An affordable housing-focused developer is breathing new life into a long-dormant, $67.2 million project in west St. Petersburg after several years of uncertainty.
Washington D.C.-based Gravel Road Partners is now building Sixty90, a 204-unit apartment community with ground-level retail space. Pinellas County commissioners unanimously approved $6.71 million in funding for the new iteration, which will dedicate 60% of its units to households earning up to 80% of the area median income (AMI).
Local real estate investment firms DDA Development and Backstreets Capital first proposed Sixty90 in December 2020. Tyler Herbert, founding partner of Gravel Road Partners (GRP), said keeping most of the original design should allow his company to break ground at 6090 Central Ave. in the summer…