The 134th Avenue and Pine Street site presents a rare opportunity to acquire and develop residential housing with favorable zoning and building regulations. Current residential offerings in the area are mostly garden-style apartments that have had tremendous success with strong rents and occupancy rates. The area is in high demand for affordable residential development and the 134th Avenue and Pine Street therefore becomes a highly coveted development parcel. In combination with lack of development land, both land acquisition costs and construction costs are extremely low in the area making the site an ideal investment for a developer. The site is ideally situated adjacent Ulmerton Road which is a major Pinellas Road that passes from one side of St Pete to other. Residents of the proposed development will have access to major retailers within close proximity and close to beaches. Zoned RPD-5 Multi Family (RPD-7.5 with Suitable Affordable Housing Development). The site features 18.43 acres of vacant land and has been previously zoned for the development of up to 138 Town Homes and an additional affordable housing density totaling 207 units and possible higher density.