BUYER: St. Patrick's Housing Corp. II, Tampa
SELLER: Robert N. Lynch as Bishop of the Diocese of St. Petersburg
PROPERTY: 4514 S. Manhattan Ave., Tampa
PRICE: $1 million
LAW FIRM ON DEED: DiVito & Higham PA, St. Petersburg
PLANS, DESCRIPTION: The Diocese of St. Petersburg transferred 1.71 acres to St. Patrick's Catholic Church for $1 million.
St. Patrick's Housing Corp. II, an entity of the church, plans to develop the property into the five-story Patrician Arms II. Located next to the existing Patrician Arms, the non-denominational rental development will feature 68 units for low-income residents at least 62 years old. The facility will include a common laundry/community room and kitchen. Six of the units will meet handicap-accessibility requirements.
Paul J. Sierra Construction Inc. is the general contractor for the project and Catholic Charities is the management agent.
The complex could be open by January or February 2012. Construction is expected to take a year.
“There's a large need for low-income elderly housing not just in the state of Florida but across the whole country,” says Barbara Lindstrom, elderly housing director for Catholic Charities in the Diocese of St. Petersburg.