{"id":6053,"date":"2025-10-16T04:36:33","date_gmt":"2025-10-16T04:36:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/6053\/"},"modified":"2025-10-16T04:36:33","modified_gmt":"2025-10-16T04:36:33","slug":"a-birds-eye-view-of-st-petes-development-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/6053\/","title":{"rendered":"A bird\u2019s-eye view of St. Pete\u2019s development boom"},"content":{"rendered":"

Sky Town
3201 34th Street South<\/p>\n

Sky Town is a major redevelopment of the former Ceridian office campus by Coral Gables-based developer Altis Cardinal<\/a>. 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.<\/p>\n

St. Petersburg City Council recently approved a $4.5 million contribution<\/a> from the Housing Capital Improvement Fund to support affordable housing in the project\u2019s first phase. The developer also received a $68 million loan from Fifth-Third Bank.<\/p>\n

Phase one will include 401 apartments, 121 of which will be designated affordable. <\/p>\n

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.<\/p>\n

Site preparation and infrastructure improvements are underway across the site, and construction on the Sprouts grocery store has begun.<\/p>\n

The first phase of development is expected to be complete by the fourth quarter of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"Sky Town3201 34th Street South Sky Town is a major redevelopment of the former Ceridian office campus by…\n","protected":false},"author":2,"featured_media":6054,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-6053","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\/6053","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=6053"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/6053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/6054"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=6053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=6053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=6053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}