The Richman Group Proposes 132-unit Apartment Building in St. Pete's Innovation District
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The Innovation District, located on southern end of Downtown St. Pete, is composed of a dense collection of higher education, healthcare, marine science, and media institutions. District anchors include Johns Hopkins All Children’s Hospital, Bayfront Health St. Petersburg, USF St. Petersburg, SRI International, and the Poynter Institute for Media Studies. In an effort to spark further growth, local leaders have recently teamed up to officially brand and market the up-and-coming district as a regional live-work destination for innovation and collaboration.
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An updated plan for a proposed 13-story, 120-unit residential project in the Grand Central District would reserve 48 apartments for affordable housing.
Tampa-based BendinRoad Development is seeking $4.8 million in federal disaster-recovery funding through the City of St. Petersburg for Residences at 1663, planned at 1663 1st Avenue South.
City staff has recommended the request for approval, and City Council will vote on it October 1st.
The site is currently home to a vacant commercial building that was previously occupied by Sunshine Kitty Catfe, which closed three years ago, and the Dolman Law Group.
Plans, which were approved in 2025, call for a 13-story building with 60 apartments and 60 short-term rental units that could be rented nightly, weekly, or monthly.
While the building’s design and layout remain unchanged, the developer delayed its original construction timeline to pursue the affordable housing funding.
A groundbreaking is now planned for early 2027.