Renderings reveal 28-story DeNunzio Group project at 450 1st Avenue North
/The redevelopment of a surface parking lot in the heart of downtown St. Pete is closer to becoming a reality.
Back in February 2019, The DeNunzio Group, which is led by developer Dustin DeNunzio, entered into a contract with Christ United Methodist Church to purchase a 0.65 acre site at the southeast corner of 1st Avenue North and 5th Street
The church was in need of capitalization and began exploring the sale after determining the value of the underutilized land.
In December 2019, The DeNunzio Group closed on the lot for $5.3 million. To activate the parcel, the group is proposing a true mixed-use building unlike anything else offered downtown, with a range of uses including retail, office, hotel, residential, and public parking.
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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.