Downtown St. Pete may get its first new office building in nearly three decades if the city accepts an offer from UPC Insurance to expand it’s headquarter’s to a lot along 1st Avenue South. The city has long discussed offering Jabil this site in an attempt to lure them into building a new corporate headquarters in Downtown St. Pete. However, when Jabil ultimately chose to rebuild and expand its existing office complex in North St. Pete, UPC took notice and began exploring plans of their own. 

On July 19, 2018, the City of St. Pete received a letter from UPC Insurance stating their desire and intent to acquire the entire 800 block of 1st Avenue South for the purposes of constructing and occupying a new corporate headquarters. 

UPC Insurance currently owns a 42,000 square foot building across the street at 800 2nd Avenue South, which formerly housed the Downtown St. Pete AAA office, as well as a smaller 8,000 square foot building at 724 2nd Avenue South. They also currently lease a parking lot from the city which is adjacent to their 800 2nd Avenue South building.