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<\/p>\nTwo developers have proposed a pair of high-rise towers that would replace a 40,000-square-foot building in St. Petersburg.<\/p>\n
Locally based Echelon, LLC, in partnership with Third Lake Partners, would construct two 31-story towers, requiring more than 1.5 million square feet of new construction. The towers would feature a total of 824 apartments, along with a seven-story podium with a combined 2,378 parking spots: 1,550 for motor vehicles and the remaining 828 for bicycles.<\/p>\n
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The towers would offer more than 800 units. Image by ARC3 Architecture via St. Pete Rising<\/p>\n
The homes start on the eighth floor, ranging from \u201chigh-end, market-rate apartments\u201d and top-floor penthouses. RentCaf\u00e9<\/a> notes that the average cost of a 917-square-foot apartment in downtown St. Petersburg is currently $3,392 a month. Communal amenities include two resort-style swimming pools, fitness centers, and indoor\/outdoor recreational space. There would also be 35,800 square feet of retail.<\/p>\n This isn\u2019t the first time a developer has proposed plans involving the 3.05-acre site. In May 2022, St. Pete Rising<\/a> reported that through an unsolicited offer, three developers wanted to move forward with a mixed-use campus that would have included a medical building, hotel, and apartments. Those plans ultimately didn\u2019t come to fruition due to a lack of funding and support from city officials.<\/p>\n If developers get the necessary approvals for the two towers, construction could start in the first quarter of 2026. The $225 million venture has been proposed for 800 2nd Avenue South, St. Petersburg, FL, 33701<\/a>, in Pinellas County.<\/p>\n Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n Follow<\/a> YIMBYgram for real-time photo updates
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