Flats on 4th

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. 

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).

An 80-unit affordable apartment building that will provide much-needed low-cost housing for seniors has been proposed for the southwest corner of the intersection of 106th Avenue North and 4th Street North. The project is planned for a parcel that is currently undeveloped.

Dubbed Flats on 4th, the $37.5 million project will consist of a four-story, mid-rise building that will offer 52 one-bedroom units and 28 two-bedroom units. Residents whose income is between 40 to 60 percent of the area median income (AMI) will be eligible to apply for a lease.