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Why Invest in The City of Tampa?

A World Class City That is Reinventing Itself

• ​The very heart of an MSA consisting of 3 Million people. 
  
• 25 min drive to the #1 beach in the country by tripadvisor.com.
  
• 5 of the top 20 beaches in this year's “best of the best” within a 45 minute drive.
  
• The 50 acre Water Street Development in downtown Tampa has absolutely redefined down town.
  
• Another $500 million 22 acre development called Midtown Tampa, a 10 minute drive from Malena Park Townhomes, features more parks, restaurants, hotels, high rise office commercial.
  
• Subject is 8 Minutes to MacDill AF Base and US Central Command and 12 Minutes to Downtown Tampa.
  
• Did we mention Super Bowl Champions and Back to Back Stanley Cups.

Why Invest in The City of Tampa?

Tampa’s Diverse Economy
​The Tampa jobs market is booming despite all challenges the pandemic has presented nationwide.  While there may be a common thinking that Tampa is a heavy travel and leisure-based economy, you may be surprised to learn that Tampa is a massively diversified economy and not reliant on any one economic driver.

Tampa Cost of Living Comparison

The Tampa metro area scored a cost-of-living index of 96.6 during the fourth quarter of 2020. This average remained unchanged from the previous quarter. The cost of living in Tampa, according to the latest Cost of Living Index (COLI) report, is 3.6 percent lower than the national average index of 100.

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20+% Florida Population Growth in 10 Years

Malena Park Townhome Development Overview

Why Malena Park?

• Malena Park is being developed in one of the most desirable areas in all the Tampa Bay area, collectively known as South Tampa.
  
• Situated in pure CLASS “A” community.
  
• 8 out of 10 of the “wealthiest neighborhoods” in all of Tampa are less than a 5 minute drive from Malena Park.
  
• There is limited land here. For any new development to happen, something old usually must go.
  
• Tampa International Airport (15-minute drive), MacDill Air Force Base (8-minute drive), Downtown Tampa and the Channelside District (10 minute drive via the Crosstown Expressway) and the Pinellas beaches (30-minute drive).
  
• Some of the best schools in all of Hillsborough County.
  
• Waterfront homes in South Tampa are some of the most sought after and highest priced homes in the entire Tampa MSA.
  
• Home prices and rent rates in this area exceed almost any other area by a far margin.
  
• Real Estate investments in South Tampa are the most insulated from market swings because of these reasons.
  
• Large City of Tampa public park directly across the street from this project which offers a lake with a fishing dock, tons of lawn to picnic or run your dog, and a 50-meter public pool. All within this park. 

Malena Park Townhome Tampa Location

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Malena Park Townhome Site Plan

Malena Park Townhome Floor Plans

Malena Park Townhome Standard Features

STANDARD FEATURES AND AMENITIES*:

• ​2 X 6 Exterior wall construction with cement hardie board siding.
  
• R-19 Insulation in the walls and R-30 insulation in the ceilings for energy efficiency.
  
• 3-ton heat pump (16 seer)
  
• 9’4” Ceiling downstairs. 9’ ceiling upstairs
  
• 2-car garage
  
• Guest parking on-site
  
• GE Appliances INCLUDING:
  
• Refrigerator (ice and water in the door)
  
• Electric glass-top Range
  
• Dishwasher
  
• Microwave
  
• Kohler and moen plumbing fixtures
  
• Double vanity in the hall bath
  
• 2” Faux wood blinds in all windows
  
• Luxury vinyl plank flooring throughout downstairs
  
• 100% Waterproof and kids and pets won’t scratch it

• Wood stairs
  
• Carpet upstairs
  
• (Upgradeable to luxury vinyl plank in master, or entire floor)
  
• Ceramic tiles in upstairs bathrooms
  
• Huge walk-in closet in the master suite
  
• Hurricane impact resistant windows and doors
  
• Solid wood shaker style cabinets
  
• Quartz counter tops throughout
  
• Covered rear patio (upgradeable to brick paver courtyard)
  
