19-story apartment building approved for 1st Avenue North in downtown St. Pete
/Last Wednesday, St. Pete’s Development Review Commission unanimously approved a 19-story apartment tower at 1641 and 1659 1st Avenue North in downtown St. Pete.
The project, which was first proposed in January, will feature 244-units along with a 256-space parking garage. St. Pete-based HP Capital Group and Chicago-based Tandem Partners are the developers.
HP Capital is the team behind Reflection, a 18-story condo tower under construction at 300 8th Street North, and a 264-unit affordable housing development proposed for Fairfield Avenue near the Warehouse Arts District.
The approved building on 1st Avenue North will include parking on the first through fourth floors with a total of 256 parking spaces, exceeding the 154 spaces required. 244 bicycle parking spaces will also be available.
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Contrary to recent reports, Jannus Live, the iconic open-air concert venue in downtown St. Petersburg, is not for sale and will continue operating, according to the property's owner.
The confusion began when a two-story, 10,500-square-foot commercial building at 200 1st Avenue North, immediately north of the courtyard music venue, was listed for sale for $11.5 million.
Although the two properties share a longstanding connection, they have separate owners.
The building listed for sale is owned by The Jannus Landing Retail Building, LLC, associated with local businessman Jeff Knight, while the courtyard concert venue is owned by St. Pete Jannus, LLC, led by Tony Amico.
"Jannus music venue is not for sale and will continue to operate," Amico said in a conversation with St. Pete Rising. “There may be a short pause due to a change of operators, but the music will continue.”
The distinction comes after several local publications reported that Jannus Live was being sold, raising concerns about the future of the courtyard that has hosted concerts in downtown St. Pete since 1984.