Nonprofits unite to build 73 affordable housing units in downtown St. Pete

Downtown St. Petersburg will soon have 73 affordable housing units that will be predominately targeted toward unhoused residents.

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Nonprofits unite to build 73 affordable housing units in downtown St. Pete

bizjournals bizjournals | 1 year ago

Downtown St. Petersburg will soon have 73 affordable housing units that will be predominately targeted toward unhoused residents.

Downtown St. Pete developer is crafting a blueprint for affordable housing in Florida

bizjournals bizjournals | 2 years ago

The St. Pete-based company is creating the first affordable housing development under House Bill 1339 and may soon be seeing its work replicated throughout the state.

First of its kind affordable housing development approved in St. Pete

bizjournals bizjournals | 2 years ago

This development — which will be entirely made up of affordable and workforce housing — is the first to be approved under the new ordinance that allows affordable housing projects to be built in non-residential zoned areas.

Committee recommends $5.5M in funding for affordable housing in St. Pete

bizjournals bizjournals | 1 year ago

The committee recommends that city council approve millions in funding to create or preserve 429 affordable housing units.

Mirror Lake condo tower in St. Pete lands $73 million construction loan

bizjournals bizjournals | 2 years ago

Hemmer Group, the developer of Reflection Condominiums on downtown St. Petersburg’s Mirror Lake, has taken out a $73.375 million loan for the project. ACRES Capital Corp. said it originated the loan to Mirror Lake Place LLC — which is linked to Hemmer in state records — to “fund the development of Reflection Condominiums.” The development will feature 88 condos in 18 stories and will also have 2,763 square feet of retail space available for rent, 27,691 square feet of common area a...

St. Pete takes steps to further embrace accessory dwelling units

bizjournals bizjournals | 1 year ago

Among the many conversations the city is having regarding increasing density is a focus on expanding eligibility for accessory dwelling units.

New York investor buys prime downtown St. Pete lot

bizjournals bizjournals | 2 years ago

A parking lot approximately one block from Mirror Lake in downtown St. Pete was sold.

Affordable housing nonprofits merge, shed acronyms

bizjournals bizjournals | 1 year ago

The newly formed nonprofit will serve as the affordable housing arm of the existing nonprofit Transforming Age, which is focused on the issues of seniors.

Affordable housing developers seek exemptions for seven St. Pete projects

bizjournals bizjournals | 1 year ago

Allowing the projects to be exempt from the program would expedite the delivery of nearly 400 proposed units.

Boutique condo tower begins construction in downtown St. Pete

bizjournals bizjournals | 1 year ago

Construction is underway at The Nolen, a boutique luxury condominium in downtown St. Petersburg. The condominium is located at Fourth Avenue NE, near The Vinoy Renaissance and North Straub Park. DDA Development is the developer. The project team is comprised of Backstreets Capital, PLACE Architecture, Melissa Kelly Design Studio, Ellison Construction and Smith & Associates Real Estate. All are based in the Tampa Bay area. The 23-story tower has 31 condos. Floors five through 15 will have two u...