$250 Million Affordable Housing Development in Tampa, Florida

RUDG, LLC

Represented RUDG, LLC in connection with an 18-acre, approximately $250 million mixed-use affordable housing development on city-owned land in Tampa, Florida that includes affordable housing, workforce housing, and commercial space. Advised client throughout the RFP process, including bid preparation and submittal, the successful defense of a bid protest filed by the second-ranked proposer, and the negotiation of a 99-year ground lease and related development agreements. 

RELATED PEOPLE
Albert E. Dotson, Jr.
Chief Executive Officer & Managing Partner
Eric Singer
Partner
Terry M. Lovell
Partner, Head of Affordable Housing and Tax Credit Practice
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Experience
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
Experience
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...
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