{"id":15034,"date":"2025-10-22T02:52:54","date_gmt":"2025-10-22T02:52:54","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/15034\/"},"modified":"2025-10-22T02:52:54","modified_gmt":"2025-10-22T02:52:54","slug":"massive-31-story-twin-tower-development-to-bring-824-apartments-to-downtown-st-pete","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/15034\/","title":{"rendered":"Massive 31-story twin-tower development to bring 824 apartments to downtown St. Pete"},"content":{"rendered":"<p class=\"\" style=\"white-space:pre-wrap;\">Spanning over 1.5 million square feet, the project would surpass the scale of the 46-story <a href=\"https:\/\/stpeterising.com\/home\/46-story-400-central-condo-tower-tops-out-in-downtown-st-pete\" target=\"_blank\" rel=\"nofollow noopener\">Residences at 400 Central<\/a>, which clocks in at 1.2 million square feet and will be the tallest residential building on Florida\u2019s Gulf Coast once it\u2019s completed later this year.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The 3.05-acre site was once part of <a href=\"https:\/\/stpeterising.com\/home\/2022\/5\/16\/300-million-mixed-use-development-anchored-by-moffitt-moves-forward-in-downtown-st-pete\" target=\"_blank\" rel=\"nofollow noopener\">a larger proposed development<\/a> that would have included a 75,000-square-foot Moffitt Cancer Center, a 30-story apartment tower, a 14-story hotel, and a future development pad for UPC Insurance expansion.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">That plan, which required city funding, was ultimately rejected by St. Petersburg Mayor Ken Welch, citing a lack of affordable housing, among other concerns. This newly proposed development does not seek city funding.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">Third Lake Partners acquired the eastern half of the property in 2022 for $10.5 million, and in January 2025 <a href=\"https:\/\/stpeterising.com\/home\/city-of-st-pete-to-sell-15-acre-site-near-tropicana-field-in-downtown-st-pete\" target=\"_blank\" rel=\"nofollow noopener\">purchased the western half<\/a> from the City for $10.0 million, which was encumbered by a 60-year parking lease that the adjacently owned property controlled.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">According to the development application, the proposed design prioritizes pedestrian-friendly streetscapes, shaded walkways, and active ground-floor uses to foster urban vibrancy.<\/p>\n","protected":false},"excerpt":{"rendered":"Spanning over 1.5 million square feet, the project would surpass the scale of the 46-story Residences at 400&hellip;\n","protected":false},"author":2,"featured_media":15035,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-15034","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/15034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=15034"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/15034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/15035"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=15034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=15034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=15034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}