Burlington Place

Burlington Place is new construction, 53 unit affordable housing community in the City of St. Petersburg’s Historic Kenwood neighborhood. The mid-rise property is “green” certified and has many on-site amenities, including, a fitness center, a library, community spaces, and professional management. 60 roof top solar panels capable of producing 17 Kwh of electricty were installed.

Green Mills acquired the vacant property from a private land seller, serves as the lead developer and managing partner. Burlington Place was awarded a competitive 9% tax credit allocation from Florida Housing Finance Corporation in May 2015. Financial closing and groundbreaking occurred in the first quarter of 2016. Construction was completed in Summer of 2017. Burlington Place maintains full occupancy; please visit its website for more information or to join the property’s interest list.

Location St. Petersburg, Florida
Demographic
Family 
No. Units
53
Lender(s)
TD Bank, Neighborhood Lending Partners, City of St. Petersburg
Limited Partner
Raymond James Tax Credit Funds
Development Cost
$12.3MM
Website
www.burlingtonstpete.com

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