Pinellas County approves $8 million for 164 new affordable apartments

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Pinellas County approves $8 million for 164 new affordable apartments

Two new residential projects that will create 164 affordable housing units are poised to receive millions of dollars through Pinellas County taxes and other funding sources. 

This week, Pinellas County Commission Commissioners unanimously approved two separate funding requests for the 80-unit Flats on 4th apartments in St. Petersburg and the 84-unit Cypress Grove Apartments in Largo.

Archway Partners, an affordable and workforce housing real estate company with offices in Miami and Orlando, will work with Pinellas County and both cities to invest more than $69 million in the two apartment communities. 

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Amid concerns, $6.5 billion Rays stadium deal heads to final vote on Thursday

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Amid concerns, $6.5 billion Rays stadium deal heads to final vote on Thursday

Flexible language around promises to bring affordable housing to the area and the lack of transparency on the Tampa Bay Rays partnership agreements are at the top of city council members' minds.

St. Petersburg City Council members met as the Committee of the Whole (COW) Tuesday morning to analyze the details and recent tweaks made to agreements for both the proposed Rays stadium and the Historic Gas Plant redevelopment just two days before they cast their final vote.

The $6.5 billion development, which is being spearheaded by The Rays and Hines, would transform 86 acres in the heart of downtown St. Pete into an 8-million-square-foot mixed-use district anchored by a new ballpark - becoming the largest project to ever commence in Tampa Bay. 

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Done Deals: St. Pete apartments sell, NY company relocates HQ to Pinellas, Indian Rocks Beach restaurant sells

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Done Deals: St. Pete apartments sell, NY company relocates HQ to Pinellas, Indian Rocks Beach restaurant sells

Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

Have real estate news to share? Send us an email at hello@stpeterising.com.

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Done Deals: Rays select construction firm for new ballpark, Stella’s expands in Gulfport, Mid-century home lists

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Done Deals: Rays select construction firm for new ballpark, Stella’s expands in Gulfport, Mid-century home lists

Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

Have real estate news to share? Send us an email at hello@stpeterising.com.

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Affordable housing for homeless and low-income breaks ground near downtown St. Pete

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Affordable housing for homeless and low-income breaks ground near downtown St. Pete

Two nonprofits are joining forces to create more affordable housing and resources for St. Pete's low-income and homeless population.

Nonprofits St. Vincent de Paul CARES, which strives to end homelessness, and Ability Housing Inc., a developer of affordable multifamily housing — operating as a joint venture Ability SVdP LLC — have commenced site work for a new 73-unit affordable housing project.

The six-story development, dubbed Vincentian Village, is under construction at 401 13th Street North adjacent to St. Vincent de Paul CARES’ Center of Hope shelter.

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