Plans shift for 23-story apartment building proposed for 17th Street South in downtown St. Pete
/Plans have shifted for a 23-story apartment building that was proposed in 2022 for 17th Street South in downtown St. Pete.
In late December, Miami-based commercial real estate investment firms Black Salmon and LD&D purchased the property at 155 17th Street South in a roughly $9 million deal from Apogee Real Estate Partners, a St. Pete-based real estate firm led by John Barkett and John Stadler.
The South Florida joint venture also assumed a $5.12 million mortgage loan from Apogee.
The purchase follows the city's recent streamlined approval of minor modifications to the 0.77-acre site which increased the project’s unit count from 204 to 260, decreased the retail space from 6,000 square feet to 4,961 square feet, and decreased the number of parking spaces from 300 to 260.The project’s height of 299 feet and FAR of 7.0 remains unchanged.
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A 16-story apartment tower has been proposed across from the University of South Florida St. Petersburg campus, replacing a larger project approved for the same property last year.
The proposed development would rise at 446 4th Street South, at the northeast corner of 5th Avenue South and 4th Street South.
The 0.7-acre property is currently home to a 105-year-old commercial building previously occupied by Fresenius Kidney Care American Dialysis Center and an adjacent surface parking lot.
The project, which would be developed by Charleston, South Carolina-based The Beach Company, will contain 165 apartments, approximately 3,200 square feet of ground-floor retail space, a 176-space parking garage, and 178 bicycle spaces.
It’s a significant change from the development St. Petersburg City Council approved for the site in February 2025.