Construction begins on 86-unit affordable housing community at Palm Lake Christian Church in Disston Heights
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Vacant land next to Palm Lake Christian Church in St. Pete’s Disston Heights neighborhood will be developed into an 86-unit affordable housing community restricted to low-income households.
Tampa-based Newstar Development recently announced the full execution of a land lease agreement between the church, the Pinellas County Housing Authority (PCHA), and Newstar itself.
Construction also recently commenced on the project, known as Palm Lake Urban Sanctuary, or PLUS, located at 5401 22nd Avenue North.
The development will include a four-story building with 86 units, all reserved for households earning up to 80% of the area median income (AMI).
Specifically, the breakdown includes 13 units reserved for households earning 30% AMI, 14 units for 50% AMI, 42 units for 60% AMI, and 17 units for 80% AMI.
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More than six years after the Wagon Wheel Flea Market closed its doors, plans are taking shape to redevelop the sprawling property that was once home to one of Pinellas County's most popular weekend shopping destinations.
Pinellas Park-based Belleair Development Group is under contract to purchase approximately 156 acres at 7801 Park Boulevard North, where the Wagon Wheel and Mustang flea markets operated for more than five decades before closing in 2020.
Christian Yepes, owner of Belleair Development Group alongside his father, Carlos Yepes, confirmed the company is exploring options for a mixed-use development that could bring residential and commercial uses to the largely vacant property.
“We are extremely grateful for the opportunity to develop such a landmark in Pinellas County. We are currently in the midst of due diligence and are exploring mixed-use development options at the site,” Yepes said in a conversation with St. Pete Rising.
The property is currently owned by the family of Hardy Huntley, who founded the Wagon Wheel Flea Market with his wife, Janet, in the 1960s.