A 29-acre property could be transformed into a massive mixed-income apartment complex. St. Pete Rising reports that the multi-phase Azalea Gateway would have 1,000 units, 300 of which would be affordable housing. Sources say this makes it one of the “largest public-private housing projects in the history of St. Petersburg.”
The venture would offer 1,000 units at full buildout. Image by ARC3 Architecture
The venture’s first and second phases would yield 320 units, with 96 reserved as affordable housing. The third phase would yield 360 units, with 108 affordable housing units. Residency is reserved for those earning 80 to 120 percent of the area median income (AMI).
According to the City of St. Petersburg, that means a one-person household would have to make $53,500 to $80,280 annually to qualify. Communal amenities could include a fitness center, leasing office, yoga room, game room, swimming pool, and other features. In total, Azalea Gateway would have 1,174 parking spots, breaking down to 1.174 per unit.
Each phase is expected to take two years to complete, and the venture is expected to wrap up in 2030. At the time of publication, developers had filed funding requests to the City of St. Petersburg and Pinellas County.
Azalea Gateway would lie on the former site of Raytheon Technologies, located at 1501 72nd Street North, St. Petersburg, FL, 33710, in Pinellas County.
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