The Daily Dig
Lincoln Avenue Communities has broken ground on Olea on 126 Apartments, a 144-unit affordable housing development in Largo, Florida. The $55 million project sits on roughly five acres along 126th Avenue North in Pinellas County, about 23 miles west of downtown Tampa. Summit Contracting Group is the general contractor.
The development includes three four-story residential buildings totaling around 212,000 square feet, with two, three, and four-bedroom units. Affordability tiers break down as 35 units at 40 percent AMI, 72 units at 60 percent AMI, and 38 units at 80 percent AMI.
Amenities include a clubhouse, fitness center, pool, playground, covered patio, and EV charging stations. A Walmart Supercenter is about two miles north. Completion is targeted for June 2027.
Project Snapshot:
Owner / Developer: Lincoln Avenue Communities
General Contractor: Summit Contracting Group
Sector: Affordable Multifamily Housing
Value: $55 million
Location: Largo, Florida (Pinellas County)
Site: 5 acres along 126th Avenue North
Buildings: Three four-story residential buildings
Scope: 144 units / 212,000 SF
Unit Mix: Two, three, and four-bedroom apartments
Affordability: 35 units at 40% AMI / 72 units at 60% AMI / 38 units at 80% AMI
Amenities: Clubhouse, fitness center, pool, playground, covered patio, EV charging stations
Timeline / Status: Construction underway; completion anticipated June 2027
TheJobWalk Thoughts
Phased, multi-building jobs like this one create opportunities that single-building projects don't. GCs sequence trades across structures to keep crews moving, which means subs who missed building one still have a shot if their pricing is right when building two ramps up.
The harder reality for everyone on site is the schedule: affordable housing deals are tied to tax credit compliance deadlines, and those don't move. Delays cost more than liquidated damages.
Tampa Bay trade contractors and suppliers should also be tracking Lincoln Avenue's broader Florida pipeline. Affordable developers who close one deal are almost always already moving the next one through entitlements.
