Construction begins on 264-unit affordable housing “unicorn” near St. Pete’s Warehouse Arts District
/Construction is officially underway on one of St. Petersburg’s largest workforce and affordable housing developments.
On Wednesday morning, St. Pete-based HP Capital Group joined city and county officials, community partners, and stakeholders to celebrate the groundbreaking of Fairfield Avenue Apartments, a 264-unit apartment community at 3300 Fairfield Avenue South.
The development will serve individuals and families earning between 50% and 120% of the Area Median Income (AMI), a range that developers and officials say is increasingly difficult to accommodate in today’s housing market.
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Pre-leasing is set to begin Saturday, August 15th, with move-ins scheduled after the new year at the first apartment community in Sky Town, an $800 million mixed-use development underway in St. Petersburg’s Skyway Marina District.
The 401-unit iMMiX Apartments, located at 3201 34th Street South, are part of the first phase of the 34.3-acre development being built on the former Ceridian office campus.
Once complete, Sky Town will include 2,084 apartments, 69,000 square feet of retail anchored by a 23,000-square-foot Sprouts Farmers Market, and 120,000 square feet of self-storage across six phases.
Coral Gables-based Altis Cardinal, led by developer Frank Guerra, broke ground on the iMMiX Apartments in September 2025, with Jacksonville-based Summit Contracting Group serving as general contractor.