Downtown St. Pete Development Update: July 2014

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Downtown St. Pete Development Update: July 2014

Construction crews have been hard at work in Downtown St. Pete so far this year.  Read more to get the latest construction updates!

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How are Urban Landings and Harbour's Edge in the same complex?

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The other day while viewing my site stats I noticed an interesting search term brought a viewer to this blog. The term was: "how are harbour's edge and urban landings the same apartment complex". It's a very valid question that I thought I'd clear up. Many times on this site I have referred to the "Urban Edge" apartment project. But Urban Edge is actually a complex consisting of two seperate communities. One community is Urban Landings and the other is Harbour's Edge. These two names combine to give the project name "Urban Edge".

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Project: Urban Edge (Under Construction)

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Name: Urban Edge
Stories: 5
Units: 125 apartments
Retail: 6,673 SF
Developer: Atlantic Housing Partners

Summary of the Project from City of St.Pete CRA Documents:

The proposed project is a five-story multifamily building located west of The Madison on 4th Avenue South in the University Park area of the Intown Redevelopment Area. Urban Edge will have 125 units, forty market-rate units and 85 senior units financed with affordable housing tax credits. The senior portion of the project consists of 76 apartments housing residents making 60 percent of the area median income and nine apartments housing those making 33 percent of the median income. The market rate portion of the project will have 28 three-bedroom units and 12 two-bedroom units with projected monthly costs of $2,000 and $1,600 respectively. Based on estimated construction costs and comparable property assessments, the project is likely to be valued between $8 and $10 million and yield $175,000 to $125,000 in tax increment revenue annually. [Source]

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