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Higher-end rental complexes planned in Hyde Park, Clearwater

TAMPA - Another apartment developer will test the Tampa area's appetite for $1,000-and-up rentals by planning a 259-unit apartment complex for Tampa's Hyde Park area and a 240-unit complex for Clearwater.

If they are built, Alliance Residential Company's two projects, Broadstone Hyde Park and Broadstone Clearwater, would join a remarkable resurgence in apartment construction that could bring more than 6,000 rental units to Hillsborough and Pinellas counties.

On the Tampa side of the bay, Alliance Residential has filed for a building permit for a five-story, urban infill complex at Cleveland Street and Rome Avenue. Several industrial buildings sit on the 3-acre property now, most of which appear vacant, except for one building housing Southern Equipment Corp.

Alliance Residential envisions two adjoining apartment buildings and a parking garage, with a mix of one-, two- and three-bedroom units starting at $1,100 for a 550-square-foot unit and running to just shy of $2,500 a month for 1,600 square feet. Residents will share a clubhouse, resort-style pool and a Wi-Fi cafe, Alliance Residential managing director John Zeledon said.

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By Michael Sasso | Tribune Staff
http://tbo.com/news/business/higher-...ater-20130703/