Lutheran Apartments

Project Details

  • Property Location:
    St. Petersburg, Florida 
  • Acquisition Date: August 29, 2019
  • Purchase Price: $16,600,000
  • Renovation Costs:
    $9,349,329 ($41,553 per unit)
  • Number of Units: 225 
  • Number of Buildings: 1
  • Number of Stories: 16 
  • Year Built: 1970

Unit Interior Renovations

  • Energy-efficient windows;
  • Remodeled kitchens and bathrooms by replacing cabinets, installing new countertops, sinks, shower surrounds, water conservation fixtures, toilets, and accessories;
  • Energy star appliances;
  • Hearing and visual aids;
  • Water heaters;
  • High-efficiency lighting;
  • Exhaust fans;
  • Smoke detectors;
  • LVT faux wood vinyl plank, and carpet;
  • Repaired drywall and textured;
  • Paint and window treatments;
  • Interior doors and new door hardware; and,
  • New baseboards in all units and common areas.

Building Envelope and Exterior Renovations 

  • Lower roof and upper roof; 
  • Painted exterior building; 
  • Repaired and replaced landings, stairs, and railing; 
  • Upgraded building mechanical systems as necessary; and, 
  • Exterior doors with key FOB security. 

Site Improvements 

  • Asphalt parking areas, sealing and striping; 
  • Concrete walkways; 
  • Landscaping; 
  • Remodeled common laundry rooms, offices, and common areas to include new flooring, lighting, paint, and ventilation; 
  • ADA compliance; 
  • Exterior and interior building and directional signage
  • Landmark sign at property entrances; and, 
  • Site lighting on grounds and around buildings.