Hines Starts Construction on Asturia - Master-Planned, Mixed-Use Community in Tampa, Fl

(TAMPA, FL) – Hines, the international real estate firm, announced today that construction has commenced on phase one of Asturia, the new signature mixed-use, master-planned community in Tampa, FL.

The 500-acre development will offer retail, commercial, office, and multifamily parcels and a variety of traditional neighborhood and conventional single-family residential offerings. Asturia will offer an unmatched amenity package that will include eco-friendly recreational parks, a trail network, playgrounds, picnic areas and an impressive community clubhouse with a fitness center and a luxurious resort-style swimming pool.

Located on State Road 54 with great access to the Suncoast Parkway, this initial phase of this development will feature residential lots for the community’s award winning builders, Ashton Woods Homes and David Weekley Homes, which are both well known for their quality architecture, eco-friendly design and energy-efficient homes. The first phase of homes is expected to be available in Spring 2015. Phase one of the community infrastructure is being constructed by Ripa and Associates. Retail, office, multifamily and commercial parcels are also immediately available.

“Hines is pleased to begin this project where families can live, work and play all in one community.

Ashton Woods Homes and David Weekley Homes are best-in-class, award-winning builders who will bring great architecture and innovative design to the development,” noted Hines Managing Director Lane Gardner.

Asturia has approved zoning and entitlements in place for the construction of 550 single-family homes, 200 townhomes, 440 multifamily units, up to 380,000 square feet of build-to-suit commercial/office space, and 350,000 square feet of office/light industrial space.

As master developer, Hines will manage the design and development of the community master plan, including the residential neighborhoods, community amenities, parks, primary infrastructure, as well as the community branding, marketing and the sale of multi-family and commercial parcels within the community. For more information on Asturia and available parcels, please visit www.AsturiaFlorida.com.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,317 properties representing more than 541 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 391 properties totaling 161 million square feet, which includes 89.1 million square feet for third parties. With offices in 115 cities in 18 countries, and controlled assets valued at approximately $28.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems.

Visit www.hines.com for more information.