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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A 31-acre office property along McCann Lake has received preliminary approval for what would become the largest apartment community in Pinellas Park, with 552 units, including at least 221 affordable apartments.
City staff approved the preliminary site plan on September 30th for 10222 MCI Drive in the Gateway Centre Business Park.
The two-phase development would replace an office campus with nine four-story apartment buildings, two clubhouses, pickleball courts, and 847 parking spaces.
The apartment proposal relies on Florida’s Live Local Act, which allows residential development on the industrially zoned property, provided that at least 40% of the apartments, or at least 221 units, are reserved for households earning at or below 120% of the area median income for a minimum of 30 years.
The remaining 331 apartments would be leased at market rates.
Plans call for apartments ranging from studios to three-bedroom units. All nine residential buildings would rise four stories, with a maximum height of 50 feet.