LEO at Cypress Creek in San Antonio, Florida

Advenir Capital Underway on $93.5 Million Build-to-Rent Community in Tampa Suburb

by Channing Hamilton

SAN ANTONIO, FLA. — Advenir Capital is underway on the development of LEO at Cypress Creek, a $93.5 million build-to-rent community in the Tampa suburb of San Antonio. The property will comprise 315 units across a 40-acre site. Units will come in a mix of standalone cottages, duplexes and townhomes. Floor plans range from one bedroom and 728 square feet to three bedrooms and 1,510 square feet. Planned amenities include a pool, clubhouse, fitness center, internet lounge, Wi-Fi connectivity, green spaces and a pet wash station.

Site work for the project is currently underway. Vertical construction is scheduled to begin in June. The development team expects the first units to deliver in June 2025, with completion expected by spring 2026. Nequette Architecture & Design designed LEO at Cypress Creek, and BBL Building Co. will serve as the general contractor.

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