April 24, 2024

Construction begins on 60-unit affordable housing project in south St. Pete

April 24, 2024/ Anthony Close

Construction has begun on the Bayou Court Apartments, a new affordable housing development in south St. Pete.

Situated near the southeast corner of Lake Maggiore at 4201 6th Street South, this new three-story affordable housing community is poised to address the housing needs of low- and moderate-income households in south St. Pete.

Gravel Road Partners, a Washington D.C.-based workforce and affordable housing developer, acquired the two-acre property in 2022 for $1.7 million.

April 23, 2024

304-unit apartment development filed under Florida's Live Local Act proposed for 22nd Avenue North in St. Pete

April 23, 2024/ Anthony Close

The City of St. Petersburg has received its first development application filed under Florida’s Live Local Act. The proposed development is located at 3100 22nd Avenue North and currently consists of a retail plaza that houses JB Factory Flooring and Studio Physique, a fitness studio.

The 7.27-acre site is owned by ZSPR PROPCO of Tampa, LLC and is under contract for purchase and development by Houston-based The Hanover Company, a private real estate developer.

A purchase price was not disclosed.

The proposed Hanover development will include 304 apartments which consist of 196 one-bedroom apartments and 108 two-bedroom apartments. All the units will rent to households earning at or below 120% of the area median income (AMI).

March 11, 2024

80-unit affordable housing building approved for 4th Street North in St. Pete

March 11, 2024/ Anthony Close

An 80-unit affordable apartment building aimed at addressing the critical need for low-cost housing for seniors has received unanimous approval from the city’s Development Review Commission.

The green light has been given for the Flats on 4th project, a $37.5 million endeavor set to be constructed on a currently undeveloped parcel at the southwest corner of the intersection of 106th Avenue North and 4th Street North in north St. Pete.

The Flats on 4th, a four-story mid-rise building, will house 52 one-bedroom units and 28 two-bedroom units, providing housing options for residents with incomes between 40 to 60 percent of the area median income (AMI).

February 27, 2024

Home of the Week: 1920-built home on a brick street lists in Historic Old Northeast

February 27, 2024/ Anthony Close

A historic home in St. Petersburg’s Old Northeast neighborhood is St. Pete Rising’s Home of the Week.

Located at 445 17th Avenue Northeast, the two-story home has four bedrooms and four bathrooms with 2,978 square feet of living space. Situated on one of Old Northeast’s premier brick streets, the house flanked by 20th century homes that are full of history.

Built in 1920, the home features a tiled porch with lounging swing. The home has been tastefully renovated and includes hardwood flooring throughout, spacious living areas, a fireplace, separate dining area featuring a built-in dry bar, and a family room.

February 22, 2024

Construction begins on 33-story apartment building in downtown St. Pete

February 22, 2024/ Anthony Close

General contractor KAST Construction has commenced construction on a massive new apartment building planned for an 0.88-acre site owned by St. Pete-based developer Echelon.

The 33-story development, tentatively titled “3rd & 3rd”, will rise at 235 3rd Street South at the northwest corner of 3rd Avenue South and 3rd Street directly across from the Publix-anchored University Village shopping center.

The building was announced on St. Pete Rising in September 2022 and is being developed in partnership with Tampa-based Third Lake Capital. It will include 268 apartments and over 15,000 square feet of ground floor retail space.