Aerial St. Pete: Construction boom to bring thousands of new apartments to St. Pete in 2024

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Aerial St. Pete: Construction boom to bring thousands of new apartments to St. Pete in 2024

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete.

To accomplish this, we have teamed up with AB3 Visuals. 

In this article we are taking a look at: Arya, Lake Maggiore Apartments, Marina Club Apartments, Marlowe Gateway, and Terraces at 87th.

These projects include four apartment developments and one townhome community. The four apartment developments are located in neighborhoods outside of downtown St. Petersburg and will bring over 1,500 new apartments to St. Petersburg once completed in 2024.

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Aerial St. Pete: New developments break ground outside of downtown St. Pete

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Aerial St. Pete: New developments break ground outside of downtown St. Pete

The latest edition of Aerial St. Pete shows the preliminary progress on several developments which have recently begun site preparations and construction. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with Anthony Bove at AB3 Visuals.

In this article we are taking a look at five projects outside of downtown where construction is just beginning. These projects include: Sixty90 Apartments, Arya, Grand Central Townhomes, Lake Maggiore Apartments, and the Tampa Bay Innovation Center. We look forward to following these projects as they continue to make progress towards completion!

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Construction begins on Arya, a 415-unit mixed-income apartment development on 4th Street in St. Pete

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Construction begins on Arya, a 415-unit mixed-income apartment development on 4th Street in St. Pete

Construction has begun on a 415-unit apartment development on 4th Street in St. Petersburg.

Stock Development has announced the groundbreaking for Arya, a garden-style development planned for 5475 3rd Lane North near the intersection of 4th Street and 54th Avenue North.

“We are pleased to announce the groundbreaking at Arya,” says Keith Gelder, President of Stock Development. “We look forward to expanding our Stock Luxury Apartment Living brand and adding a high-quality project to the neighborhood.”

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415-unit apartment development approved for 4th Street North in St. Pete

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415-unit apartment development approved for 4th Street North in St. Pete

A Naples-based developer is hoping to bring more apartments to 4th Street North in St. Petersburg. Plans for a previously approved multifamily development along 54th Avenue North between 1st Street and 4th Street were recently modified to allow more apartments on the site.

In June 2020, Stock Development acquired a 19.79 acre parcel at 5475 3rd Lane North for $10.8 million from St Pete 454 LLC, an entity controlled by developer Grady Pridgen. The purchase was another milestone in a multi-year effort to redevelop the former Venetian Motor Home Court site which was formerly home to 150 mobile home units.

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