Sky Town
3201 34th Street South
Sky Town is a major redevelopment of the former Ceridian office campus in the Skyway Marina District in south St. Pete.
The 34.2-acre site at 3201 34th Street South is being developed by Coral Gables–based developer Altis Cardinal in six phases and will ultimately deliver 2,084 apartments, 69,000 square feet of neighborhood retail anchored by a Sprouts Farmers Market, and 120,000 square feet of self-storage space.
The first residential building broke ground in September and will include 401 apartments, 121 of which will be designated affordable.
Of those 121 affordable units, 61 will be reserved for households earning up to 120% of the area median income (currently $103,200 for a family of three), and 60 will be set aside for households earning up to 80% of the area median income (currently $68,800 for a family of three).
The remaining 280 apartments in the first phase will be offered at market rates.
Sprouts officially opened on November 14th, marking the first major completion for the project.
Meanwhile, the parking structure for the apartment building is expected to be fully completed next week.
A number of retail leases are also in active negotiation for both the outparcel building and the apartment building currently under construction, signaling strong tenant interest as the development continues to take shape.
St. Petersburg City Council previously approved a $4.5 million contribution from the Housing Capital Improvement Fund to support the affordable housing in the project’s first phase. The developer also secured a $68 million loan from Fifth Third Bank.
The first phase of Sky Town is expected to be complete by the fourth quarter of 2026.