264-unit affordable housing community to break ground next month near the Warehouse Arts District
/After nearly four years of planning, a long-delayed affordable housing development near St. Petersburg’s Warehouse Arts District is officially moving forward.
Fairfield Avenue Apartments LLC, which is tied to St. Petersburg-based HP Capital Group and former Florida Senator Jeff Brandes, has purchased the 6.9-acre property at 3300 Fairfield Avenue South for approximately $6.2 million.
The property will be leased through a trust administered by the Housing Finance Authority of Pinellas County, securing a 99-year affordability commitment.
The group will develop the site into the Fairfield Avenue Apartments, which will contain 264 affordable and workforce apartments making it one of the city’s largest housing communities in decades.
The property was formerly home to the Tibbetts Lumber Company, which was founded by Brandes’ grandfather, Linton Tibbetts, in the 1970s.
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