Real Estate

Lincoln Village Holds Grand Opening

Lincoln Village is the redeveloped site of the former Love Apartments in Bradenton.

By Staff December 3, 2021

Lincoln Village is the redeveloped site of the former Love Apartments.

 Lincoln Village is the redeveloped site of the former Love Apartments.

The City of Bradenton Central CRA and Norstar Development recently held a grand opening celebration and ribbon cutting for their newest property, Lincoln Village. Located at 906 Sixth St. Court E, in Bradenton, Lincoln Village is the redeveloped site of the former Love Apartments, which were purchased by the City of Bradenton Central CRA as a key acquisition in its efforts to revitalize the Washington Park neighborhood. When the CRA purchased the 38-unit Love Apartments, they had fallen into disrepair.

The CRA partnered with Norstar Development in 2016 to pursue the redevelopment, and in 2019, Norstar secured a low-income housing tax credit award that targeted multifamily developments in revitalization areas. Lincoln Village has more than 52,000 square feet of multifamily housing and is constructed on a 1.94-acre site. It includes 50 family apartments in seven buildings, 12 one-bedroom units, 28 two- bedroom units, and 10 three-bedroom units. Ten percent of the units are set aside for residents earning at or below 33 percent of the Area Median Income (AMI); 80 percent are set aside for residents earning at or below 60 percent AMI; and 10 percent are market rate. Amenities include a community center, fitness center, and playground. Resident programs include employment assistance, financial management, and a homeownership opportunity program.

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