Tampa-St. Petersburg-Clearwater, FL (1888PressRelease)
August 16, 2007 - The Slade at Channelside in Tampa took a significant step towards becoming a true reality with Cobalt Development Group securing major financing for the pre-construction condominium development.
Wells Fargo Bank has agreed to further finance The Slade by committing over $66 million in funding for the project. The Slade recently surpassed the 60 percent sales mark paving the way for the approval of the loan, and the early preparation of the build site.
“This in my opinion is a monumental achievement. It is a milestone that speaks for itself and communicates the realities of our project,” said Juan Porro, President of Cobalt Development Group. “The reality is that our project's attributes are very well balanced with great pricing, a terrific design, an attractive location, and a strong positioning in one of the least saturated metropolitan markets in the country,” he continued. To commemorate construction commencement a groundbreaking event is slated for September 25, 2007.
About The Slade –
The Slade’s location in Channelside is among the most desirable locations in Tampa Bay. This pedestrian friendly neighborhood features a trolley connecting it to the local culture such as the aquarium, museums, theatres, restaurants and nightlife. In addition it is close to Tampa’s central business district. Centrally located, The Slade is 30 minutes from the beach and 45 minutes to Disney World. Amenities include:
• State of the art 280-unit condominium development
• Eight stories with units ranging in size from 780 to 1,539-square-feet with nine foot ceilings, large walk-in closets, floor to ceiling sliding glass doors, windows that exceed hurricane code standards
• Each kitchen designed with granite countertops, Italian cabinetry, GE-Profile stainless-steel appliances including a convection oven, and built-in wine cooler
• Bathrooms with European-style fixtures, and marble vanity tops
• Separate salt and fresh water pools, yoga and steam rooms, a club room, fiber optics throughout each unit, and a smart technology system
About Cobalt Development Group –
For the past three years, Miami-based Cobalt Development Group has been contributing to the Miami skyline and investing in other residential projects throughout Florida. Most recently the firm has completed the high-rise condominiums Uptown Lofts and Midtown Lofts, both in Miami. Business partners Juan Porro and Daniel Mendicino are now poised to bring The Slade to life and provide Tampa with a fresh residential concept that blends urban convenience with affordable luxury in an attractive and up-and-coming area.
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