ArchiWise tracks 7 stories about real estate, zoning, permitting, and policy in St Petersburg, Pinellas County, Florida. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
Habitat for Humanity Tampa Bay Gulfside has initiated construction on Lealman Heights, a $10 million affordable housing development comprising 26 two-story townhomes in St. Petersburg, Florida, targeting households earning 30 to 80 percent of the area median income.
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Developer Kolter Urban has proposed a significant two-tower condominium project for the former Hilton St. Petersburg Bayfront site in Pinellas County. The 44-story development would introduce 325 new condos and commercial space, marking one of the largest residential ventures in the area's history.
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A 23-story residential complex in St. Petersburg, Florida, has secured $75 million in fixed-rate Freddie Mac financing, arranged by Walker & Dunlop for borrower FrontRange Capital Partners.
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Magellan Housing has secured $7.05 million in funding for Trailside Estates II, a 94-unit affordable housing development for seniors aged 55 and older in St. Petersburg, Florida. This project, estimated at over $35 million, will provide one and two-bedroom apartments near the Pinellas Trail.
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PTM Partners has secured $125 million in construction financing from an affiliate of General Investment and Development (GID) for Edge Collective II, a 330-unit multifamily tower in downtown St. Petersburg, Florida. This project represents the second phase of a larger mixed-use development.
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The initial phase of the Azalea Cay development, featuring 341 residences including affordable and workforce housing, has commenced construction on the former Raytheon site in St. Petersburg, Florida. This project involves Metro Development Group, Porter Development, and the City of St. Petersburg.
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BendinRoad Development has updated its plans for The Residences at 1663 in St. Petersburg, converting a portion of the 120 units to affordable housing to secure financial incentives. This adjustment will designate 48 units for households earning up to 80 percent of the area median income.
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