Make us your home page

Indiana developer plans apartments in Seminole Heights, St. Petersburg's Edge District

Milhaus, an Indianapolis-based developer of multi-family housing, plans this $20 million apartment project in Tampa's Seminole Heights area.
[Rendering courtesy of Dwell Design Studio]

Milhaus, an Indianapolis-based developer of multi-family housing, plans this $20 million apartment project in Tampa's Seminole Heights area. [Rendering courtesy of Dwell Design Studio]

An Indiana-based apartment developer is making its first foray into Florida with projects in two of Tampa Bay's trendiest areas.

In Seminole Heights, Milhaus plans 81 apartments plus space for shops and restaurants on North Florida Avenue at the corner of Idlewild Avenue. The site now houses a car lot — one of many along Florida — but the company sees potential for the busy thoroughfare to become a true "Main Street" for Seminole Heights residents.

In St. Petersburg's Grand Central District near downtown, Milhaus is assembling land in the 1600 block of Central Avenue for what tentatively would be 130 apartments with retail and restaurant space.

"We only go to what we call second tier cities but that's a positive thing to us," Jourdan Woodruff, the company's development associate, said Tuesday. "We love the change that (smaller) cities around the country are seeing right now, especially with young professionals moving back to cities. That's what we focus on — serving those residents as well as making an impact on the neighborhoods in all those markets."

Related coverage: Tampa Bay rents are soaring and hitting minorities the hardest

In Seminole Heights, Milhaus is under contract to buy a satellite lot of ABC Autos and expects to close this summer. Work on the $20 million project would begin soon afterwards.

"We liked that there's a retail and restaurant revival going on in this neighborhood that's pretty incredible," Woodruff said. "We love the single-family, residential feel of the neighborhood while still being only two miles from downtown but we also love that there really are very few market-rate (rental) projects of that scale. When we told people we had a project in Seminole Heights, they were really excited because it is in need of this kind of development."

The apartments, which will be studios, one- and two-bedroom units, will range from about $1,000 a month to around $2,000. Rich Guagliardo, a Realtor who specializes in Seminole Heights, predicts the project will do well.

"Seminole Heights is just happening now. It's our time," he said. "I think they will be full.

'Both he and Woodruff noted that Florida Avenue already is undergoing a transformation, with shops like Urban Bungalow and restaurants including The Refinery, Fodder & Shine and Independent Bar and Cafe.

"With those developments and with our retail, it's going to create kind of a centralized retail hub in this neighborhood, which is really exciting," Woodruff said. "I think we can make this more of a Main Street."

In St. Petersburg, Milhaus is under contract for much of the 1600 block of Central Avenue but is trying to acquire additional parcels.

"We are still moving forward but the scope of the project and the size could potentially grow," Woodruff said, without putting a price tag on the project.

Related coverage: If you like tiny houses, you'll love these tiny apartments coming to Tampa

She said Milhaus was drawn to Central because of its "eclectic feel" and the large amount of development that already has taken place. In the past few years, it has morphed from a tired-looking strip with vacant storefronts into a vibrant stretch of restaurants, cafes, shops and galleries.

The Milhaus project would be within a block of the 325-unit Fusion 1560, whose construction in 2011 launched a flurry of apartment building in and near downtown St. Petersburg.

"I've been to a lot of properties and I think they're all doing very well,'' Woodruff said. "We still think there's an opportunity there."

Indianapolis-based Milhaus, which specializes in Class A multi-family housing, started five years ago and is now in 13 states including the Carolinas, Missouri, Michigan, Ohio and Oklahoma.

Contact Susan Taylor Martin at or (727) 893-8642. Follow @susanskate

Indiana developer plans apartments in Seminole Heights, St. Petersburg's Edge District 04/18/17 [Last modified: Wednesday, April 19, 2017 12:48am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming


    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street


    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24


    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters


    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights


    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.


    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]