Developer Breaks Ground on Affordable Apartments in Holiday
Phase I of the Park at Wellington is scheduled to open in late 2017.
HOLIDAY – The Housing Trust Group has broken ground on the initial phase of Park at Wellington.
The Park at Wellington is a $37.9 million, 220-unit affordable housing community for working families off U.S. 19 N in Holiday at 4369 Sunray Drive in Pasco County. It’s about 30 miles north of Tampa.
The Park at Wellington is mid-rise garden-style apartment community composed of 18 one-bedroom/one-bath units; 62 two-bedroom/two-bath units; and 30 three-bedroom/ three-bath units for families. Units range in size from 676 square feet to 1379 square feet. Half of the 220 units will be set aside for low-income residents. Rents will range from $367 to $783 per month.
Designed in the traditional Florida vernacular style (Victorian tropical), with elements derived from Frank Lloyd Wright’s architecture, the centerpiece of the community is a Grand Clubhouse featuring a cyber café, pool, exercise room, after-school care, laundry facility, offices and maintenance area. Residents will also enjoy the on-site playground, dog park and walking path around a central lake with various seating and gathering areas. The community is conveniently located directly across from a Publix grocery store, an elementary school and various other residential apartment communities.
Construction on Phase I of the apartment community, which includes 110 units and is slated to open in late 2017, began Monday (July 18). Construction of Phase II is expected to start in November 2016.
“Apartment rents are soaring in Pasco County and throughout Florida,” said Matthew Rieger, president and CEO of Housing Trust Group. “Park at Wellington aims to ease the burden on working families by providing modern, affordable housing in a safe, friendly neighborhood environment.”
The Housing Trust Group is an award-winning full-service developer of multifamily residential communities whose real estate transactions exceed $2 billion in commercial, land and residential developments across Florida, the southeastern U.S. and Arizona. HTG develops, builds and manages a diverse portfolio of affordable housing, workforce housing, market-rate housing, and mixed-use developments.
Currently, HTG has five affordable housing communities under construction in Florida. Other developments in progress include Valencia Grove in Eustis, Freedom Gardens in Brooksville, Wagner Creek in Miami and Courtside Family Apartments in Miami (a joint venture with Alonzo Mourning). All aim to fill a void in the market by providing much-needed, quality affordable housing to working families, seniors and individuals.
For information, go to htgf.com.
Holiday | Pasco County | Housing Trust Group | Affordable Housing | TB Reporter
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