TAMPA, FL – Olympus Property announced the successful acquisition of Icon Harbour Island in Tampa, Florida. Effective immediately, the asset will be renamed Olympus Harbour Island. Completed in 2017, Olympus Harbour Island is a Class-AA luxury high-rise community located on the prestigious Harbour Island just south of downtown Tampa.
Olympus Harbour Island’s ultra-upscale location was voted the number 1 ranked neighborhood to live in Florida based on lifestyle, schools, and employment according to Niche.com. Boasting breathtaking panoramic views of the Hillsborough Bay and downtown Tampa, Harbour Island offers both residents and visitors access to world class residences, restaurants, and nightlife. AreaVibes.com has given Harbour Island an A+ rating on account of the Island’s amenities, crime, education, and proximity to major employers. These factors contribute to Harbour Island ranking as one of the most affluent zip codes in the state.
“Olympus Harbour Island is in an asset class of its own in one of the most premier locations in Tampa. Expanding our Tampa portfolio with this acquisition is an honor for Olympus and our teams,” said Chandler Wonderly, Principal of Olympus Property.
Nearby development projects include Water Street, a $3 Billion mixed-use development backed by Bill Gates and Tampa Bay Lightning owner Jeff Vinik. Located within a 5-minute walk from the property, Water Street, is a nine million square foot project that will total 53 acres and 18 different buildings once complete. The development will be recognized as one of the most prominent business parks in the country. The Tampa Bay River walk, a 2.6-mile scenic trail, is also in walking distance from the property and includes a variety of restaurants, parks, and entertainment venues further enhancing the resident experience.
There are six Fortune 500 companies headquartered in downtown Tampa including Raymond James Financial, Tech Data, Jabil Circuit, Publix, HSN, and Mosaic. In addition, the pharmaceutical giant Johnson and Johnson has recently relocated their corporate service headquarters to Tampa. These employment drivers offer access to approximately 39,000 jobs within two miles of the property.
“Olympus Harbour Island is one of the highest quality assets located in one of the most premier locations in the southeast. This is a deal we are comfortable owning for a very long period of time,” said Chase Bennett, Director of Acquisitions at Olympus Property.
The transaction was brokered by Patrick Dufour of NKF Multifamily.
The Olympus Harbour Island community amenities include a resort style swimming pool with cabanas and daybeds, clubhouse with catering kitchen and piano salon, 24-hour fitness center, game room with billiards and game tables, a wine cellar, movie theatre, bbq grill and picnic area, a gourmet café bar, and a parking garage. Unit features include 9′ ceilings, stainless steel appliances, quartz countertops, porcelain tile backsplash, garden tubs, walk-in showers, double vanity sinks, framed bathroom mirrors, walk-in closets, and patios.

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GRANDVILLE, MI – Walker & Dunlop announced that it provided a $48,300,000 bridge loan for The Grand Castle Apartments, a newly developed Class A multifamily complex located in Grandville, a suburb of Grand Rapids, Michigan. Developed by Roger Lucas, a principal of Land & Co, The Grand Castle Apartments comprises 522 units and is modeled after the famed Neuschwanstein Castle in southern Germany.
Walker & Dunlop Vice President Benjy Krosin partnered with Kari Zapolski of Inner Circle Holdings, a longtime preferred correspondent located in Rockford, Michigan, to originate the transaction. The debt was structured by Walker & Dunlop’s interim loan program, which provides small-term, nonrecourse loans backed by multifamily properties that are being repositioned or that do not yet qualify for permanent financing.
The 24-month, floating rate loan includes full term interest-only payments and enables the borrower to pay off the existing construction debt with ample time to complete the remaining lease up. Additionally, the flexible prepayment structure allows for seamless conversion to permanent upon stabilization.
Said Mr. Lucas, “We are very pleased that the Walker & Dunlop team was able to make our vision a reality. The flexible terms and attention to detail provided by the bridge lending platform will be instrumental to the success of this new landmark in the Grand Rapids region.”
Totaling more than a million square feet, the development offers a wide variety of living spaces, including studios, one-, two-, and, three-bedroom units, as well as a handful of multi-level penthouse apartments. Community amenities include lake access, a swimming pool, fitness center, business center, electronic parcel station, outdoor grilling area, walking trails, a resident lounge and library, a dog park and washing station, and covered parking for most units. Spanning 15 tales at its highest point, the project can be seen throughout neighboring areas. Thanks to its convenient location just off of Interstate-196, the multifamily community provides convenient access to downtown Grand Rapids.

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SAN JOSE, CA – San Jose-based Urban Catalyst, a ground-up real estate development firm focused on opportunity zones, submitted preliminary plans to the City of San Jose for their senior living facility—Delmas @ Downtown West. The project is a joint venture with the CEO of San Jose-based Aedis Architects, Thang Do. Located in the heart of downtown San Jose next to Diridon Station, the largest multi-modal transit hub on the West Coast, the project is adjacent to Urban Catalyst’s recently announced multi-family apartment project—Madera.
“An helped living/memory care facility like this hasn’t been built in downtown San Jose in nearly 35 years and is terribly needed in our area at this point,” said Urban Catalyst Founder Erik Hayden. “Delmas @ Downtown West will give the baby boomer generation in San Jose a place to age gracefully.”
With a shortage of senior housing locally, this senior living project is a crucial step in addressing the critical need for helped living and memory care. Located at 470 W. San Carlos Street in downtown San Jose, once completed, Delmas will provide 52 units of Memory Care and 23 units for Helped Living. Future amenities will include a hair salon, theater, dining room, spacious rooms with partial kitchen, a wellness center, library, and outdoor courtyards on multiple floors. The project is scheduled for groundbreaking in Q4 2020.
“Providing housing so close to a transit hub is an ideal way for us to ensure a more sustainable option for seniors and their loved ones,” said Paul Ring Urban Catalyst Partner and EVP of Development & Construction.
This partnership with Do adds to Urban Catalyst’s development effort in the downtown San Jose Opportunity Zone. In line with the company’s concentrated approach of focusing on projects within walking distance of each other—an impact strategy unique to Urban Catalyst—Delmas puts together one more piece of the puzzle. The company is quickly acquiring a diverse set of projects in the downtown core as it rapidly closes in on a goal of raising $250 million.
“Everyone deserves access to downtown San Jose’s amenities. Adding a senior living option to downtown is a fantastic way to provide access for all age groups,” said Do. “Partnering with the Urban Catalyst team, I look forward to making a vibrant and more diverse urban environment everyone can delight in.”

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