Metro Development Group Breaks Ground on $109.8M Azalea Cay Housing Project
1 report, 1 independent
Updated Sep 10
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Metro Development Group and Porter Development began construction on Azalea Cay, a new residential community in St. Petersburg. Phase One of the project represents a $109.8 million investment and will include 341 apartments, with some units offered at market rate and others reserved for lower-income households. The overall development is supported by $11.25 million in combined public investment.
From multifamilybiz.com
Why it matters
The project demonstrates a partnership between the public and private sectors to increase housing options. The public investment, including $6 million approved by the City of St. Petersburg, is expected to bring new value to the property and support local housing goals.
From multifamilybiz.com
Who's involved
- Ken WelchMayor of St. Petersburg, who joined the groundbreaking ceremony.
- Brian ScottPinellas County Commissioner, who joined the groundbreaking ceremony.
- St. PetersburgThe city where the new residential community is being built.
- Pinellas CountyThe county providing a commitment of public funds for affordable housing.
- city councilThe legislative body of St. Petersburg that approved $6 million for the project.
Keep exploring
The entities involved
-
Ken Welch
American politician