Plans Revised for ‘Azalea Cay’ at 1501 72nd St N, St. Petersburg, FL

Clearwater-based Porter Development has revised plans for a project once known as “Azalea Gateway” in St. Petersburg.

The venture, renamed “Azalea Cay,” will comprise multiple phases that will yield 1,056 residences. Revised plans for the first phase call for 340 apartments, 102 of which will be designated as income-restricted housing. Fifty-one will be reserved for households earning up to 80 percent of the area median income (AMI), while another 51 will be reserved for households earning up to 120 percent of the AMI.

The venture will host 12 buildings across multiple phases. Image from Azalea 33710

The remaining 238 homes would be unrestricted market-rate units. The 340 apartments would be divided among three buildings. The subsequent phases would bring the final number of buildings to 12. Each phase would offer a host of communal amenities, including but not limited to a swimming pool.

Porter Development recently secured $63.5 million in financing to guide Azalea Cay to completion. The venture has been in the works for nearly six years, with two revisions made during that period. The initial proposal called for a sports center; the second called for residences but with some slight differences to what’s currently proposed.

Azalea Cay is planned for 1501 72nd St N, St. Petersburg, FL, 33710, in Pinellas County.

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