BBX Capital Real Estate (BBXRE), a wholly-owned subsidiary of BBX Capital, Inc. and an owner of 50% of the equity interests in The Altman Companies, a developer and manager of multifamily apartment communities, announced that The Altman Companies has broken ground to develop Altís Grand at Suncoast in Lutz, Florida, a submarket of Tampa. Altís Grand at Suncoast is planned to be a 449-unit luxury community offering one, two, and three bedroom rental apartment homes. It is expected that the community's offerings to its residents will include membership to The Club, which is planned to include a 24/7 fitness center, a cybercafe, workspace lounges, a private conference room, and a game room, as well as a resort-style swimming pool with pool cabanas, grilling stations, and a recreational pavilion area.

Altís Grand at Suncoast is planned to be National Green Building Standard (NGBS) certified. The Altman Companies expects to deliver the first units at Altís Grand at Suncoast in 2023. Upon the commencement of the development, BBXRE directly invested approximately $2.8 million in the managing member of the joint venture formed by The Altman Companies to invest in the development of Altís Grand at Suncoast and currently expects to invest an approximate additional $1.5 million in the managing member as the development progresses.