Construction Underway on 115-Home HARMON Ashton Oaks in Tampa Suburbs
TAMPA, Florida (March 3, 2026) – Crescent Communities, a nationally recognized real estate investor, developer, and operator of mixed-use communities, today announced the groundbreaking celebration of HARMON Ashton Oaks, a 115- rental townhome community in Wesley Chapel. The milestone marks Crescent’s first HARMON property in the Tampa market and the sixth and final investment in the first tranche of its expanded joint venture with Heitman LLC.
Set across 28 acres at the intersection of State Road 54 and Ashton Oaks Boulevard, HARMON Ashton Oaks will introduce a new standard of rental living to one of Tampa’s fastest-growing suburban corridors. The community is expected to welcome its first residents later this year.
“Breaking ground on HARMON Ashton Oaks represents an exciting next chapter for Crescent Communities’ continued Florida growth,” said Tony Chen, Senior Managing Director of Single-Family Build-to-Rent at Crescent Communities. “We’re responding to sustained demand for housing that offers the space of a single-family home without the long-term commitment of ownership. Wesley Chapel is exactly the kind of high-growth, high-quality market where this model resonates.”
HARMON Ashton Oaks is part of Crescent Communities’ expanding portfolio of build-to-rent communities across high-growth markets in the Sun Belt. The community will include 115 three- and four-bedroom, two-story townhomes averaging more than 1,800 square feet. Each residence is designed with open-concept living areas, two-car garages, contemporary finishes, modern appliances, and private yards, blending everyday functionality with elevated design.
Beyond the homes themselves, HARMON Ashton Oaks is planned as a neighborhood environment. Residents will have access to a resort-style pool with cabanas and a grilling area, a sports field that doubles as an event lawn, and a dedicated dog park. Community programming will further encourage connection among residents, reinforcing HARMON’s focus on creating places that feel both social and personal.
DRB Group, a Sumitomo Forestry Co., Ltd affiliate company will serve as the development’s homebuilder. Crescent Communities is also an affiliate of Sumitomo Forestry Co., Ltd.
More broadly in Tampa, Crescent Communities recently announced the appointment of local real estate veteran Greg Minder to chart the course for strategy, development, and execution across Crescent’s growing multifamily presence in Central Florida – successfully kicking off his tenure with the sale of NOVEL Independence Park in Tampa’s Westshore District. Currently leasing communities in the region include RENDER Legacy Trail in Sarasota; and NOVEL Beach Park, a premium high-rise development near Tampa Bay.
View renderings of HARMON Ashton Oaks and photos of the groundbreaking here.
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About Crescent Communities:
Crescent Communities is a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use “communities.” We specialize in place-making and create high-quality, differentiated multifamily and commercial developments in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 95 multifamily communities, 26 million square feet of commercial space and over 60 master planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Austin, Denver, and Phoenix. Our multifamily communities are branded NOVEL (urban), RENDER (suburban) and HARMON (build-to-rent) and our commercial developments are branded AXIAL (industrial), THE YIELD (life science) and BOWER (office).
About Heitman
Heitman is a global real estate investment management firm with $47 billion in assets under management as of December 31, 2025. Founded in 1966 and globally headquartered in Chicago, with European headquarters in London, Heitman has 11 offices worldwide and is an active participant in the global real estate property and capital markets. Heitman makes real estate investments through private equity, debt, and publicly traded real estate securities.
