Seven-story affordable apartment building for seniors proposed for city-owned lot in downtown St. Pete
/The City of St. Pete has received another offer to redevelop part of the Historic Gas Plant District in downtown St. Pete.
The Pinellas County Housing Authority (PCHA) has submitted an unsolicited proposal to purchase and redevelop a city-owned parking lot at 1659 3rd Avenue South into an 80-unit affordable housing building for seniors.
In 2023, the Rays and Hines submitted a nearly identical proposal for the same site.
The property, which sits adjacent to the recently completed Modera St. Petersburg apartment tower, has been historically used as parking for Tampa Bay Rays games.
In an October 8th offer letter to the city, PCHA Executive Director Neil Brickfield detailed plans for a seven-story building designed by St. Pete-based Storyn Studio for Architecture in partnership with local developer Ascension Real Estate Partners.
The proposal calls for the City to convey the land to PCHA so it can utilize the Affordable Housing Voucher Program to ensure long-term affordability.
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Construction is underway on Azalea Cay, a planned 1,000-unit apartment community on the former Raytheon property in west St. Pete.
Tampa-based Metro Development Group, St. Pete-based Porter Development, and local elected officials broke ground Monday morning on the first phase of the project at 1501 72nd Street North, near Azalea Park and Tyrone Square Mall.
The $109.8 million first phase will bring 341 apartments, including 102 income-restricted homes.
Fifty-one apartments will be reserved for households earning up to 80% of the area median income (AMI), while another 51 will be available to households earning up to 120% of AMI.
“I look around and I envision someday teachers, nurses, first responders coming home from a tough day at work and calling Azalea Cay home,” Les Porter, president of Porter Development, said during the ceremony. “Maybe one of the big reasons why they’re still able to live in St. Pete is because of the rent associated with their apartment.”
The remaining 239 apartments will rent at market rate. The income-restricted units must remain affordable for at least 50 years.