Sky Town
3201 34th Street South
Sky Town is a major redevelopment of the former Ceridian office campus by Coral Gables-based developer Altis Cardinal. The 34.2-acre site is being redeveloped in six phases and will eventually feature 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.
St. Petersburg City Council recently approved a $4.5 million contribution from the Housing Capital Improvement Fund to support affordable housing in the project’s first phase. The developer also received a $68 million loan from Fifth-Third Bank.
Phase one will include 401 apartments, 121 of which will be designated affordable.
Of the 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 will be offered at market rates.
Site preparation and infrastructure improvements are underway across the site, and construction on the Sprouts grocery store has begun.
The first phase of development is expected to be complete by the fourth quarter of 2026.