Construction set to begin on two new apartment buildings in downtown St. Pete

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Construction set to begin on two new apartment buildings in downtown St. Pete

Construction is set to begin on a pair of apartment building that are slated to bring 220 smaller, more attainable apartments to downtown St. Petersburg.  

Named Ellington Place, the buildings are being developed by Florida-based REM Capital and are situated at 770 4th Avenue North and 200 17th Street North. REM Capital owns and operates 24 properties across the southeastern United States.

This will be the group’s first ground-up development says REM Capital’s President Robert Ritzenthaler. “I never dreamed we’d be developing in St. Petersburg,”says Ritzenthaler, who is a Tampa Bay resident.

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74-unit apartment building proposed for 17th Street in downtown St. Pete

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74-unit apartment building proposed for 17th Street in downtown St. Pete

Another infill apartment building that is seeking to take advantage of recent changes to the City’s parking code will go before Community Redevelopment Agency (CRA) on January 7th.

Developer Tony Zhukovskyi is proposing a 74-unit development at 200 17th Street North. The building will be located less than a block away from the two other apartment buildings he recently proposed at 1750 2nd Avenue North and 1735 1st Avenue North.

In September 2019, St. Pete City Council approved a package of Land Development Regulation (LDR) changes in an effort to help reduce the cost of building housing in the city. The package of code changes was just one prong in a multifaceted approach to help address housing affordability in the Sunshine City.

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