770 Apartments

Construction is set to begin on a pair of apartment building that are slated to bring 220 smaller, more attainable apartments to downtown St. Petersburg.  

Named Ellington Place, the buildings are being developed by Florida-based REM Capital and are situated at 770 4th Avenue North and 200 17th Street North. REM Capital owns and operates 24 properties across the southeastern United States.

This will be the group’s first ground-up development says REM Capital’s President Robert Ritzenthaler. “I never dreamed we’d be developing in St. Petersburg,”says Ritzenthaler, who is a Tampa Bay resident.

In the midst of a surge of new multifamily development in Downtown St. Pete, a new apartment building on 4th Avenue North could soon be added to the mix.

According to a site plan application filed with the City, the owners of the land at the southeast corner of 4th Avenue North and 8th Street have submitted plans for the development of a new seven-story apartment building.

Tentatively named “770 Apartments,” the proposed development will be 81 feet in height with 126-units in a U-shaped building, which will surround a third floor interior courtyard with a private pool and resident terrace.