St. Petersburg Acquisition Expands Cottonwood Residential Footprint in Major Metro Areas

Salt Lake City, Utah – (March 15, 2017) – Cottonwood Residential has acquired newly-developed Modera Prime 235 in St. Petersburg, Florida. Accompanying its change of ownership, the community has been renamed as Cottonwood Bayview. The new name incorporates the identity of its new parent company, Cottonwood Residential, while also playing up the community’s unique location and views of Tampa Bay.

Cottonwood Bayview is a 309-unit, 8-story, class A property situated in an unprecedented location. It increases the company’s footprint in major metropolitan areas, bringing with it exceptional walkability to waterfront shopping, dining, entertainment, museums, and cultural venues.

“It’s an urban playground,” remarked Glenn Rand, Executive Vice President. “Cottonwood Bayview is centrally located in one of St. Petersburg’s most dynamic neighborhoods.”

Cottonwood Bayview’s studio, one bedroom, and two bedroom units feature 42” European-styled cabinetry, Energy Star stainless-steel appliances, wood plank flooring, culinary kitchen islands, and 9-foot ceilings. The property also features a cardio studio, social clubroom with game lounge, resort pool with sundeck, two rooftop terraces with views of Tampa Bay.

The acquisition of Cottonwood Bayview caps a string of high-profile acquisitions and third-party management awards that extend the company’s presence in urban growth markets, including Atlanta, Dallas, Nashville, Charlotte, and Tampa.

For more information on Cottonwood Bayview, please visit