One year ago, city leaders and a local developer broke ground on a transformational project in south St. Pete that aimed to create more housing opportunities for teachers and faculty. Today, the community has officially opened.
The new 60-unit apartment community, Bayou Court Apartments, is located near the southeast corner of Lake Maggiore at 4201 6th Street South, directly behind Lakewood Elementary School.
The project, which recently welcomed its first residents, was made possible through a public-private collaboration between the City of St. Petersburg, Pinellas County, and Gravel Road Partners, a Washington D.C.-based workforce and affordable housing developer that acquired the property in 2022 for $1.7 million.
An undeveloped parcel at the southwest corner of the intersection of 106th Avenue North and 4th Street North will be developed into 80 affordable apartments reserved for seniors.
The project, dubbed Flats on 4th—a previously approved four-story mid-rise building designed for low-income seniors earning between 40% and 60% of the area median income (AMI).
The Pinellas County Housing Finance Authority purchased the land for the project earlier this month, as Trustee of the land trust, for $2.94 million using Penny for Pinellas funds, a voter-approved one-cent sales tax designated for infrastructure improvements.
One of the largest residential developments underway in St. Petersburg is set to receive local funding to support the inclusion of affordable housing.
On Thursday, the St. Pete City Council unanimously approved a $4.5 million contribution from the Housing Capital Improvement Fund for the first phase of Sky Town, a major mixed-use project planned for 3201 34th Street South in the Skyway Marina District.
This follows the Pinellas County Commission’s earlier unanimous decision to allocate $5.5 million to Coral Gables-based developer Altis Cardinal for the same phase of the project.
Originally planned as a fully market-rate development, the project now includes affordable housing thanks to a combined $10 million subsidy from the city and county.
Sky Town will be built in six phases and is set to include 2,084 apartments, 69,000 square feet of neighborhood retail anchored by a Sprouts Farmers Market, and 120,000 square feet of self-storage space.
The City of St. Petersburg is once again seeking a development partner to transform a west St. Pete site into an affordable, for-sale townhome community.
Earlier this month, the city issued a Request for Proposals (RFP), inviting developers to submit plans for the redevelopment of a 5.24-acre property located at 7045 Burlington Avenue North.
The site was purchased by the city from St. Petersburg College in 2024 for $4.2 million, with the intent to construct 105 affordable housing units. As part of the purchase contract for the property, the City of St. Pete agreed to offer SPC students and faculty first right of refusal to purchase 30% of the new residential units.
The property currently features a two-story building on its southern end—formerly the Gibbs Wellness Center of St. Petersburg College—while the northern portion of the site remains vacant.
A Santa Monica, CA-based developer plans to convert a vacant site in Largo's Pinellas Groves community into a 144-unit affordable apartment complex.
Named Olea on 126, the project will include three four-story residential buildings at 6727 126th Avenue North, with units designated for residents earning between 40% and 80% of the area median income (AMI).
The community will offer surface parking and amenities such as a clubhouse, park area, and covered patio.
The Oasis at Bayside apartment complex in Largo will undergo an extensive renovation to convert the units to affordable housing and update the aging amenities.
Washington, DC-based multifamily investor Gravel Road Partners and Bridge Investment Group, an investment company headquartered in Salt Lake City, Utah, purchased the 304-unit property at 305 Glades Circle on March 12th for $42.25 million.
Berkadia Senior Managing Director Jason Stanton represented the seller, Latitude Management Real Estate Investors of Beverly Hills, California, in the transaction.
The new owners are partnering with Pinellas County to renovate the 1974-built property and dedicate 258 units for tenants earning 50% to 80% of the Area Median Income (AMI). Currently the property has no affordability requirements.
New zoning changes, the sweeping rise of commercial and residential development, and the promise of revitalizing neighborhoods are molding the ever-evolving identity of the Sunshine City.
This Tuesday, the St. Petersburg Downtown Partnership released its 2025 Downtown St. Pete Development Guide, an annual resource tool providing a snapshot of the latest economic and commercial activity to encourage public and private stakeholders to spur healthy growth in the area.
"The data, trends, and projects on the horizon really comprise the blueprint for how we continue to grow with purpose, intention, and resilience," Mayor Ken Welch said during the Partnership's Development Summit hosted at the new EDGE Collective office building next to the Moxy Hotel.
The long-awaited mixed-use development in the heart of St. Pete's EDGE District has hit a construction milestone.
Tampa-based Ellison Development is set to cut the ribbon next month, celebrating the completion of a 531-space parking garage at 1301 Central Avenue, a component of The Central development, a 2.1-acre redevelopment of the old St. Pete Police headquarters that will feature a hotel, a trophy office building, retail, workforce housing, and more.
The project, which broke ground in February 2024, sits directly across the street from Ferg's Sports Bar and Grill and is near The Edge Collective development, a planned live-work-and-play destination anchored by the newly opened Moxy Hotel.
A 1,000-unit apartment community proposed for west St. Pete is one step closer to reality after Pinellas County approved funding for the construction of the project, which will contain 300 units for workforce housing.
On January 14th, Pinellas County Board of Commissioners unanimously approved $5.25 million for the construction of the first phase of Azalea Gateway, set to rise at 1501 72nd Street North near Azalea Park.
