Construction begins on 26-unit townhome project in St. Pete’s Innovation District
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A new townhome community is planned for St. Pete’s Innovation District, which is home to major employers like Johns Hopkins All Children’s Hospital, Bayfront Health St. Petersburg, and the University of South Florida St. Petersburg.
Named Innovation Townhomes, the 26-unit community is being planned by The Davis Companies which also developed Uptown Kenwood, a 69-unit townhome community in the North Kenwood neighborhood of St. Pete. Uptown Kenwood sold out earlier this year.
The development is located on a 0.9-acre lot at the northeast corner of Dr. MLK Jr. Street and 6th Avenue South and consists of four buildings. A nine-unit building will front Dr. MLK Jr. Street, a six-unit building will front 6th Avenue South, and the remaining 11 units will be situated on the interior of the project.
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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.