Blue Lotus to Rise 19-Stories at 100 4th Ave N in Downtown St. Pete
/Downtown St. Pete’s urban core continues to expand with the introduction of the Blue Lotus condominiums at the southwest corner of 4th Avenue North and 1st Street North. Arclight Development Group is proposing a 19-story boutique high-rise which will feature 18 residential units including a three level penthouse.
The project is proposed for the site of a 24-story condominium concept which was shot down by the Development Review Commission and City Council earlier this year. Since that setback, developer Michel Regignano has worked to envision a project that is more compatible with the surrounding neighborhood.
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Demolition work has begun at the former Tampa Bay Times building at 490 1st Avenue South in downtown St. Petersburg, nearly two years after a construction crane collapsed into the property during Hurricane Milton.
Crews are currently completing interior, non-structural demolition and asbestos abatement, according to City of St. Petersburg permit records.
The eight-story, 240,000-square-foot complex consists of three buildings, with the original structure built in 1924 and additions completed in 1968 and 1988.
Naples-based Stock Development purchased the former Times building in June for $18 million.
The developer plans to redevelop the site with a high-rise condominium tower that could also include ground-floor commercial space and offices.