Florida Record
St. Petersburg
ApprovedOther

Sky Isle (formerly Viridian/Columbian Apartments)

Description

Loan assignment and modification deal that keeps 188 senior affordable units affordable through 2075 while funding a full renovation with no new city money.

Impact summary

188 senior affordable units (60% AMI, mostly Section 8) get modernized units, walk-in showers and aging-in-place upgrades without relocating residents off-site.

Applicant

Name
Preservation 518, Ltd. / SP One, Ltd.
Address
518 3rd Avenue South, St. Petersburg, FLSee this on the map

At a glance

Hearings
1
Public comments
0
Total mentions
1

Last vote · City Council

Approved7–0, unanimous

Last discussed Aug 6, 2026.

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