The developer anticipates obtaining site plan approval and permits by early 2027, with construction beginning shortly after and completion targeted for early 2029.
Skyway Flats would be Elmington’s first project in St. Pete.
In its application, the development team pointed to strong demand for affordable housing in the Skyway Marina District, noting that nearby income-restricted communities are fully occupied.
Across 38th Avenue South, Skyway Lofts, a 65-unit affordable housing community, opened in 2022, with a 66-unit expansion completed in January. Both buildings are fully occupied.
Just north along 34th Street South, the 2,084-unit Sky Town apartment development will designate 40% of its units as income-restricted housing. The first phase, totaling 401 apartments, will include 121 affordable units and is expected to begin welcoming residents in the second quarter of 2027.
“The Skyway Marina District is a booming market within St. Petersburg with an immense amount of market-rate development,” Elmington wrote in it’s application. “The nearest affordable housing development serving the same demographic has had a 100% occupancy rate consistently…further showing the need for affordable housing in this region.”