Proposed 60-unit affordable housing project receives $2.74 million from the City of St. Pete
/St. Petersburg City Council recently approved a resolution to allocate $2,740,000 in City funds for the construction of a new three-story affordable housing community in south St. Pete.
The new project, named Bayou Court Apartments, is set to rise near the southeast corner of Lake Maggiore at 4201 6th Street South.
The two-acre property, which was formerly home to The Old Landmark Cathedral of God, was purchased by Gravel Road Partners in 2022 for $1.7 million.
“We are an acutely focused workforce and affordable housing developer along the east coast,” said Tyler Herbert, Founding Partner at Washington D.C.-based Gravel Road Partners, during the November 30th City Council meeting. “We have about 1,200 units in our pipeline and all we do is public-private partnerships.”
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