Mixed-Use Development Planned for Downtown St. Pete’s Grand Central District
/Recently, new residential developments have been sprouting up on nearly every corner in Downtown St. Pete. From urban townhomes to mid-rise condos to towering mixed-use apartment developments, there has been a lot of activity within the urban core as well as in downtown’s peripheral districts.
Despite seeing enormous growth in new restaurants and retail options, St. Pete’s Grand Central District, which runs along Central Avenue between 16th Street and 31st Street, has yet to experience the boom in residential growth that the neighboring EDGE District has encountered. However, that may soon change.
Milhaus, a real estate construction, development, and management company from Indianapolis is proposing a large mixed-use development in the district. The six-year-old company is relatively new to Florida, but has plans for an expanded presence in the state, including a project currently under construction in the Seminole Heights neighborhood of Tampa.
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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.