Mixed-use Westchase development fetches $46 million

An apartment-and-retail development in Westchase has a new owner.

Altis at Highland Park sold to a corporate entity tied to Utah-based Cottonwood Residential on Dec. 21, according to a Hillsborough County deed filed Dec. 29.

Cottonwood paid $46 million for the property, which includes 239 apartments and 5,000 square feet of retail space. Kahwa Coffee is among the building’s retail tenants.

The deal breaks down to $192,468 per apartment.

The seller was Boca Raton-based Altman Cos., which bought… …read more