The eight-acre site is near the organization’s Longlake Preserve community.
St. Petersburg has triggered a state law that requires public notice before disposing of property in a community redevelopment area.
A developer based in South Florida can now build up to 776 housing units at the site.
“We’re trying to house people immediately.”
"The Sky Town development marks a new era for the Skyway Marina District."
Nine of the project's units are for people who earn just 30% of the area median income.
Two local experts stressed the importance of strategic planning, collaboration, adaptability and applying industry best practices.
Two new homes will be built on City-owned land for individuals who earn 80% of the area median income or below.
CEO Mike Sutton said the new benchmark “speaks volumes” about the community and "the people who wrap their arms around” the local affiliate.
The developer credited current and former local government officials for 'helping us keep this thing alive.'