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Lincoln Avenue Communities Breaks Ground On Olea on One Two Six Apartments In Largo Florida

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Lincoln Avenue Communities Breaks Ground On Olea on One Two Six Apartments In Largo Florida

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Lincoln Avenue Communities has broken ground on Olea on 126 Apartments, a 144-unit affordable housing development for families in Largo, Florida. The ground-up project marks LAC’s latest construction initiative in Southwest Florida and is scheduled for completion in June 2027.

Olea on 126 will consist of three four-story buildings with two-, three- and four-bedroom apartments. The community’s income targeting allocates 35 units to households earning up to 40% of area median income, 72 units to households up to 60% AMI, and 38 units to households up to 80% AMI. Communal amenities will include a clubhouse, fitness center, pool, playground, covered patio and EV charging stations. Construction is currently underway.

“Olea on 126 addresses a critical need in Pinellas County by providing quality housing options for families across multiple income levels,” said Jordan Richter, LAC Vice President and Regional Project Partner. “LAC is excited to bring a development to Largo that combines affordability with quality amenities that help families thrive and build community connections.”

The project drew local attention to the breadth of residents seeking housing options. “We have so many folks that are trying to work in this community, whether they’re teachers, hospitality workers, or first responders,” said Dave Eggers, Chair of the Pinellas County Board of Commissioners. “A wide range of folks are looking for housing, a place to call home.”

Lincoln Avenue Communities is a mission-driven acquirer, developer and operator of affordable and workforce housing with a presence in 32 states and a portfolio that includes more than 170 properties and over 30,500 units housing more than 80,000 residents. Olea on 126 aligns with ongoing industry efforts to expand family-sized affordable units and integrate resident-focused amenities and sustainability features into new developments.

Multifamily Leadership will continue to monitor Olea on 126 as construction progresses and will highlight insights from this development in future coverage and events focused on innovation, resident experience and workforce housing solutions.