USF St. Pete Breaks Ground on New Housing Project
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The University of South Florida St. Petersburg embarks on its latest chapter of growth with the construction of a new residence hall and dining facility. Community leaders and local elected officials including Mayor Rick Kriseman, USFSP Regional Chancellor Martin Tadlock, and USF President Judy Genshaft gathered today to officially break ground on a project that will increase the campus’ housing population by nearly 70%.
The 125,000 square foot building will be six-stories and have 375 beds. Once complete it will join two other dormitories in expanding on-campus housing from 550 beds to more than 900, an important step for the university which has recently had to house students in the Downtown St. Pete Hilton Bayfront Hotel due to lack of capacity.
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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.