Florida
304-unit apartment development filed under Florida's Live Local Act proposed for 22nd Avenue North in St. Pete
A purchase price was not disclosed.
The proposed Hanover development will include 304 apartments which consist of 196 one-bedroom apartments and 108 two-bedroom apartments. All the units will rent to households earning at or below 120% of the area median income (AMI).
In 2024, for a two-person household in Pinellas County, the 120% AMI threshold is $91,680. AMI figures are adjusted according to household size and change annually.
The community will include four four-story apartment buildings, a clubhouse and leasing office building, and several one-story garage buildings. Amenities will include a swimming pool, fitness center, resident clubhouse, outdoor seating areas, and a dog run.
A total of 448 parking spaces will be included along with 320 bicycle parking spaces. The buildings will reach a maximum height of 41 feet.
A timeline for construction was not announced.