Entries by DomresRealEstate

St. Petersburg allocates $20 million for affordable housing

St. Petersburg City Council has approved allocating more than $20.3 million in American Rescue Plan Act funds to six affordable housing projects. In total, 483 affordable units will be delivered via seven projects — six of which will receive ARPA funds. The seventh project will receive support from the Housing Capital Improvement Fund. The affordability period ranges from approximately 40 to 99 years for the different developments. Rising costs from inflation and ongoing supply chain issues have…

Boutique condo tower begins construction in downtown St. Pete

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 units…