Pinellas County approves over $5 million for 1,000-unit apartment community in west St. Pete
/A 1,000-unit apartment community proposed for west St. Pete is one step closer to reality after Pinellas County approved funding for the construction of the project, which will contain 300 units for workforce housing.
On January 14th, Pinellas County Board of Commissioners unanimously approved $5.25 million for the construction of the first phase of Azalea Gateway, set to rise at 1501 72nd Street North near Azalea Park.
The approved county funds are contingent upon the City of St. Pete approving an additional $6 million for phase one construction. St Pete City Council is expected to vote on the funding request in February.
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Plans have been revealed for two 44-story condominium towers at the site of the Hilton St. Petersburg Bayfront, in what would be one of the largest condo developments ever proposed for downtown St. Pete.
Delray Beach-based Kolter Urban recently circulated a site plan application to neighborhood and business associations outlining a $325 million redevelopment of the hotel property at 333 1st Street South.
If built as proposed, the towers would rise up to 509 feet. Only two existing or planned towers in St. Petersburg would be taller: the 515-foot Residences at 400 Central and the 539-foot Waldorf Astoria Residences planned at 150 2nd Avenue South.
The two new towers, which have been designed by 10 Design, would tie for the city’s third-tallest buildings, ahead of the 450-foot Art House and ONE St. Petersburg towers and the 408-foot Saltaire.
The proposal calls for 325 condo units, 17,988 square feet of commercial space, and a 519-space parking garage.
Kolter would also make 207 spaces in the adjacent Saltaire garage available to residents, for a total of 726 parking spaces.