Downtown St. Pete Development Update - Fourth Quarter 2016
/The fourth quarter of 2016 saw an enormous amount of progress on many of Downtown St. Pete's active developments. The demolition of the "cheese grater" building at 400 Central Ave concluded. The Rowdies launched an official campaign to join the MLS, which included an expanded Al Lang Stadium. A new site plan was approved for 801 Central, which now includes a 15 and 7-story apartment building and ground-level retail.
Also, a few projects broke ground including Bainbridge 930 Central Flats, and retail along 1st Ave S that will house an Orangetheory Fitness and a yet-to-be-determined restaurant.
Additionally, AER Apartments and The Hermitage Apartment Homes started leasing, which helped to relieve the extremely low apartment occupancy rates that Downtown St. Pete has grown accustomed to over the past few years.
Looking to the future, we should see the groundbreaking of a few notable projects this coming quarter including The Brownstones, 801 Conway, The District on 9th, and the Museum of the American Arts and Crafts Movement.
Lastly, be sure to check out Downtown St. Pete's first, second, and third quarter development updates of 2016 to see how your favorite projects have progressed!
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A vacant site across from Lealman Elementary School will become a permanently affordable townhome community for 26 local families.
Habitat for Humanity Tampa Bay Gulfside and local officials gathered Thursday at 4000 58th Avenue North to mark the start of infrastructure work for Lealman Heights, a two-story townhome development at the corner of 58th Avenue North and 40th Street North.
The 26 townhomes are part of a broader 57-home Habitat community in Lealman, which will also include 31 single-family homes now under construction.
“Lealman Heights represents more than the construction of new homes,” Mike Sutton, president and CEO of Habitat for Humanity Tampa Bay Gulfside, said at the groundbreaking. “It represents opportunity, stability, and a brighter future for local families who have worked hard and dreamed of the chance to own a home in the community they love.”
The 26 townhomes will each span 1,500 square feet and include three bedrooms and a garage. The homes will be priced between $240,000 and $280,000, based on a buyer’s income.
High Point Engineering and G2 Design are leading the project team.
Habitat expects vertical construction to begin in summer 2027.