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Largo adds to redevelopment efforts along the Clearwater-Largo Road corridor | Families

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Largo adds to redevelopment efforts along the Clearwater-Largo Road corridor
Families
Largo adds to redevelopment efforts along the Clearwater-Largo Road corridor

Largo, Florida -- A groundbreaking ceremony at 10:30 a.m. on Wednesday, July 27, will celebrate the newest addition to Largo’s redevelopment efforts along the Clearwater-Largo Road corridor. Bayside Court Apartments is an affordable housing apartment complex that is the result of a partnership between public and private sectors.

Pinellas County, the city of Largo, the Housing Finance Authority of Pinellas County, Neighborhood Lending Partners and JPMorgan Chase joined efforts to bring this project to the community. Pinellas County, Largo and the Housing Finance Authority provided financial assistance from the federal Neighborhood Stabilization Program, which supports the purchase and redevelopment of foreclosed properties.

Neighborhood Lending Partners, a multi-bank lending consortium that provides financing for developers of affordable housing and community revitalization, partnered with Pinellas County and the Housing Finance Authority to secure this federal funding.  The Housing Finance Authority also issued multi-family bonds for the new development which has been placed in the county’s Community Land Trust.

The mixed-income garden style apartments will be developed by The Richman Group of Florida, Inc. JPMorgan Chase & Co. is providing financing of $10.25 million during the construction phase. 

Participants in the ceremony will include members of the Pinellas County Board of County Commissioners, Largo Vice Mayor Robert Murray and other Largo commissioners, members of the Housing Finance Authority of Pinellas County and Neighborhood Lending Partners, developers, and local business and neighborhood representatives.

 “This is an exciting, creative project that leveraged federal, local and private funding to create a unique community that residents will be delighted to call home,” said Anthony M. Jones, director of Pinellas County Community Development and executive director of the Housing Finance Authority.

Bayside Court will consist of 144 two- and three-bedroom apartments with unit sizes ranging from 1,022 square feet to 1,288 square feet. The floor plans include 9-foot ceilings, private balconies, fully equipped kitchens with Energy Star appliances and built-in microwave; Shaker-style cabinetry, granite-like countertops and ceramic tile floors.

Bayside Court will also offer outdoor amenities, including a resort-style pool, a playground and a car-care area. The 4,000-square-foot clubhouse will feature a resident lounge with a billiards table, an activity room with WiFi, computer workstations and a full fitness center.

Bayside Court is scheduled to be completed by the summer of 2012. Leasing is scheduled to begin in March of 2012.  Leasing information is available at www.baysidecourtfl.com or (888) 344-9222.

For more information on Pinellas County services and programs, visit www.pinellascounty.org, now with LiveChat, or create a shortcut to www.pinellascounty.org/mobile on any smartphone. Pinellas County government is on Facebook, Twitter and YouTube. Pinellas County complies with the Americans with Disabilities Act.

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