PMG Affordable has been selected by the city of Tampa to lead a public-private partnership focused on redeveloping underutilized municipal properties into a large-scale affordable housing community with supporting commercial space. The properties covered by the city’s request for proposals include sites owned by the City of Tampa and the Community Redevelopment Agency, notably the former Army Navy Surplus Market store and the nearby Royal lot.
The winning team brings together both public and private participants. Alongside PMG Affordable, the partnership structure includes the Tampa Housing Authority, Bank of America Community Development Company, LLC, and DuCon, LLC. This group has been tasked with advancing a plan that aligns with the city’s objectives for more housing affordability while activating underused land.
The RFP established a minimum requirement of 800 residential units for the redevelopment. PMG Affordable’s proposal exceeded that threshold by approximately 30%, calling for a total of 1,150 residential units. According to the plan, 70% of those units would be dedicated to affordable and workforce housing, reflecting an emphasis on serving lower- and middle-income households rather than purely market-rate demand.
The envisioned redevelopment also includes an infrastructure component aimed at improving neighborhood connectivity. Directly adjacent to the subject properties is the Ashley Drive on-ramp to Interstate 275. If the overall proposal is approved, that on-ramp would be redesigned to significantly improve connectivity and pedestrian safety between the new housing and surrounding neighborhoods. This element is intended to better integrate the project into the existing urban fabric.
Beyond this initiative, PMG Affordable reports that it currently has more than 4,500 housing units in its broader development pipeline. The Tampa proposal therefore represents one piece of a larger affordable and workforce housing strategy for the company, while also supporting the city’s goal of bringing new residential and commercial activity to underutilized redevelopment sites.
