Affordable Housing Redevelopment Proposed for 5th Avenue North
/A 22-unit affordable housing complex on 5th Avenue North will soon be rebuilt from the ground up according to plans which were recently approved by St. Pete’s Development Review Commission (DRC).
Boley Centers and Pinellas Affordable Living, Inc. are planning to redevelop an existing apartment complex into a new 20-unit affordable housing development which will cater to individuals with disabilities who have been homeless.
Last Wednesday, Boley Centers, a provider of community-based services and affordable housing in Pinellas, Manatee, Pasco and Sarasota counties, received approval for the redevelopment of an existing affordable housing project on the northwest corner of 5th Avenue North and Grove Street in Historic Uptown.
Currently the site houses the Butterfly Apartments, a 12-unit building at 715 5th Avenue N, and the Grove Street Apartments, a 10-unit building at 508 Grove Street N. The buildings were built in 1925 and 1950, respectively, and have been owned by Boley Centers for the past 24 years.
The Butterfly Apartments will be located at the northwest corner of 5th Avenue North and Grove Street.
Boley Centers recently transferred ownership of the property to Pinellas Affordable Living, Inc., a sister corporation that is dedicated to providing affordable housing. Together the two organizations plan on demolishing the existing buildings to build a new three-story affordable apartment building which will contain 20 one-bedroom units. The units will cater to individuals with disabilities who have been homeless.
In addition, the new 11,754 square foot building will have auxiliary spaces including common meeting areas, outdoor patios, and a small support office. The ground floor will feature 20 bicycle parking spaces and 20 vehicular parking spaces. The project is expected to retain the Butterfly Apartments name.
Demolition on the existing structures is expected to begin soon and construction should wrap up on the $2.7M project in 2020, just in time for Boley Centers 50th anniversary of service to the community.
In addition to this project, Boley Centers is also a partner in another active affordable housing project in Downtown St. Pete - 745 Del Mar. That project, which is under construction at 745 Del Mar Terrace, is being developed by McCormack Baron Salazar, Inc. Boley Centers is expected to provide support services in that building.
