New mixed-use tower being planned for site of 12-story office building in downtown St. Pete
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A prime parcel in downtown St. Petersburg could soon be redeveloped, according to a notice sent to tenants of the City Center office building at 100 2nd Avenue South.
The 12-story office building is owned through a joint venture by City Office REIT, Feldman Equities, and Tower Realty Partners. The owners recently announced plans for a multi-million dollar renovation to City Center’s atrium lobby, entrances, and landscaping.
The 242,115-square-foot Class A office building sits on nearly a full city block fronting 2nd Avenue South between 1st Street and 2nd Street. The parcel is located in Downtown Center-1 (DC-1) zoning which allows for intense mixed-use development and a maximum floor area ratio (FAR) of 7.0 with no height restrictions.
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A 31-acre office property along McCann Lake has received preliminary approval for what would become the largest apartment community in Pinellas Park, with 552 units, including at least 221 affordable apartments.
City staff approved the preliminary site plan on September 30th for 10222 MCI Drive in the Gateway Centre Business Park.
The two-phase development would replace an office campus with nine four-story apartment buildings, two clubhouses, pickleball courts, and 847 parking spaces.
The apartment proposal relies on Florida’s Live Local Act, which allows residential development on the industrially zoned property, provided that at least 40% of the apartments, or at least 221 units, are reserved for households earning at or below 120% of the area median income for a minimum of 30 years.
The remaining 331 apartments would be leased at market rates.
Plans call for apartments ranging from studios to three-bedroom units. All nine residential buildings would rise four stories, with a maximum height of 50 feet.