21-story apartment tower approved for Dr. MLK Jr. Street in downtown St. Pete
/A 21-story apartment tower will be erected on a surface parking lot along Arlington Avenue and Dr. Martin Luther King Jr. Street, despite opposition from property owners of the abutting townhomes.
New York-based real estate investment firm Abacus Capital Group received site plan approval from the St. Petersburg Development Review Commission on Tuesday February 7th for the $109 million mixed-use project.
The development calls for 292 market-rate apartments, ground-floor retail, and a 373-space parking garage at 825 Arlington Avenue North, a parcel the group purchased in 2022 for $10.75 million.
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