Washington, D.C.-based affordable housing developer Gravel Road Partners is resurrecting a long-stalled project that will bring 204 apartments and ground-floor retail to west St. Pete.

On Tuesday, Pinellas County Board of County Commissioners unanimously approved $6.71 million in Penny for Pinellas funding for a four-story apartment building planned at 6090 Central Avenue.

The new community, known as Sixty90, will reserve 60% of its units for households earning 80% of the Area Median Income (AMI) and below, with the remaining 40% offered at market rates.

Gravel Road Partners is taking over the project from local real estate firms DDA Development and Backstreets Capital, which purchased the three-acre site in December 2020 for $5.6 million from local businessman Bill Edwards.

The city approved plans for the four-story complex in 2021, and County commissioners also approved $3.5 million in Penny for Pinellas funding that year. That funding was later returned after the original development team paused the project amid shifting market conditions.

“We are incredibly proud to launch our third project in Pinellas County, a milestone that reflects our deep-seated commitment to this community. This project is a powerful testament to our partnership with Pinellas County and the City of St. Petersburg,” said Tyler Herbert, a partner with Gravel Road Partners, in a conversation with St. Pete Rising.