June 16, 2023

15-story apartment tower starts to rise in the EDGE District

June 16, 2023/ Brian Hartz

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.

December 22, 2022

Revised plans approved for 15-story mixed-use development in St. Pete’s EDGE District

December 22, 2022/ Anthony Close

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.

May 07, 2021

15-story apartment tower proposed for 1st Avenue North gets approved

May 07, 2021/ Samantha Flanagan

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.

January 08, 2021

Belpointe proposes 15-story, 256-unit development for St. Pete’s EDGE District

January 08, 2021/ Anthony Close

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.