A Chicago development team is preparing to begin construction on a 24-story apartment tower in downtown St. Pete, bringing 373 apartments, ground-floor retail, and a rooftop lounge to a site just steps from Central Avenue. Focus is actively conducting early groundwork testing at 275 5th Street South as it moves toward construction of its first … Read more
Focus and Bradford Allen have secured a $135 million construction loan to advance the development of 275 5th Street, a planned multifamily high-rise in downtown St. Petersburg. The financing, originated by Affinius Capital, will support construction of a 24-story, Class A residential tower that combines rental housing with ground-floor retail space in one of the … Read more
St. Petersburg, FL Affinius Capital LLC has originated a $135 million construction loan to finance the ground-up development of 275 5th St. The 24-story, Class A multifamily property will feature 373 apartments and 6,384 s/f of retail. The loan was made to Focus, a real estate company that integrates design, construction, and financial expertise, and Bradford Allen, … Read more
A partnership between real estate construction and financial company Focus and commercial real estate development firm Bradford Allen has secured a $135 million construction loan for 275 Fifth St., a residential project in St. Petersburg, Fla. Affinius Capital provided the note. The partnership acquired the 1-acre development site in 2023 for $20.2 million. The team developing the project includes general … Read more
Focus and Bradford Allen closed on a $135 million construction loan to fund development of 275 5th Street in downtown St. Petersburg. Affinius Capital originated the loan. The 24-story, Class A multifamily property will feature 373 apartments and 6,384 square feet of retail. 275 5th Street will feature a mix of junior one-bedroom, one-bedroom, and two-bedroom apartments, … Read more
The community is slated to open in 2028. A partnership between real estate construction and financial company Focus and commercial real estate development firm Bradford Allen has secured a $135 million construction loan for 275 Fifth St., a residential project in St. Petersburg, Fla. Affinius Capital provided the note. The partnership acquired the 1-acre development … Read more
The developers behind a new 24-story downtown St. Petersburg tower have secured a $135 million construction loan as construction is about to begin. The loan to the firms Focus Development and Bradford Allen was originated by San Antonio, Texas-based Affinius Capital. Affinius announced the financing package but did not disclose the terms. The tower is … Read more
Class A rental and retail development at 275 5th Street to deliver in 2028 Affinius Capital LLC announced today it has originated a $135 million construction loan to finance the ground-up development of 275 5th Street in downtown St. Petersburg, Fla. The 24-story, Class A multifamily property will feature 373 apartments and 6,384 square feet of retail. The loan was … Read more
Construction is set to start on a high-rise mixed-use development in St. Petersburg following years of delays. In 2023, Chicago-based Focus purchased the project’s now-vacant 0.92-acre corner lot for $20.23 million. Yet, because of various financial and administrative delays, plans stalled – until just recently. Focus, in partnership with Bradford Allen, is planning a 24-story … Read more
The project is taking shape in one of the nation’s most competitive rental markets. Bradford Allen and development partner Moceri + Roszak have topped off the first phase of Arlington Gateway, a mixed-use development in the northwest Chicago suburb of Arlington Heights, Ill. The master-planned project will be anchored by an eight-story, 301-unit multifamily community, … Read more