Massive 31-story, twin-tower development approved for downtown St. Pete
/The City of St. Petersburg has officially approved plans for one of downtown’s largest-ever residential projects, a transformative $225 million development featuring two 31-story towers at the former headquarters of UPC Insurance.
First reported by St. Pete Rising earlier this year, the project at 800 2nd Avenue South is being led by local developer Echelon, LLC and Tampa-based investment advisory firm Third Lake Partners.
Now greenlit by the City, the development will move forward with site plan approvals, setting the stage for construction to begin as early as the first quarter of 2026.
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A chain-link fence went up last week around the site of a planned 20-story mixed-use apartment tower expected to begin construction soon in the EDGE District of downtown St. Pete.
In a conversation with St. Pete Rising, PTM Partners said it is preparing the site for demolition to make way for EDGE Collective II, which will be located at the northwest corner of 11th Street South and 1st Avenue South.
The new tower will replace the former Dr. BBQ restaurant and the buildings that previously housed Pin on Cafe, EMOTO Electric Motorbikes, and Chai Mixology.
Pin on Cafe has since relocated to 2458 Central Avenue and rebranded as Pin on Grand.
After the site has been cleared, production pile installation is expected to begin in September or early October, pending final coordination with Duke Energy on utility relocations, followed by vertical construction.