Southport Financial Services and Moore Bass Consulting are working together on an affordable housing development in Largo. The aptly named Largo Station is set to occupy 5.9 acres of a larger 15.5-acre property, where it would host 168 units in three buildings.
More specifically, there would be two five-story buildings with 60 units each, and another four-story building with 48 units. Because developers are seeking approval under the Live Local Act, at least 40 percent of the homes (67) must be designated as workforce housing, which is defined as housing reserved for households earning at or below 120 percent of the area median income (AMI). The remaining units will be market-rate homes. At the time of publication, Largo’s median household income was $43,865.
In addition to the homes, Largo Station would host a residents’ clubhouse, “amenity structure,” and 208 parking spots. Originally, Largo Station’s build site was set to host the second phase of Allora, which would offer 96 units. Allora itself is still undergoing construction, where upon completion, it’ll offer 240 units. Combined with Largo Station, the two would deliver 408 apartments to the region.
SP Ridge Apartments LLC, an affiliate of Southport Financial Services, is under contract to buy Largo Station’s build site from Belleair Development Group for an undisclosed amount. If given the green light, Largo Station would unfold right next to Allora at 800 8th Avenue Southeast, Largo, Florida, 33771, in Pinellas County…