First workforce housing development filed under the Live Local Act in Largo nears completion
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Global real estate firm Trammell Crow Residential is nearing completion of a new 240-unit luxury apartment community in Largo.
Caspia is being constructed on a 9.5-acre property at 705 Redbud Lane near the corner of 8th Avenue SE and Donegan Road.
The community, which is expected to launch preleasing soon, will contain a mix of affordable and market rate housing.
40% of the units will be reserved for households earning at or below 120% of the area median income (AMI), or roughly $68,400 annually in the City of Largo, while the remaining apartments will be rented at market rates.
Groundbreaking on the development began in 2024. Construction is now nearing completion.
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A former parking lot near Historic Kenwood is now home to Burlington Post II, a 75-unit affordable apartment community for seniors.
A ribbon-cutting ceremony was held last Wednesday to celebrate the opening.
Every apartment at the five-story building at 3295 Burlington Avenue North is income restricted, and the property must remain affordable for at least 50 years.
For some of its first residents, the move followed rising rents that made their previous homes increasingly difficult to afford.
Tabari Lewis, community manager with Royal American Management, said in a conversation with St. Pete Rising that many residents learned about Burlington Post II through friends, family, and city housing services while searching for a more affordable place to live.