City staff said the company has met all other requirements of the purchase agreement.SEATTLE - In spring 2020, just as the first Covid-19 surge was peaking and businesses, schools, and whole countries were shutting down, a young couple named Elizabeth and Anton made a bold move. This is the right development in the right place at the right time.”ĭeNunzio was previously given until December to submit the required documents. “Because we’re very bullish on where our city is and where our city is going. Petersburg, that’s music to our ears,” Council Chair Ed Montanari said. “When you say you’re bullish on the market and you’re bullish on St. Pete has a housing state of emergency.īut council members expressed support for the project. Kilgore said with Tampa Bay experiencing the highest increase in rents anywhere in the country, and the ongoing COVID-19 pandemic, St.
That project’s builder, John Catsimatidis, told Kilgore to “ get a job” and “if you work harder, you can live here.” Petersburg Tenants Union protested the 400 Central Ground breaking. Some structures are even razed for new developments, like the 400 Central project that recently broke ground.Īdvocacy groups have popped up around the city demanding more access to and assistance with affordable housing. But it also comes at a time when luxury high rises are popping up in seemingly every vacant square of the city. The move comes after a 2016 parking study found that area to be in need of more parking.
Tally square apartments full#
That amounts to nearly $7 million for 240 spaces, but could go up to $8.6 million for a full 300.
While the sale was being negotiated, the City entered into an agreement with the DeNunzio Group to purchase between 240 and 300 parking spaces in the structure for public use. His company, the DeNunzio Group, now has an extra six months to submit building permit applications and other required documents for the construction of a 29-story mixed-use high rise at 450 1st Ave. “And hopefully limit their need for automobiles.”Ĭouncil unanimously approved an extension to DeNunzio’s purchase agreement with the city. “We’re hoping it will provide the chance for workers and people around the city and bartenders and everybody else who’s been pushed out a little bit to the fringe - because of pricing - to be able to remain in the heart of the city,” DeNunzio told the City Council Thursday. The structure will feature 160 “micro-units.” The square-footage will still be priced at market rates, but some of his apartments will have less of it. The developer of one of the next luxury high-rises in the city is trying to price-in workers instead of pushing them out. They are, after all, the ones responsible for keeping so much of the restaurants, arts, night life and retail in the City’s cultural hub moving, he said. Pete and doesn’t want to see them pushed out of the city’s downtown core. Dustin DeNunzio cares about the working class of St.
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