A two acre parcel in Tampa’s Hyde Park, just purchased for $11.5 million, will be developed into a student housing facility providing 576 beds. Plans call for an 8 story building with 150 units and 300 parking spaces. The seller was Reger Holdings and the buyer was Commercial Street Partners. The property is very close to the University of Tampa and no construction timeline has been announced. The property is at 311 N. Newport Avenue.