Construction is underway on Azalea Cay, a planned 1,000-unit apartment community on the former Raytheon property in west St. Pete.<\/p>\n
Tampa-based Metro Development Group<\/a>, St. Pete-based Porter Development<\/a>, and local elected officials broke ground Monday morning on the first phase of the project at 1501 72nd Street North, near Azalea Park<\/a> and Tyrone Square Mall<\/a>.<\/p>\n The $109.8 million first phase will bring 341 apartments, including 102 income-restricted homes. <\/p>\n Fifty-one apartments will be reserved for households earning up to 80% of the area median income (AMI), while another 51 will be available to households earning up to 120% of AMI.<\/p>\n \u201cI look around and I envision someday teachers, nurses, first responders coming home from a tough day at work and calling Azalea Cay home,\u201d Les Porter, president of Porter Development, said during the ceremony. \u201cMaybe one of the big reasons why they\u2019re still able to live in St. Pete is because of the rent associated with their apartment.\u201d<\/p>\n The units were initially planned to remain affordable for at least 30 years; however, it was extended to 50 years after negotiations with city and county staff, Porter said in a conversation with St. Pete Rising during the ceremony.<\/p>\n The remaining 239 apartments will rent at market rate. <\/p>\n The project, formerly known as Azalea Gateway, is planned across three phases and will ultimately bring about 1,000 apartments to the 29-acre site. About 300 of those homes are expected to be designated as affordable or workforce housing.<\/p>\n","protected":false},"excerpt":{"rendered":"Construction is underway on Azalea Cay, a planned 1,000-unit apartment community on the former Raytheon property in west…\n","protected":false},"author":2,"featured_media":413083,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-413082","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\/413082","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=413082"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/413082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/413083"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=413082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=413082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=413082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}