The Altman Companies Announces Sale of 338-Unit Altís Promenade Ultraluxe Apartment Community in Tampa Submarket of Lutz, Florida

LUTZ, FL - The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce the sale of Altís Promenade, located in Lutz, FL, to California-based Passco Companies, a multifamily and commercial real estate investment firm. Newmark Group, Inc. a commercial real estate service company, led by Vice Chairman Patrick Dufour, represented the seller.

"We are excited to complete the sale of Altís Promenade to Passco Companies,” said Joel Altman, Chairman and co-CEO of The Altman Companies.  We look forward to continuing management of the community and providing Exceptional Living Experience to our existing and future residents.”

Altís Promenade redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Through their exclusive membership to The Club, residents enjoy Class-A amenities including a heated saltwater pool, private cabanas, a cybercafé, yoga & aerobics studio, a poker lounge/wine tasting room, and an ultra-luxe theater with lounge-style seating, surround sound and a 120-inch movie screen.

“We look forward to this new alliance with Passco Companies and we are thrilled to be working with them as our newest client,” said Seth Wise, co-CEO of The Altman Companies. 

At Altís, each apartment home is available with a private entry or elevator-access options featuring spacious one, two, and three-bedroom ultraluxe units with chef-quality kitchens, designer porcelain tile flooring, and spa-inspired baths. The community is National Green Building Standard (NGBS) certified and its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer, individual unit electric meter & sub-metered water, high-efficiency water heater, and programmable thermostat with humidistat. Furthermore, the installation of electric car charging stations will allow residents to charge their electric cars free of cost as an incentive for their commitment to green energy.

Altís is a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in and a pet park with gated, off-leash area to allow residents to bond and play with their dogs.

The 338-unit ultraluxe apartment community, located at 18065 Promenade Park Lane, in the heart of Lutz, Florida, one of the state’s fastest growing cities.  With an enviable location off Veteran’s Expressway and Dale Mabry Highway in Lutz, residents can enjoy endless shopping, dining, and entertainment hot spots.


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