Blue Sky Communities, the corporate that’s constructing SkyWay Lofts, an inexpensive housing challenge in St. Petersburg’s Skyway Marina district, has requested the town to designate the property as a brownfield website.
Blue Sky found contamination from an underground storage tank on the website, in keeping with a report back to St. Petersburg metropolis council. Prior to now, the tank could have held common heating oil, but it surely was empty when employees discovered it, stated Shawn Wilson, president of the Tampa-based firm. Blue Sky, which prides itself on strict adherence to all codes and rules, will take away the tank, he stated.
“The Brownfield designation permits us to shut a funds hole created by our response to this problem and correctly handle any future danger, regardless of how small,” Wilson stated in an electronic mail to the St. Pete Catalyst. “On this manner, we preserve the mission of offering trendy, cutting-edge inexpensive housing for households in want that create a sustainable platform for well-being and a gateway to financial alternative and empowerment.
SkyWay Lofts, which debuted in September, is a $ 16.1 million improvement at 3900 34e St. N and 3319 thirty ninth Ave. S. It can encompass two buildings with 65 one- and two-bedroom flats for working households and other people on mounted incomes. All flats might be supposed for tenants whose family revenue is the same as or lower than 80% of the median revenue for the area.
“Development goes nicely at SkyWay Lofts and our first residents are anticipated to maneuver in later this yr,” Wilson stated. “Our future residents might be assured that SkyWay Lofts might be secure due to Blue Sky’s insistence on full compliance with all related codes and rules.”
Among the many standards that should be met to be designated as a brownfield website, there’s a requirement that the rehabilitation and redevelopment result in financial productiveness of the realm.
For the reason that challenge is inexpensive housing, it’s exempt from these standards, in keeping with a report from metropolis workers. Nonetheless, Blue Sky stated the challenge is anticipated to generate $ 5.1 million in native revenue and 70 jobs throughout building. After building, it’s estimated to generate $ 1.6 million in native revenue and 20 jobs.
Metropolis council gave its preliminary approval to the designation in the course of the first of two required public hearings on Thursday. The second listening to and a closing vote are scheduled for Could 6. The town shouldn’t be answerable for website remediation prices or any contamination, in keeping with the town workers report.
The Florida Brownfield program has confirmed to be an efficient software in guaranteeing that every one improvement websites are clear, secure and protecting of public well being, whereas additionally offering restricted however obligatory monetary incentives, Wilson stated. “We congratulate the town of St. Petersburg for collaborating with us on this distinctive state program.”