SkyWay Lofts completes 66 new affordable apartments in the Skyway Marina District
/As the Skyway Marina District continues to grow, a local developer is bringing more affordable housing to the neighborhood.
Tampa-based affordable housing developer Blue Sky Communities has completed the second phase of SkyWay Lofts, adding 66 new apartments to the 1.19-acre property at 3800 34th Street South.
The new, four-story building is reserved for residents earning between 22% and 80% of the area median income (AMI), or roughly $16,000 to $58,000 per year for a one-person household. Notably, the monthly rent starts at $305 for a one-bedroom and one-bathroom unit.
The building is already at full occupancy with a waitlist available for applicants.
“Thanks to the City of St. Petersburg, the Skyway Marina District has been transformed into one of the premier neighborhoods of our city,” Scott Macdonald, Executive Vice President and Partner of Blue Sky Communities, said at the ribbon-cutting ceremony on Tuesday.
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The St. Petersburg Housing Authority (SPHA) plans to expand Clearview Park Apartments with a four-story, 47-unit building that would give leasing preference to seniors, while renovating the community’s existing affordable family housing.
The project at 3200 37th Avenue North would bring new apartments to an undeveloped portion of the property and update homes that have served residents for more than four decades.
For SPHA President and CEO Michael Lundy, the decision to pursue senior housing started with the agency’s waiting list.
“We look at the waiting list, and we see a lot of need for elderly housing,” Lundy said in a conversation with St. Pete Rising.
Clearview Park currently has 22 garden-style apartments that were built in 1982 on a 3.12-acre site owned by the housing authority.
Under the proposal, 18 existing apartments would be renovated, while four would be demolished to create road access to the new building. Once complete, the property would have 65 apartments, a net increase of 43.