West Palm Beach-based Verdex Construction announces a May 22 groundbreaking ceremony to mark the start of construction for The Pointe on Westshore, a luxury multi-family apartment community in Tampa, being developed by Westshore Pointe LLC, a venture between Jupiter, Florida-based Index Investment Group along with minority local partner Richard Coley. This marks Verdex's first project beyond Florida's east coast.
The Pointe on Westshore, located at 4950 West Prescott Street, will consist of six, five-story buildings with 444 luxury apartments including 28 carriage homes, along with a two-story, 11,000-sq. ft. clubhouse featuring two pools and a fitness center. Total development cost is estimated at just over $100 million.
“With dramatic population growth across Florida, it's logical that Verdex should expand its core market geography beyond Florida's east coast, so we can bring our brand promise of 'Building Something Better' to other parts of the state,” said Verdex Construction President Rex Kirby. “Index Investment Group is a great partner, and we look forward to being a key component of their goal to bring top-quality, new residential options to Tampa.”
“This is a truly spectacular location, with sweeping views across Old Tampa Bay that will provide for dramatic sunsets night after night,” said Bjarne Borg, CEO of Index Investment Group. “This site is also the gateway to Port Tampa City, and will offer desperately needed housing options close to MacDill Air Force Base and Port Tampa City.”
The Pointe on Westshore will be built across a 23-acre site, and the buildings total 679,563 sq. ft. The project is expected to be completed in February 2021.
Verdex projects currently underway or recently finished in South Florida include the Canopy Hotel in Downtown West Palm Beach; 1000 North, an upscale restaurant/club on the Loxahatchee River in Jupiter; Sabbia Beach Condominiums, a 19-story, 68 unit luxury residential tower in Pompano Beach; and the Town Southern apartments in Royal Palm Beach.
In just four years, Verdex has grown in size and recognition to include numerous awards, including being named by GrowFL as a Florida “Company to Watch,” and Startup Business of the Year by the South Florida Business Journal.
About Verdex Construction
Verdex Construction is a privately held building contractor based in West Palm Beach, FL, led by founder and President Rex Kirby, a 35-year veteran in the construction business. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build. Verdex is committed to “Building Something Better” through exceptional service, a fundamental focus on safety and quality, and value to owners, customers and the community. For more information, visit www.verdex.com