The Pinellas County Board of County Commissioners unanimously approved land acquisition funding Tuesday for a new affordable housing project in St. Petersburg’s Skyway Marina District.
Nashville-based Elmington Capital Group’s Skyway Flats development, at 3600 34th Street S., will feature a five-story building with 174 units. These apartments will be reserved for households who earn between 30 to 80% of the Area Median Income.
“There’s been a ton of development in St. Petersburg,” Elmington senior development associate Brie Kiewath told the Catalyst. “It’s amazing to see all of the growth. However, rent is getting more expensive and housing prices are going up. Providing attainable housing in an area that is booming is necessary.”…