Sunday, April 17, 2005

The Oaks at Riverview Terrace

The former Riverview Terrace Housing Project will reopen in June as The Oaks at Riverview according to an article "Rebuilding to blend in" in the St. Pete Times by Sherri Day. This is great news. The Oaks "will serve renters and homeowners in search of public housing, Section 8 accommodations and market-rate units" with "mid-rise apartment buildings, townhouses and bungalows." There looks to be 250 units for rent and 96 single family bungalow homes for sale. The bungalow will sell either below market rate at $140,000 or market rate around $180,000. This should add about 750 to 1500 people to Seminole Heights. In addition to the residences there is some commercial space. More money to be spent in Seminole Heights! More business opportunities!

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