May 03, 2024

Move-ins begin at Lake Maggiore mixed-income housing development

May 03, 2024/ Veronica Brezina

Local developer Stoneweg US is putting the finishing touches on a mixed-income apartment community situated east of Lake Maggiore in south St. Pete.

The Lake Maggiore Apartments, located at 825 32nd Avenue South, feature 330 rental apartments, including 14 townhomes with units starting at $1,433.

The community, which is expected to fully open in August, will consist of seven garden-style apartment buildings, two townhome-style buildings, a pool, an outdoor amenity area, a clubhouse with a community room, and a leasing office.

The project, which broke ground in 2022, was developed by Stoneweg US, a St. Pete-based investment firm specializing in multifamily development and acquisitions, and is the same group redeveloping Coquina Key Plaza.

December 15, 2023

Aerial St. Pete: Construction boom to bring thousands of new apartments to St. Pete in 2024

December 15, 2023/ Anthony Close

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete.

To accomplish this, we have teamed up with AB3 Visuals.

In this article we are taking a look at: Arya, Lake Maggiore Apartments, Marina Club Apartments, Marlowe Gateway, and Terraces at 87th.

These projects include four apartment developments and one townhome community. The four apartment developments are located in neighborhoods outside of downtown St. Petersburg and will bring over 1,500 new apartments to St. Petersburg once completed in 2024.

May 22, 2023

Aerial St. Pete: Photos from the sky of construction around St. Petersburg

May 22, 2023/ Anthony Close

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete. To accomplish this, we have teamed up with AB3 Visuals.

In this article we are taking a look at Jordan Park Senior Housing, Lake Maggiore Apartments, The EDGE Collective, Park & Main, The METRO, and Whole Foods.

October 05, 2022

Mixed-income apartment development on Lake Maggiore lands $50 million construction loan

October 05, 2022/ Anthony Close

A 330-unit mixed-income apartment community coming to 6th Street South, just east of Lake Maggiore in south St. Pete, has landed a $50 million construction loan from First Horizon Bank.

The development was first announced in October 2021 and is being developed by Stoneweg US, a St. Pete-based investment firm specializing in multifamily acquisitions and developments.

The group purchased the 14.6-acre parcel, which was previously a mobile home park, in April 2021 for $6.4 million.

August 03, 2022

Aerial St. Pete: New developments break ground outside of downtown St. Pete

August 03, 2022/ Anthony Close

The latest edition of Aerial St. Pete shows the preliminary progress on several developments which have recently begun site preparations and construction. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with Anthony Bove at AB3 Visuals.

In this article we are taking a look at five projects outside of downtown where construction is just beginning. These projects include: Sixty90 Apartments, Arya, Grand Central Townhomes, Lake Maggiore Apartments, and the Tampa Bay Innovation Center. We look forward to following these projects as they continue to make progress towards completion!