A midrise condo building is planned for 5th St S in Downtown St. Pete
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Downtown St. Pete continues to be one of the hottest neighborhoods in Tampa Bay with nearly 1,700 residential units currently under construction and an additional 1,900 units proposed in the greater downtown area. Even with those mind boggling stats, supply is still struggling to keep up as more and more people are finding out about Downtown St. Pete.
One street that has seen significant change in the past few years is 4th Avenue South near USF St. Pete and the Innovation District. Since 2014 multiple new developments have sprouted up along this corridor including: Campbell Landings, Camden Pier District (formerly known as AER), Urban Landings, and The Sabal. Additionally, an Alabama developer is planning a 20 story condo tower on the corner of 4th Avenue S and 3rd Street S.
Construction crews have completed demolition of the former UPC Insurance headquarters in downtown St. Pete, clearing the three-acre site for two 31-story apartment towers with 824 apartments and more than 30,000 square feet of retail space.
The 40,000-square-foot office building at 800 2nd Avenue South most recently served as a temporary office for the Tampa Bay Rays after Hurricane Milton damaged Tropicana Field.
UPC Insurance, which once occupied the building as its corporate headquarters, was placed into liquidation in 2023.
St. Pete-based Echelon, in partnership with Third Lake Partners, will develop the $225 million project, which will span more than 1.7 million square feet.
While shorter than the 46-story Residences at 400 Central, the two-tower development will contain more total floor area. At 343 feet, the towers will become the tallest buildings west of 5th Street and rank among downtown St. Pete’s 10 tallest structures.