Whether a St. Petersburg resident earns $8 or closer to $20 an hour at their job, local officials want to ensure the diverse workforce can call St. Pete their home, and it’s getting one step closer to that goal.
On Tuesday, Blue Sky Communities, alongside elected city and county officials, celebrated the opening of SkyWay Lofts, a 65-unit affordable development at 3900 34th St. N and 3313 29th Ave. S. in the Skyway Marina District.
“This is an area that’s transforming from a hidden gem to one of the most important districts in our city,” Scott Macdonald, executive vice president and CFO of Blue Sky, said to the crowd during the event.
SkyWay Lofts has two buildings with one-bedroom and two-bedroom apartments for working families and persons on fixed incomes. All of the apartments are designated for tenants whose household income is far less than the area’s median income.
However, what’s unique about the project is how the affordable housing units are tiered. Rents range from $315 a month for a one-bedroom, one-bath unit for a tenant whose income is 30% of the AMI to $1,160 a month for a two-bedroom, two-bath unit for a tenant making 80% of the AMI. Although, the majority of the units are priced at $762 per month for a one-bedroom apartment and $901 per month for a two-bedroom apartment.
