BankUnited to open St. Pete branch on Central Avenue in the EDGE District's oldest building
/BankUnited, a regional bank headquartered in Miami Lakes, is opening a new branch at 900 Central Avenue, on the southwest corner of Central Avenue and Dr. Martin Luther King Jr. Street North in downtown St. Pete. The bank will occupy 2,700 square feet on the first floor of the building.
Built in 1918 as the Western Hotel, and renamed the St. Petersburg Hotel two years later, the three-story brick structure is the EDGE District's oldest building.
Over more than a century, the building has housed a post office sub-station, a drug store, a grocer, and a string of other businesses. The first-floor space BankUnited will occupy was most recently home to an Anytime Fitness location, which closed in late 2022.
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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.