Affordable Housing proposed in Clearwater
A vacant lot that has been considered an eyesore for many is now being eyed for a 40-unit affordable housing project. The site, located at 1467 S Martin Luther King Jr. Ave, is 1.18 acres and is owned by Tampa based HSW Associates. Krikor Kassarjian and Robert Pergolizzi of Golf Coast Consulting are the developers behind the application to redevelop the property.
The site currently has commercial zoning. The plan for the site is to build a three-story, 40-unit building with 10 units set aside for households making no more than 120% of the Area Median Income. The current zoning of the site allows for 24 units per acre, but with an affordable housing density bonus the developer could build up to 42 units.
There will be a mix of one- and two-bedroom units, 43 parking spaces, and a bike rack. A PTSA bus stop is nearby. The site was previously used as an automotive sales center that was demolished in 2010, and the site has been vacant since. The Clearwater Development Review Commission will review the project on April 6th.
Source: Tampa Bay Business Journal
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