Plan to preserve historic building and build condos on Mirror Lake approved by Development Review Commission
/Local developer Backstreets Capital is proceeding forward with plans to preserve a historically significant property while building a new luxury condo building fronting Mirror Lake in downtown St. Pete.
During a Development Review Commission (DRC) meeting on Wednesday, members unanimously approved a setback variance request for the new project at 250 Mirror Lake Drive North.
The 0.47-acre site is currently home to an 87-year-old building that will be restored into a single-family home. Additionally, a new two-story residence will be built on the northeast corner of the property and an 18-unit condo building will be constructed on the west side of the property on what is currently a vacant lot.
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Demolition work has begun at the former Tampa Bay Times building at 490 1st Avenue South in downtown St. Petersburg, nearly two years after a construction crane collapsed into the property during Hurricane Milton.
Crews are currently completing interior, non-structural demolition and asbestos abatement, according to City of St. Petersburg permit records.
The eight-story, 240,000-square-foot complex consists of three buildings, with the original structure built in 1924 and additions completed in 1968 and 1988.
Naples-based Stock Development purchased the former Times building in June for $18 million.
The developer plans to redevelop the site with a high-rise condominium tower that could also include ground-floor commercial space and offices.