TAMPA, Fla. – Oct. 30, 2019 – Regions Bank on Wednesday announced the company’s Tampa Real Estate Banking office recently financed the construction of a $60 million Class-A multifamily residential development in Lake Mary, Florida.
The Helix will include 301 residential units within six four-story, low-rise buildings. The residential unit mix will include 105 one-bedroom, 175 two-bedroom and 21 three-bedroom units.
The project will feature Class A finishes and amenities, including a resort-style pool, an outdoor grilling kitchen, a 24-hour fitness center, a clubhouse with game room, a conference room, and a dog park. Interior finishes will include stainless steel appliances, granite countertops, washer and dryer, walk-in closets and vinyl wood plank flooring.
The property is in the 150+ acre mixed-use Lake Mary Wellness and Technology Park. The park fronts Interstate 4 and, in addition to The Helix, is planned for the development of a 30-acre Orlando Health Medical Pavilion, as well as a hotel, medical offices, assisted living and an office park.
Parkway Properties Investments, LLC is the developer of the Lake Mary Wellness and Technology Park. Parkway is a privately owned, full-service real estate investment firm headquartered in Orlando. Parkway currently operates 17 million square feet of commercial office assets in the Sunbelt, including in Miami, Tampa, Houston, Atlanta and Raleigh. Additional information on Parkway can be found at https://pky.com/.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate companies, developers and investors. Regions delivers competitive products with superior service marked by speed, certainty and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $128 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.