The approved county funds are contingent upon the City of St. Pete approving an additional $6 million for phase one construction. St Pete City Council is expected to vote on the funding request in February.
One of the largest residential projects currently in development in St. Petersburg will now include affordable housing thanks to financial support from Pinellas County.
On Tuesday, the Pinellas County Commission unanimously approved $5.5 million for the construction of the first phase of Sky Town, which is expected to break ground in March and include 401 apartments, 121 of which will now be affordable.
Sky Town, which is being developed by Coral Gables-based Altis Cardinal, is a massive mixed-use development expected to bring 2,084 apartments across six five-story buildings to 3201 34th Street South in the Skyway Marina District.
The project, which sits on 34.2 acres, will also include over 80,000 square feet of retail space, 22,500 square feet of office space, 4,000 parking spaces, and 119,160 square feet of self-storage space.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
More than 85 seniors earning low-income wages have a new modern apartment in St. Pete to call home.
Earlier today, developer Blue Sky Communities and Park & Eleazer Construction cut the ribbon on the new 85-unit Bear Creek Commons affordable housing complex at 635 64th Street South in west St. Pete, adjacent to Bear Creek, a 2.7-mile stream that flows to Boca Ciega Bay.
The property was previously home to Grace Connection Church before construction commenced in 2023.
Three development groups are vying to redevelop a South St. Pete property, once home to a historic cultural landmark, into a mixed-use destination with affordable housing and retail.
The new proposals were received after the City of St. Petersburg issued a request for proposals (RFP) for developers interested in redeveloping the three vacant parcels at 951 22nd Street South, a site that once housed the historic Merriwether Building, which supported and housed African American and Jewish entrepreneurs when racial and social restrictions were in place.
The developers that submitted proposals include South Florida-based Green Mills Group, Fort Lauderdale-based real estate and development firm Alexander Goshen and partner Goode Van Slyke Architecture, and not-for-profit group Making Opportunities Materialize Inc. (MOM).
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
A South St. Pete property, once home to the historic cultural landmark, may be redeveloped.
The City of St. Petersburg issued a request for proposals (RFP) for developers interested in redeveloping three parcels at 951 22nd Street South.
The city is aiming to have the parcel transformed into a mixed-use project encompassing affordable housing, retail, event space, and/or a restaurant.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Two new residential projects that will create 164 affordable housing units are poised to receive millions of dollars through Pinellas County taxes and other funding sources.
This week, Pinellas County Commission Commissioners unanimously approved two separate funding requests for the 80-unit Flats on 4th apartments in St. Petersburg and the 84-unit Cypress Grove Apartments in Largo.
Archway Partners, an affordable and workforce housing real estate company with offices in Miami and Orlando, will work with Pinellas County and both cities to invest more than $69 million in the two apartment communities.
Flexible language around promises to bring affordable housing to the area and the lack of transparency on the Tampa Bay Rays partnership agreements are at the top of city council members' minds.
St. Petersburg City Council members met as the Committee of the Whole (COW) Tuesday morning to analyze the details and recent tweaks made to agreements for both the proposed Rays stadium and the Historic Gas Plant redevelopment just two days before they cast their final vote.
The $6.5 billion development, which is being spearheaded by The Rays and Hines, would transform 86 acres in the heart of downtown St. Pete into an 8-million-square-foot mixed-use district anchored by a new ballpark - becoming the largest project to ever commence in Tampa Bay.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Two nonprofits are joining forces to create more affordable housing and resources for St. Pete's low-income and homeless population.
Nonprofits St. Vincent de Paul CARES, which strives to end homelessness, and Ability Housing Inc., a developer of affordable multifamily housing — operating as a joint venture Ability SVdP LLC — have commenced site work for a new 73-unit affordable housing project.
The six-story development, dubbed Vincentian Village, is under construction at 401 13th Street North adjacent to St. Vincent de Paul CARES’ Center of Hope shelter.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Local developers and homebuilders are vying to acquire and redevelop a St. Pete College site into an affordable housing community.
St. Pete Rising has obtained the proposals developers submitted to the City of St. Petersburg proposing to bring affordable workforce townhomes to the 5.24-acre site at 7045 Burlington Avenue North in west St. Pete.
The city and selected partner will market the units to St. Pete College students, staff, and low-income residents seeking homeownership.
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Pinellas Park-based Belleair Development Group and global real estate firm Trammell Crow will deliver the first workforce housing project in Largo filed under Florida’s new Live Local Act.
The partners filed plans under the act in February to build Allora, a multi-phase apartment complex on a 15.5-acre property at 800 8th Avenue Southeast on the corner of 8th Avenue and Donegan Road.
The first phase of Allora calls for 240 units with 40% slated for workforce housing.
A South Carolina developer is planning to transform the 21.8-acre Empath Health campus in Largo into a large-scale residential community that includes affordable housing made possible by Florida’s Live Local Act.
Greystar Real Estate Partners, currently under contract to purchase the property at 5771 Roosevelt Boulevard, has proposed a 376-unit development consisting of apartments and townhomes. Of those, 150 units will be reserved as affordable housing.
The planned community, named Bayside, will include an ample amount of green space featuring gravel paths, gardens, sports areas for families, two dog parks, playgrounds, a potential putting green, a shaded hammock area, a walking trail around a large stormwater pond.