A vacant St. Pete Beach property will finally get new life.

An updated plan for a mixed-use development was approved by the City Commission on Oct. 28. The Corey Landings project, which will have 133 condominium units, will also feature 11,000 square feet of commercial space and a public park.

The plan, proposed by Delray Beach-based developer Kolter Urban, went through revisions due to City Commission concerns and feedback. Kolter Urban initially planned a 162-unit development with 4,000 square feet of restaurant and 8,540 square feet of retail space.

The company, which has developed projects such as ONE St. Petersburg and Saltaire, has agreed to make several updates to improve the property’s public benefits.

Kolter Urban will double the number of Class A public use dock slips on the property from four to eight, joining 31 Class B private slips. These will be available upon the opening of a property restaurant or the park, said Stearns Weaver Miller shareholder Elise Batsel, who represented Kolter Urban at the Oct. 28 meeting.

The company will also build a kayak launch. Additionally, it will design and construct a shaded structure, such as a gazebo or pavilion, in the park.

Kolter Urban has agreed to provide the city of St. Pete Beach with a one-time payment of $150,000 to help with maintenance costs for the public land surrounding the project site, Batsel added. The organization will also help repair the seawall near the property.

St. Pete Beach Mayor Adrian Petrila appreciated Kolter Urban’s willingness to collaborate and work actively with the city to create a project that offers public benefits.

“Rarely do we have people come in and say, ‘Look, let’s be partners in this community and because we want to be invested in this community, here’s how we want to contribute,’” Petrila said. “These are lasting impacts.”

Ram Realty Advisors was originally planning to develop the land into a 243-unit apartment complex with retail space, a restaurant and a park. That plan was approved by the city of St. Pete Beach in 2022. However, in 2023, the organization chose not to move forward with the venture.

Kolter Urban acquired the approximately 3.9-acre property in 2024 for $9.85 million.

It additionally bought a 0.37-acre parcel at 75 Corey Ave. for $3.5 million (once home of Charlie’s Transmissions) and a 0.23-acre piece of land at 85 Corey Circle for $1.75 million (the former location of the Blue Parrott Bar & Grill).

The company plans to combine the properties for the project.

This content provided in partnership with stpetecatalyst.com.