{"id":125343,"date":"2026-01-20T20:27:08","date_gmt":"2026-01-20T20:27:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/125343\/"},"modified":"2026-01-20T20:27:08","modified_gmt":"2026-01-20T20:27:08","slug":"204-unit-affordable-housing-development-in-west-st-pete-revived-by-gravel-road-partners-with-county-funding-support","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/125343\/","title":{"rendered":"204-unit affordable housing development in west St. Pete revived by Gravel Road Partners with county funding support"},"content":{"rendered":"<p class=\"\" style=\"white-space:pre-wrap;\">Gravel Road Partners has positioned itself as a specialist in workforce and attainable housing, with Sixty90 representing its largest local commitment to date.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The apartments will average 1,022 square feet and feature vinyl plank flooring, private balconies or patios, energy-efficient appliances, and in-unit washers and dryers. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The building will wrap a concrete parking structure with 271 \u00a0vehicle spaces and include 218 bicycle parking spaces.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">Approximately 5,000 square feet of ground-floor commercial space will front Central Avenue alongside a leasing office. Planned amenities include a clubhouse, pool with lounge areas, fitness center, pet run, and co-working space.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">\u201cThere\u2019s a strong desire to incorporate a childcare or daycare component in this project,\u201d Toepke said. \u201cWe think that would be a huge asset for residents, especially families.\u201d The Gravel Road team is actively seeking an operating partner to help bring this vision to reality.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The project is estimated to cost approximately $67.2 million. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\"><a href=\"https:\/\/www.valley.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Valley Bank<\/a> provided construction financing on Gravel Road\u2019s first ground-up development in St. Pete\u00a0and has committed to being their construction lender again in the amount of approximately $40 million. The project will also include approximately $15 million in developer equity.<\/p>\n","protected":false},"excerpt":{"rendered":"Gravel Road Partners has positioned itself as a specialist in workforce and attainable housing, with Sixty90 representing its&hellip;\n","protected":false},"author":2,"featured_media":125344,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":{"0":"post-125343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-st-petersburg","8":"tag-st-pete","9":"tag-st-pete-headlines","10":"tag-st-pete-news","11":"tag-st-petersburg","12":"tag-st-petersburg-headlines","13":"tag-st-petersburg-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/125343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=125343"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/125343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/125344"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=125343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=125343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=125343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}