{"id":5911,"date":"2025-10-16T02:23:44","date_gmt":"2025-10-16T02:23:44","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/5911\/"},"modified":"2025-10-16T02:23:44","modified_gmt":"2025-10-16T02:23:44","slug":"54-year-old-apartment-building-to-undergo-redevelopment-at-518-3rd-ave-s-st-petersburg-fl-33701","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/5911\/","title":{"rendered":"54-Year-Old Apartment Building to Undergo Redevelopment at 518 3rd Ave. S., St. Petersburg, FL, 33701"},"content":{"rendered":"<p> <img width=\"777\" height=\"492\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/Screenshot-2025-03-10-at-12.35.19\u202fPM-777x492.png\" class=\"u-photo wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/>The building offers 188 units and measures 11 stories. Image from Google Earth <\/p>\n<p class=\"entry-meta\"> By: <a rel=\"author nofollow noopener\" class=\"fn p-author h-card\" href=\"https:\/\/floridayimby.com\/author\/colt\" target=\"_blank\">Colt Dodd<\/a> 7:00 am on March 11, 2025<\/p>\n<p>An aging apartment building for seniors in St. Petersburg is slated for a major overhaul that will improve its common spaces, infrastructure, and windows. The Viridian, which was constructed in 1977, currently measures 11 stories and offers 188 units.<\/p>\n<p><a href=\"https:\/\/stpetecatalyst.com\/st-pete-housing-developments-receive-influx-of-county-cash\/\" rel=\"nofollow noopener\" target=\"_blank\">The St. Pete Catalyst<\/a> notes that the site will receive a $73.2 million \u201cfacelift\u201d that will improve the building\u2019s longevity and enhance residents\u2019 living space. As part of the renovation, the high-rise community will be renamed \u201cSkye Isle Apartments\u201d, and it will offer residency to elderly tenants earning at or below 60 percent of the area median income (AMI). According to <a href=\"https:\/\/www.huduser.gov\/portal\/datasets\/home-datasets\/files\/HOME_IncomeLmts_State_FL_2024.pdf\" rel=\"nofollow noopener\" target=\"_blank\">HUD<\/a>, a one-person household could earn no more than $40,140 annually to qualify.<\/p>\n<p>Skye Isle Apartments\u2019 redevelopment is anticipated to take 12 months to complete. The community\u2019s current residents will be relocated to vacant apartments in the same building while sitework takes place. Hennessy Construction is the general contractor. Sage Partners LLC owns the building, having purchased it for $6.8 million in 2009.<\/p>\n<p>Skye Isle Apartments isn\u2019t the only evolving development for seniors in St. Petersburg. Last year, Florida YIMBY reported on <a href=\"https:\/\/floridayimby.com\/2024\/02\/flats-on-4th-to-offer-80-age-restricted-units-in-st-petersburg-fl.html\" rel=\"nofollow noopener\" target=\"_blank\">Flats on 4th<\/a>, an affordable housing development costing $37.5 million to complete. That project will measure four stories and offer 80 units. Residency would be reserved for those earning 40 to 60 percent of the AMI.<\/p>\n<p>Skye Isle Apartments (formerly the Viridian) is located at <a href=\"https:\/\/maps.app.goo.gl\/Ed3K42kmyPZge64XA\" rel=\"nofollow noopener\" target=\"_blank\">518 3rd Ave. S., St. Petersburg, FL, 33701<\/a>, in Pinellas County.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><\/p>\n<p style=\"display: inline;\">. <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"The building offers 188 units and measures 11 stories. Image from Google Earth By: Colt Dodd 7:00 am&hellip;\n","protected":false},"author":2,"featured_media":5912,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-5911","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\/5911","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=5911"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/5911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/5912"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=5911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=5911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=5911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}