An affordable senior apartment development is making its way to downtown St. Pete.
's $18 million, 96-unit Campbell Landings
project will offer Tampa Bay area seniors affordable rents in an active, urban location. Located on 6th Street South in St. Pete, qualifying seniors 55 and up will soon be able to take advantage of rents ranging from $280 to $680 monthly, depending on income.
Working with St. Pete architect Tim Clemmons of Mesh Architecture
and general contractor Winter Park Construction
, Campbell Landings will be developed under the Low Income Housing Tax Credit Program
with additional financing from JP Morgan Chase
and a $120,000 deferred payment loan from the City of St. Petersburg
"St. Pete has always been known as a nice place for seniors and we like what has been done with the downtown area,'' says DDA President Bowen Arnold. "Campbell Landings will help make downtown St. Pete a desirable, urban place to live.''
The apartments will be located in the heart of St. Pete, less than a quarter mile from Bayfront Medical Center
and in close proximity to public transportation, attractions such as the Mahaffey Theater
, Dali Museum
and Jannus Landing
; and public parks. Arnold says the development will offer amenities typically found in market rate apartments, but with significantly lower rental rates.
DDA hopes to set a new standard for affordable housing in neighborhoods near downtown St. Pete, offering features such as a lounge, cafe bar, exercise room, library computer lab, tenant storage area, covered parking, elevated outdoor deck, community garden, pass-key protected entry and energy-saving appliances.
Campbell Landings aims to attract seniors whose incomes don't exceed approximately $30,000 per year.
"We genuinely enjoy the opportunity to provide a nice, safe, affordable environment to seniors,'' Arnold says. "We hope to positively impact downtown by providing a high-quality senior development at affordable rents.''
DDA Development has developed more than 2,000 apartment under the tax credit program.
Writer: Alexis Quinn Chamberlain
Source: Bowen Arnold, DDA Development