The Related Group has sold a 340-unit, 21-story high-rise apartment community, ICON Harbour Island, for $131.5 million, $387,000 per unit, which is the largest multifamily transaction in Tampa Bay’s history. The buyer was Olympus Property.
The community is in Harbour Island, one of the most affluent zip codes in the state, voted the No. 1 place to live in Florida and one of the best places to live in America according to Niche.com. The area also has A+ ratings for amenities, crime, education and employment, according to AreaVibes.com.
Newmark Knight Frank Multifamily assisted The Related Group in the disposition to Olympus Property. Founded in 1992, Olympus Property owns and manages some the most desirable multifamily opportunities across the United States.
According to Patrick Dufour, vice chairman of Newmark Knight Frank Multifamily, “The Related Group’s brand is associated with iconic, ultra-luxury developments and Harbour Island is an affluent, walka
