Gas Plant District redevelopment teams bolster partnerships ahead of proposal deadline
/Prominent local developers competing to lead the redevelopment of the Gas Plant District in St. Pete are expanding their teams.
On January 4th, Mayor Ken Welch opened a 30-day window inviting developers and interested parties to submit proposals, following the receipt of an unsolicited proposal in October 2025 from ARK Ellison Horus.
Since then, investor Thompson Whitney Blake of Blake Investment Partners has announced he is also submitting a proposal.
ARK Ellison Horus and Blake are currently the only developers to publicly signal their intent to submit bids for the site, although additional proposals could still be submitted before the February 3rd deadline.
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Plans have been revealed for two 44-story condominium towers at the site of the Hilton St. Petersburg Bayfront, in what would be one of the largest condo developments ever proposed for downtown St. Pete.
Delray Beach-based Kolter Urban recently circulated a site plan application to neighborhood and business associations outlining a $325 million redevelopment of the hotel property at 333 1st Street South.
If built as proposed, the towers would rise up to 509 feet. Only two existing or planned towers in St. Petersburg would be taller: the 515-foot Residences at 400 Central and the 539-foot Waldorf Astoria Residences planned at 150 2nd Avenue South.
The two new towers, which have been designed by 10 Design, would tie for the city’s third-tallest buildings, ahead of the 450-foot Art House and ONE St. Petersburg towers and the 408-foot Saltaire.
The proposal calls for 325 condo units, 17,988 square feet of commercial space, and a 519-space parking garage.
Kolter would also make 207 spaces in the adjacent Saltaire garage available to residents, for a total of 726 parking spaces.