quality rental housing is sorely needed,” said Burk Hedrick, Vice President of Development for Aventon Companies.

Aventon Clearwater will feature spacious apartment floorplans built on an expansive, lush site which will include a resort-style pool and fitness center, a dog park, and playground. The apartment homes will be equipped with upscale finishes including quartz countertops, stainless steel appliances, and state-of-the-art technology.

In addition to delivering a top-notch living experience, Aventon Clearwater will offer its residents a superb location within Pinellas County. The property is situated within a mile of Whole Foods, Fresh Market, Publix, and a host of quality retail amenities. Furthermore, the location provides convenient access to employment centers, including BayCare Health Systems, Mease Countryside Hospital, Morton Plant Hospital, the Lockheed Martin Tactical Facility, and Tech Data Corporation.