Apartment Construction Boom Spreads Throughout St. Pete
/St. Petersburg is in the midst of an apartment construction boom that is, so far, showing no signs of slowing down. Nearly 2,500 multifamily rental units are currently under construction in the Sunshine City, a number which may pale in comparison to some cities, but is significant given St. Pete’s historical growth. And it may surprise people that this building boom is not just happening in the downtown core, but in other corners of the city as well.
While St. Pete Rising has previously reported on apartment projects like 1701 Central, Artistry, Vantage, and The Exchange, which are all under construction in Downtown St. Pete, there are a number of projects going vertical outside of downtown. These projects are largely concentrated in two areas: the Skyway Marina District and the Gateway area. In aggregate, these units will add thousands of new residents to St. Petersburg. Here’s a summary of multifamily apartment developments being built outside of downtown.
Read More

A 16-story apartment tower has been proposed across from the University of South Florida St. Petersburg campus, replacing a larger project approved for the same property last year.
The proposed development would rise at 446 4th Street South, at the northeast corner of 5th Avenue South and 4th Street South.
The 0.7-acre property is currently home to a 105-year-old commercial building previously occupied by Fresenius Kidney Care American Dialysis Center and an adjacent surface parking lot.
The project, which would be developed by Charleston, South Carolina-based The Beach Company, will contain 165 apartments, approximately 3,200 square feet of ground-floor retail space, a 176-space parking garage, and 178 bicycle spaces.
It’s a significant change from the development St. Petersburg City Council approved for the site in February 2025.