Located just west of Downtown St. Petersburg, FL, Historic Kenwood has always been a place of community with charming bungalows, front porches, and tree-lined streets. As Downtown St. Pete has grown over the years, so has the demand for housing in and around the neighborhood. In 2016, a report noted Historic Kenwood’s zip code as being one of the hottest areas in Tampa Bay for house flipping.
Especially in the western portion of neighborhood, the change could not be more evident. While the western side of Historic Kenwood, specifically south of 5th Avenue North and west of 31st Street, is primarily commercial properties, the rest of the neighborhood predominantly consists of single-family homes.
In total, more than 393 units are under construction or recently built since 2016 in Kenwood. In 2017, Burlington Place, a 5-story 53-unit affordable housing building, was completed. Later in 2018, its sister property Burlington Post, a 5-story 86-unit affordable housing building for seniors, also opened.
And this year, big changes are in store for the Skyline 5th, a 178-unit apartment building at 441 33rd Street North.
Back in 2015, Altis Cardinal purchased the buildings surrounding Skyline 5th with big plans for the land. According to the Tampa Bay Times, Altis planned on spending roughly $100 million to turn the land into a 10-acre residential campus with a total of 432 units.
A ground-breaking ceremony for the project was held in October of 2017 for what was then dubbed "Prism on Fifth.” However, in a recent email, Altis Cardinal notified residents that, “We are proud to announce that the property name will be changing to Elements on Third.” That is, the entire campus will be renamed Elements on Third, including the existing Skyline 5th apartments and all future developments.
Each building will have its own unique Element name and theme. In the same email, residents were told, “Skyline Fifth will now be called Seaglass Tower, the three-story [recently built] walk-ups will be Sunshine Flats and the six-story building will be Stone Lofts.”
The Stone Lofts, will be a repurposed office building that feature 78 loft-style apartments while the Sunshine Flats are two new construction buildings which will collectively feature 48-units.
Along with the opening of Sunshine Flats and the renaming of Skyline Fifth to Seaglass Tower, a new community amenity building will open which will feature the community’s second pool as well as an outdoor kitchen and resident clubhouse. The pool area even features a mural by local artist Chad Mize. The first phase of the project is expected to open in the coming weeks.
With the first phase of the project almost complete, Altis Cardinal is moving forward with the second phase of their project which is converting a second office building to lofts and building additional walk up apartment buildings. The second phase is expected to bring another 128 units into the market. Once complete, the Elements on Third project will feature over 400 units.
For more information on the Elements on Third project, visit their website. You can also check out additional photos of the Elements on Third project below.