AQUA Residences Tampa, the luxurious waterfront condominium project in the heart of the Westshore Yacht Club, has reached a significant milestone with a $117 million construction loan secured for its first phase. S3 Capital Partners is financing the 77-unit Aqua tower, which broke ground in April 2024. Smith and Associates Real Estate are marketing the high-end condominiums, while JLL Capital Markets represented the developer, Westshore Group, in arranging the financing.
This loan, one of the largest condo construction financings in Gulf Coast history, underscores the strength and desirability of Tampa Bay’s real estate market, even amidst challenges like back-to-back hurricanes. "Securing the construction loan on the heels of back-to-back hurricanes in Tampa was no easy feat," said Carlos Avila, Aqua’s marketing director. "This loan highlights the continued desirability of Tampa Bay and the peace of mind that a new, elevated condominium residence offers."
About AQUA Residences Tampa
AQUA at Westshore Yacht Club is set to transform luxury living with its three 17-story towers, each designed to maximize Tampa Bay’s breathtaking sunset views. The project is under construction on the last vacant parcel within the prestigious Westshore Yacht Club community, offering exclusivity, privacy, and unmatched amenities. Coastal Construction serves as the general contractor.
Residences start at $1.5 million, boasting high-end features such as private elevators, expansive terraces, and premium Sub-Zero™ and Wolf™ appliances. With floorplans offering through-views and panoramic vistas, AQUA provides an unparalleled living experience.
World-Class Amenities
The development is centered around a luxury lifestyle, featuring access to the exclusive Bay Club, two resort-style pools, a fitness center, a salon and spa, fine dining, and a poolside Tiki Bar. Residents will also enjoy a full-service marina with 149 deep-water slips, granting unrestricted access to Tampa Bay and beyond.
Broader Market Context
Nine-figure construction loans remain rare in Tampa Bay but are becoming more prevalent for premium developments. Earlier this year, The Ritz-Carlton Residences and Art House also secured loans in this range, reflecting a growing appetite for luxury projects in the region.
Max La Cava, managing director of JLL Capital Markets, remarked, “We are honored to have partnered with Westshore Group to successfully arrange and structure the financing for AQUA at Westshore Yacht Club — which represents one of the largest condo construction financings in the history of the Gulf Coast of Florida.”
A Bright Future for Waterfront Living
With construction well underway and significant pre-sales already achieved, AQUA Residences Tampa is poised to redefine luxury waterfront living in the region. The project’s combination of sophisticated design, exclusive amenities, and a prime waterfront location makes it a standout in Tampa Bay’s thriving luxury real estate market.
For more information or to schedule an appointment, visit the AQUA Residences sales gallery at 5605 S. West Shore Blvd., Tampa, FL 33616, or call 813-536-5804
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