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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South Carolina-based multifamily developer Greystar Real Estate Partners, in partnership with St. Pete-based Blake Investment Partners, has topped out The Henry at Whitney Village, a five-story, 325-unit apartment complex under construction in St. Petersburg’s Grand Central District.
The building is located on 3.37 acres on the east side of the Jim & Heather Gills YMCA at 3200 1st Avenue South. Greystar purchased the property from the YMCA in January 2025 for $12 million.
“We are proud to have reached this important milestone and look forward to welcoming residents to the Henry at Whitney Village in Spring 2027,” David King, managing director for development at Greystar, said in a statement to St. Pete Rising.
The apartment complex is part of the first phase of Whitney Village, a five-acre mixed-use development on a portion of the YMCA property that will include apartments, retail, and a renovated YMCA facility.
The first phase also included an extensive renovation of the 25-year-old, 54,000-square-foot YMCA facility on the west side of the property, funded by proceeds from the property sale.