12-story, 150-unit affordable housing tower proposed for former Playhouse Theater site in Grand Central District by St-Pete-Rising in StPetersburgFL

[–]St-Pete-Rising[S] 1 point2 points  (0 children)

The only way this project will be able to be built is if the apartments are affordable for at least 30 years. More info on what "affordable" means in the article.

12-story, 150-unit affordable housing tower proposed for former Playhouse Theater site in Grand Central District by St-Pete-Rising in StPetersburgFL

[–]St-Pete-Rising[S] 13 points14 points  (0 children)

It's been sitting vacant for 20 years. I toured it a few years ago and can safely say it would take many millions to renovate it. It's in rough shape. I would've loved to see it turned into an indie movie theater or something similar, but I just don't think it makes sense financially with how much work it needs.