Move-ins begin at Lake Maggiore mixed-income housing development
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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.
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.
The group purchased the 14.6-acre parcel, which was previously a mobile home park, in 2021 for $6.4 million.
Today, several residential buildings are complete. During a property tour, Stoneweg Development Manager Denise Kelly told St. Pete Rising that the two-phased apartment project is more than 85% complete.
Stoneweg allocated 20% (66 units) of the 330 units to workforce housing catering to households making between 80% to 120% of the Area Median Income (AMI).
The gated community offers one-, and two-bedroom apartment homes and two- or three-bedroom townhomes with garages.
The smallest one-bedroom, one-bathroom apartment is 620 square feet and is available for lease starting at $1,862 per month.
Meanwhile, the largest unit is a 2,416-square-foot, three-bedroom townhome priced at $3,745 per month.
The workforce units start at $1,433 per month.
The units have luxury vinyl plank flooring, granite countertops, high ceilings, and energy-star rated stainless-steel appliances, including a washer and dryer.
Residents will also have access to a fitness center and dog park with a wash station.
Kelly said there will be a large community garden on the property with fruit trees, herbs, and vegetables for residents to enjoy. The garden will be used for programming to raise awareness about food sources and expose St Pete youth to opportunities in culinary arts, agriculture and food access.
Stoneweg is partnering with St. Pete-based urban garden consultant, Desiree Sims, owner of Peas & Love Edible Gardening Co. and nonprofit Florida Food Policy Council on the design and management of the garden.
For more information, visit Lake Maggiore Apartments’ website and follow them on Instagram and Facebook.
