Goldman Sachs pays $184 million for apartment tower in downtown Tampa
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: May 10, 2022

Goldman Sachs has paid $184 million for apartment tower Nine15 in downtown Tampa — a 53% increase over what the tower sold for in early 2020, according to Hillsborough County property records.

The sales price for the 362-unit Nine15, which is 23 stories tall and opened in 2017, breaks down to $508,287 per apartment. It is the second market-rate apartment property in Tampa history to sell for more than a half-million dollars per unit; Manor Riverwalk sold for $562,500 per apartment in late 2021.

Goldman closed on the tower on May 6, according to property records. The seller was Charleston, South Carolina-based Blaze Partners.

Monthly rents are not available on Nine15's website. The most recent data on Apartments.com lists 572-square-foot studio apartments that range from $2,504 to $2,763 per month. The tower, which sits on a property formerly known as the Grant block, was one of the first high-rise complexes to break ground in downtown Tampa this real estate cycle.

Investor interest in multifamily real estate in Tampa's urban core is at an all-time high in the wake of Covid-19, which has brought an influx of new residents to Florida and Tampa Bay. Ave Riverwalk sold for $124 million, months before residents can move in, and Bainbridge Ybor recently sold for $90 million.