Local developer files plan to preserve historic building and build condos on Mirror Lake in downtown St. Pete
/A St. Petersburg-based developer has filed plans to preserve a historically significant property fronting Mirror Lake and construct a seven-story condo building in downtown St. Pete.
The 0.47-acre site at 250 Mirror Lake Drive North is currently home to an 87-year-old building that will be restored and remain on site. A new two-story residence will be built on the northeast corner of the property and an 18-unit condo building will be constructed on the west side of the property on what is currently a vacant lot.
The developer, Backstreets Capital, has operated out of a 1920’s-era building across the street from the site at 248 Mirror Lake Drive for the past four years.
The existing two-story 1937-built building, while not listed on the local or national register of historic places, is adorned with a bronze plaque noting the building as being a “contributing structure of the downtown historic district.”
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An updated plan for a proposed 13-story, 120-unit residential project in the Grand Central District would reserve 48 apartments for affordable housing.
Tampa-based BendinRoad Development is seeking $4.8 million in federal disaster-recovery funding through the City of St. Petersburg for Residences at 1663, planned at 1663 1st Avenue South.
City staff has recommended the request for approval, and City Council will vote on it October 1st.
The site is currently home to a vacant commercial building that was previously occupied by Sunshine Kitty Catfe, which closed three years ago, and the Dolman Law Group.
Plans, which were approved in 2025, call for a 13-story building with 60 apartments and 60 short-term rental units that could be rented nightly, weekly, or monthly.
While the building’s design and layout remain unchanged, the developer delayed its original construction timeline to pursue the affordable housing funding.
A groundbreaking is now planned for early 2027.