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The Exchange Opens in St. Petersburg’s Innovation District

Posted on: May 7th, 2020 by Anne Gehlsen No Comments

First Housing is excited to report the opening of the Exchange, a 132-unit market rate multifamily development. First Housing provided construction and permanent financing of $22+ million through the HUD 221(d)(4) insured mortgage loan program to finance the development. Located in the City of St. Petersburg, Florida, the project is within the City’s Innovative District and is walkable to major employers and the newly constructed St. Pete Pier. The Exchange was developed by The Richman Group (America’s 7th Largest Rental Apartment Owner) and features a clubhouse with fitness and conference centers, a resort style swimming pool, an internet café, and a game lounge, including a billiard table and media wall.

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