![\"\"](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/06\/275.jpg\")
<\/p>\n\t\t\t\t\t\t<\/p>\n
(Photo credit: Credit Place Architecture)<\/p>\n
Affinius Capital LLC<\/a> announced today it has originated a $135 million construction loan to finance the ground-up development of 275 5th Street in downtown St. Petersburg, Fla. The 24-story, Class A multifamily property will feature 373 apartments and 6,384 square feet of retail. The loan was made to\u00a0Focus<\/a>, a real estate company that integrates design, construction, and financial expertise, and\u00a0Bradford Allen<\/a>, a national full-service commercial real estate development and advisory firm.<\/p>\n Affinius Capital Co-Head of Debt Originations Eric Cohen commented: \u201c275 5th Street is exactly the kind of institutional-quality asset we look to back with a premier location in one of Florida\u2019s fastest-growing urban cores. This project is well-positioned to capture continued demand for high-quality urban residential\u00a0product, and\u00a0Focus and Bradford Allen bring the experience and track record to execute. We look forward to growing these partnerships.\u201d<\/p>\n 275 5th Street will feature a mix of junior one-bedroom, one-bedroom, and two-bedroom apartments, along with an extensive suite of amenities including an outdoor swimming pool and sun deck, fitness center with yoga and spin rooms, coworking space, resident lounges, and more. Completion is slated for 2028.<\/p>\n (Photos credit: Gensler)<\/p>\n \u201cDowntown St. Petersburg has experienced rapid population growth, making it highly attractive from an investment standpoint,\u201d said Brian Carley, senior vice president, development, Bradford Allen. \u201c275 5th Street will bring new housing and retail to a prominent site that benefits from its proximity to Central Avenue \u2014 the city\u2019s primary cultural and commercial corridor \u2014 and the Tampa Bay waterfront.\u201d<\/p>\n \u201cProjects that begin construction today are positioned to deliver into a more balanced supply environment,\u201d said Tim Anderson, founder and CEO of Focus. \u201cDowntown St. Petersburg continues to benefit from population growth, employment expansion, and strong renter demand, making this an ideal time to bring new housing to the market.\u201d<\/p>\n Located in downtown St. Petersburg at the heart of one of the city\u2019s most walkable and desirable urban neighborhoods, 275 5th Street is steps from the Tampa Bay waterfront and two blocks south of Central Avenue, one of the city\u2019s primary commercial corridors. The site is serviced by the PSTA bus network, the Downtown Looper, Central Avenue Trolleys, and the Pinellas Trail.<\/p>\n About Affinius Capital LLC<\/p>\n Affinius Capital\u00ae is an integrated institutional real estate investment firm focused on value creation and income generation. With a 40-year track record and $61 billion in assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit\u00a0www.affiniuscapital.com<\/a>.<\/p>\n About Bradford Allen<\/p>\n Bradford Allen is a national commercial real estate services and investment firm headquartered in downtown Chicago. Founded in 2003 by Jeffrey Bernstein and Laurence Elbaum, the company\u2019s vertically integrated platform services entrepreneurial,\u00a0corporate\u00a0and not-for-profit clients in every sector. Bradford Allen offers end-to-end solutions to owners, occupiers and investors through brokerage and advisory services, building operations and management, program management and consulting, and real estate investments and development. For more information, visit\u00a0bradfordallen.com<\/a>.<\/p>\n About Focus<\/p>\n Focus is a real estate company operating at the intersection of development, construction, and investment. Since 1993 the firm has delivered distinctive developments valued at nearly $2.4 billion and total over 6,500 multifamily units. These projects range from smaller communities in historic districts to high-density, mixed-use redevelopments in thriving downtowns. For more information, visit\u00a0workwithfocus.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"(Photo credit: Credit Place Architecture) Affinius Capital LLC announced today it has originated a $135 million construction loan…\n","protected":false},"author":2,"featured_media":323817,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-323816","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/323816","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=323816"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/323816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/323817"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=323816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=323816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=323816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}