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

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

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.

Read More

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

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

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.

Read More

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

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

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.

Read More

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

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

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.

Read More

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

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

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!

Read More

330-unit mixed-income apartments break ground on Lake Maggiore in south St. Pete

/
330-unit mixed-income apartments break ground on Lake Maggiore in south St. Pete

A ceremonial groundbreaking was held last Friday for the Lake Maggiore Apartments, a 330-unit mixed-income apartment community coming to 6th Street South, just east of Lake Maggiore in south St. Pete.

Construction, led by NDC Construction, will officially kickoff in the first or second week of May and expected delivery of the project is scheduled for Q1 2024.

The project 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.

Read More

330-unit apartment development approved for 6th Street in south St. Pete

/
330-unit apartment development approved for 6th Street in south St. Pete

St. Pete’s Development Review Commission approved a 330-unit mixed-income residential development planned for 6th Street South, just east of Lake Maggiore.

The project 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 parcel, which was previously a mobile home park, in April 2021 for $6.4 million.

In rezoning the land from Corridor Commercial Traditional-1 (CCT-1) and Neighborhood Suburban Multifamily-1 (NSM-1) to Neighborhood Suburban Multifamily­-2 (NSM-2), Stoneweg is now able to build 30 units per acre or 330 units total.

Read More

330-unit apartment development planned for 6th Street in south St. Pete

/
330-unit apartment development planned for 6th Street in south St. Pete

A development proposed for 6th Street South could bring new market rate and workforce housing to south St. Petersburg. Stoneweg US, an investment firm specializing in multifamily acquisitions and developments, has initiated a rezoning request for the property at 3049 6th Street South, just east of Lake Maggiore.

Based in downtown St. Pete, Stoneweg purchased the 14.73-acre site, which was previously home to the Bay and Lakeview Mobile Home Parks, in April for $6.4 million. The mobile home parks were gradually closed and cleared between 2006 and 2013 and remain vacant to this day. At one time the community had as many as 324 mobile home units resulting in an overall density of nearly 23 dwelling units per acre.

Read More