Viv Apartments

This month’s edition of Aerial St. Pete shows the construction progress on several real estate developments throughout downtown St. Petersburg.

Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with AB3 Visuals. 

In the article, we show the construction progress for projects including The Nolen, Reflection, Residences at 400 Central, Viv Apartments, Modera St. Petersburg, Art House, the Cordova Inn expansion, and the Chabad Center for Jewish Life.

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete.

To accomplish this, we have teamed up with AB3 Visuals. 

In this article we are taking a look at Art House, The EDGE Collective, Modera St. Petersburg, The Nolen, Reflection, The Residences at 400 Central, and Viv Apartments.

Nearly three years after it first acquired the 1.6-acre site for $12.1 million — and two years after revising its plans in response to business and community stakeholders — Belpointe has broken ground on a $70 million, 15-story mixed-use development at 1000 1st Avenue North in downtown St. Petersburg’s EDGE District.

“We are thrilled that construction is underway on this exciting new project in St. Petersburg,” said Belpointe OZ’s CEO, Brandon Lacoff. “This development will offer residents the perfect blend of luxury and convenience, with easy access to shopping, dining, and entertainment options. We are excited to see this project come to life and to contribute to the growth and development of the St. Petersburg community.”

St. Pete City Council greenlighted the project, located at the southwest corner of 1st Avenue North and Dr. MLK Jr. Street, just west of the Engine No. 9 restaurant, in December 2022.

St. Pete City Council has approved revised plans for a $70 million mixed-use development at the southwest corner of 1st Ave North and Dr. MLK Jr. Street in St Pete’s EDGE District.

Developer Belpointe, which invests in Opportunity Zones, first announced plans for the project in early 2021.

Tentatively referred to as 1000 1st Avenue North, the development was set to feature two, 15-story apartment towers with a combined 254 rental units and 22,000 square feet of commercial space.

The St Petersburg Community Redevelopment Agency (CRA) voted unanimously on Thursday to approve a proposed 15-story development at the southwest corner of 1st Ave North and Dr. MLK Jr. Street in St Pete’s EDGE District, giving the final greenlight to an exciting Opportunity Zone project that has been in the works since late last year.

St. Pete Rising first reported on the proposed development by Belpointe, tentatively referred to as 1000 1st Avenue North, earlier this year.

A new multifamily building has been proposed for the EDGE District in downtown St. Pete.

In October 2020, Belpointe, which invests in opportunity zones, closed on 1.6 acres at 1000 1st Avenue North for $12 million. The site is currently home to two small vacant office buildings, two surface parking lots and the former Shirley Ann Hotel, which has been vacant for three years.

Belpointe has announced plans for a development tentatively being referred to as 1000 1st Avenue North featuring two, 11-story apartment towers with a combined 256 rental units. The residential buildings will sit atop a four-story, pedestrian base that features 23,000 square feet of ground floor retail and 4,400 square feet of space for a leasing office and two resident lobbies.