5-story mixed-use development proposed for the Grand Central District
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St. Pete’s Grand Central District continues to attract new businesses and pique developer interest as demand for commercial space and new housing radiates from the downtown core. A recent land sale in the heart of the neighborhood will pave the way for the District’s next mixed-use development.
Vertica Commercial Advisors, a subsidiary of Vertica Partners, a Tampa-based real estate advisory and investment firm, has announced the sale of a parcel at the southwest corner of Central Avenue and 28th Street to ASH Developers. The site is nearly a quarter acre and sits in an Opportunity Zone – it sold for $740,000, or $70 per square foot.
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Pre-leasing is set to begin Saturday, August 15th, with move-ins scheduled after the new year at the first apartment community in Sky Town, an $800 million mixed-use development underway in St. Petersburg’s Skyway Marina District.
The 401-unit iMMiX Apartments, located at 3201 34th Street South, are part of the first phase of the 34.3-acre development being built on the former Ceridian office campus.
Once complete, Sky Town will include 2,084 apartments, 69,000 square feet of retail anchored by a 23,000-square-foot Sprouts Farmers Market, and 120,000 square feet of self-storage across six phases.
Coral Gables-based Altis Cardinal, led by developer Frank Guerra, broke ground on the iMMiX Apartments in September 2025, with Jacksonville-based Summit Contracting Group serving as general contractor.