Construction begins on 325-unit apartment community near YMCA in Grand Central District
/Construction has officially commenced on a 325-unit apartment community that will anchor a new live-work-play neighborhood in St. Pete’s Grand Central District.
As first reported by St. Pete Rising, the five-story apartment building, dubbed The Henry at Whitney Village, is part of a larger development, which will also include a 32,000-square-foot pedestrian-only retail village and a 600-space parking garage for residents and visitors.
The mixed-use project will occupy 4.5 acres on the east side of the Jim & Heather Gills YMCA at 3200 1st Avenue South.
South Carolina-based multifamily developer Greystar Real Estate Partners purchased the property from the neighboring YMCA in February for $12 million.
The 25-year-old, 55,000-square-foot YMCA will undergo a major renovation funded by proceeds from the sale of the athletic field property.
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A former parking lot near Historic Kenwood is now home to Burlington Post II, a 75-unit affordable apartment community for seniors.
A ribbon-cutting ceremony was held last Wednesday to celebrate the opening.
Every apartment at the five-story building at 3295 Burlington Avenue North is income restricted, and the property must remain affordable for at least 50 years.
For some of its first residents, the move followed rising rents that made their previous homes increasingly difficult to afford.
Tabari Lewis, community manager with Royal American Management, said in a conversation with St. Pete Rising that many residents learned about Burlington Post II through friends, family, and city housing services while searching for a more affordable place to live.