ARK Innovation Center completion marks new era for St. Pete’s entrepreneurial scene
/The long-awaited ARK Innovation Center will officially open next month - creating a first-of-its-kind entrepreneurial hub in Pinellas County.
ARK Invest founder Cathie Wood, St. Petersburg Mayor Ken Welch, Pinellas County Economic Development Director Cynthia Johnson, among leaders from the Tampa Bay Innovation Center, cut a ribbon Monday morning, celebrating the completion of the 45,000-square-foot facility at 1101 4th Street South.
In the coming months, engineers, data scientists and entrepreneurs will fill the center's empty suites, conference rooms, and 3D-printing, and prototyping studios.
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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.