The City of St. Petersburg and Pinellas County have officially broken ground on Sky Town Apartments, a major new development bringing more than 120 affordable units to the Skyway Marina District. Once complete, it will be St. Pete’s largest mixed-income residential project based on both acreage and number of homes.
Located at 3201 34th St. S, the 34.3-acre site will feature 2,084 apartments, a Sprouts Farmers Market–anchored retail center, and self-storage space.
“This project marks a new era for the Skyway Marina District,” said Mayor Kenneth T. Welch. “Sky Town is an example of how forward-thinking investments can strengthen neighborhoods, attract workforce talent, and expand opportunities for residents. I’m grateful to Pinellas County, Altis Cardinal, and our many partners for their shared commitment to creating affordable and workforce housing. Together, we’re continuing to build on one of our key pillars of progress—Housing Opportunities For All—by ensuring St. Pete residents have a safe and stable environment to call home.”
Expanding affordable housing in St. Pete with Sky Town
During the first phase of construction, 121 of the 401 units will be designated as affordable housing under the city’s Housing Opportunities For All plan. Of those, 61 units will be available to households earning up to 120% of the area median income (AMI)—or $103,200 for a family of three—and 60 units will be reserved for households earning up to 80% of AMI, or $68,800 for a family of three.
The City of St. Petersburg is contributing $4.5 million in funding through a forgivable loan from its Housing Capital Improvement Fund. In addition, Pinellas County is providing $5.5 million from the Penny for Pinellas fund to support the project’s first phase.
Sky Town will be anchored by a Sprouts Farmers Market
A modern-mixed use community
Sky Town Apartments will offer a range of living spaces, from studio apartments to three-bedroom units, spanning 562 to 1,370 square feet. Residents will also enjoy modern amenities, including a rooftop lounge, swimming pool, and ground-floor retail options, all designed to foster a vibrant, walkable community.
Mayor Welch launched the Housing Opportunities For All Plan in April 2023 to expand affordable housing access and address rising costs in St. Pete. The initiative builds upon the city’s existing 10-year plan by adding support for renters, financial assistance for homeowners, and new incentives for developers to create more affordable units across the city.
Housing for all in the Sunshine City
The plan is part of Welch’s broader Pillars for Progress agenda, which emphasizes housing affordability as a cornerstone of equitable growth and strong neighborhoods.
Learn more about St. Pete’s affordable housing initiatives here.