29-story condo tower approved for 4th Street South in downtown St. Pete
/A Clearwater-based developer has received approval to build a new 29-story residential tower in downtown St. Petersburg.
Valor Capital plans to construct a $70 million, 165-unit condominium tower on the northeast corner of 4th Street South and 4th Avenue South, just two blocks from the Publix-anchored University Village retail plaza.
At a Development Review Commission meeting on Wednesday, commissioners unanimously approved a floor area ratio (FAR) bonus and a building height bonus for the project, known as the Roche Bobois Residences. Construction is expected to begin in 2026.
The approval follows a prior site plan approval for the project by the St. Petersburg City Council, acting as the Community Redevelopment Agency, in July.
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