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VeLa Towers Tampa Update 12/19/22

Developer Closes on Land for VeLa Towers



VeLa Developers has closed on the land for VeLa Towers. The project previously received approval from the Tampa City Council. According to Hillsborough County public records an LLC connected to VeLa Development Partners paid $18.15 million, public records indicate the developer took out a mortgage for $15.4 million from CIBC Bank USA. Vela Towers Tampa will  add 532 apartments along with 8,000 square feet of ground level office/commercial space. 54 units have been designated for affordable housing. The plans call for two towers.  Tower one, 343,780 square feet, would rise to 37 stories and tower two. 105,600 square feet would rise 17 stories.  A six-story parking garage containing 473 parking spaces would be at the base of both towers.

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