• Private 25’ X 20’ rear grass courtyard (30’ wide on end units)
  
• Lush landscaping throughout the common area
  
• Beautiful Bobby Hicks Park (with public pool) directly across the street
  
• Community dog wash on-site
  
• Brand new Publix 1 mile away
  
• Walmart 1 mile away
  
• Target and Home Depot 1.5 miles away
  
• Variety of restaurants, bars, and brewery 1-2 miles away
  
• ​South Tampa ymca (with lap pool and waterpark) 2.5 miles away

Malena Park Townhome Proforma Summary

*Proforma Estimates Based on Long-Term Rental*

A 10% deposit is required to reserve your unit. For exact unit pricing and location click here

*See disclaimer here

DOWNLOAD COMPARATIVE MARKET ANALYSIS

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Malena Park Townhome Build Estimated Timelines

​*Malena Park Estimated Timeline*

• Plans are currently in Engineering. Final step before submitting for Permit.
  
• September 1- Submit for Permit.
  
• October 1 – Commence Construction.
  
• Construction time – 9-10 months
  
• July 1 – first units delivered.
  
• The rest should be completed and delivered within the next 30-60 days.

*These are only estimates not guarantees.
Actual completion dates may vary and be delayed.

Malena Builder Contract Highlights
Metropolis Developers Corp.
4600 W. Cypress St. #525
Tampa, FL  33607
LIC # RB29003646
www.metropolisdevelopers.com

• ​Licensed General contractor since 1994
• Started Metropolis developers in 1994, Built over 60 homes in South Tampa ranging in prices from $350,000 to over 5 million dollars. Single family homes, waterfront and in land.
• Was the co-founder of Baystar Hotel Group in 1999. Develop own and manage hotels in Southeastern US.
• ​Built 5 new Construction Hotels between 76-130 rooms. Holiday Inn Express & Hampton Inn are some of our main brands

Malena Park Townhome HOA Benefits

HOA Provides Less Repair Hassle and Peace of Mind

​Here are just some of the items covered by your HOA fees:

• All exterior grounds and maintenance
  
• Roof repair and replacement
  
• Enhanced overall community feel and appearance
  
• Flood insurance
  
• Exterior painting

A reasonably priced Homeowners Association fee provides inexpensive insurance against large repairs like roof replacement while ensuring the overall look and feel of the community is not spoiled by poorly motivated owners. This ensures the community will always show well and attract premium tenants of guests.

Malena Park Townhome Developer Contracts

Malena Builder Contract Highlights
Metropolis Developers Corp.
4600 W. Cypress St. #525, Tampa, FL  33607
LIC # RB29003646
​www.metropolisdevelopers.com

Please request a copy of the purchase contract and consult your attorney to confirm any statement outlined below.

Can the developer cancel my contract

No.  (Please consult your Attorney to confirm)

Can the developer raise my price?

(Please consult your Attorney to confirm)

Confirm buyer deposit?

The initial deposit is 10%  at signing and 10% at issuance of permits and balance due upon completion.

​Confirm due diligence period?

​Once your deposit is received and your contract is accepted the agreement is firm.

What does the contract say about the completion date?

The developer has projected to a delivery date of July 1 2022 but has up to 2 years to complete the project upon approval of permits.

*See disclaimer here

Malena Park Property Management

We are providing a vetted option for our valued clients to ensure choice and performance. You may choose to interview other Property Managers or use your own.

Kyle Jones | Sales Associate
13131 N. Dale Mabry Hwy
Tampa, FL 33618
Office (727) 480-5028
Email: kjones@bhhsflpg.com
​www.rentahomewithus.com

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Malena Park Town Home Lending Team

We are providing a vetted option for our valued clients to ensure choice and performance. You may choose to apply to other Lenders or one you have used in the past.

Stay up to Date on Current Inventory

For our latest inventory and proforma information simply click here.

Ready To Get Started or Need More Information?

Please contact:
Steven Gyimesy
Marketing Manager
​To get on our priority purchase list CLICK HERE

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