Done Deals: Leasing launches for new downtown office tower, 400 Central penthouses go under contract
/Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
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A St. Pete developer is planning a 60-unit apartment building in the Grand Central District that could demonstrate a quicker, potentially less expensive way to add housing to the city.
Blake Investment Partners plans to build a five-story apartment building at 3200 First Avenue South, at the corner of 31st Street South and First Avenue South, using a factory-built system from New York-based Vessel Technologies.
The building will be Vessel’s first Florida project and part of Whitney Village, a larger mixed-use development being constructed on the YMCA’s former athletic fields. The project also includes a 325-unit apartment community by Greystar, currently under construction, a future retail village, and 860 parking spaces.
The Vessel building is not being constructed through the traditional, site-built process used for most apartment projects.
Instead, Vessel will manufacture large steel-framed panels and other components in the Northeast, transport them to St. Petersburg, and assemble the completed building on-site.