St. Pete’s Urban Style Flats Transformed into The Wayland
/Back in January 2018, Atlas Real Estate Partners purchased Downtown St. Pete’s Urban Style Flats apartment complex for just over $46 million. The property consists of three connected buildings with a total of 481-units at 300 10th Street South, on the western edge of downtown near Tropicana Field. By number of units, it is by far the largest apartment complex in Downtown St. Pete.
In purchasing the property, the new owners were well aware of its baggage. To locals, the property was seen as tired and outdated. And for those who lived there, the building lacked modern amenities like air-conditioned hallways and inviting common areas. Urban Style Flats had a stigma and it was one that was severely impacting the long-term success of the property.
Atlas set out to change its reputation, but they knew it would take a major overhaul. So in late 2018, they began a multi-million dollar series of renovations, both interior and exterior, to completely transform the property. And results are finally starting to roll in.
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