Mixed-use retail building approved for downtown St. Pete’s EDGE District
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A mixed-use retail building has been administratively approved for a prominent parcel in downtown St. Pete’s EDGE District.
Central Ave Corner Holdings, LLC, an entity which is controlled by local developer Jonathan Daou and Eastman Equities has submitted plans to build a two-story building at 1053 Central Avenue. The lot sits directly on the roundabout in the EDGE District at the northeast corner of Central Avenue and 11th Street next to Independent Bar.
The approved building features 1,472 square feet of ground floor retail and two second floor residential units.
The retail space will feature large storefront windows with a black façade resembling a neighborhood pub. White brick veneer will adorn the second floor.
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Construction crews have completed demolition of the former UPC Insurance headquarters in downtown St. Pete, clearing the three-acre site for two 31-story apartment towers with 824 apartments and more than 30,000 square feet of retail space.
The 40,000-square-foot office building at 800 2nd Avenue South most recently served as a temporary office for the Tampa Bay Rays after Hurricane Milton damaged Tropicana Field.
UPC Insurance, which once occupied the building as its corporate headquarters, was placed into liquidation in 2023.
St. Pete-based Echelon, in partnership with Third Lake Partners, will develop the $225 million project, which will span more than 1.7 million square feet.
While shorter than the 46-story Residences at 400 Central, the two-tower development will contain more total floor area. At 343 feet, the towers will become the tallest buildings west of 5th Street and rank among downtown St. Pete’s 10 tallest structures.