First workforce housing development filed under the Live Local Act in Largo nears completion

First workforce housing development filed under the Live Local Act in Largo nears completion

Global real estate firm Trammell Crow Residential is nearing completion of a new 240-unit luxury apartment community in Largo.

Caspia is being constructed on a 9.5-acre property at 705 Redbud Lane near the corner of 8th Avenue SE and Donegan Road.

The community, which is expected to launch preleasing soon, will contain a mix of affordable and market rate housing.

40% of the units will be reserved for households earning at or below 120% of the area median income (AMI), or roughly $68,400 annually in the City of Largo, while the remaining apartments will be rented at market rates.

Groundbreaking on the development began in 2024. Construction is now nearing completion.

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619-unit Alton Skyway apartments approved for SPC’s Allstate Campus in the Skyway Marina District

619-unit Alton Skyway apartments approved for SPC’s Allstate Campus in the Skyway Marina District

Despite facing opposition from area developers and others, a 17.25-acre property in south St. Pete is expected to become a new 619-unit apartment community.

On Wednesday, the St. Petersburg Development Review Commission ultimately approved a site plan from Delray Beach–based Kolter Multifamily to build Alton Skyway, a luxury garden-style apartment development at 3200 34th Street South.

The approval passed with a 5-1 vote, with DRC member Joseph Griner casting the lone opposing vote.

The property, owned by St. Petersburg College, includes several educational buildings that will be demolished to make way for Alton Skyway, a two-phase development featuring eight five-story buildings and neighborhood-scale retail.

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14-unit luxury condo-hotel Sunshine Club begins construction in Treasure Island

14-unit luxury condo-hotel Sunshine Club begins construction in Treasure Island

A six-story condo-hotel has broken ground in Treasure Island.

City officials and the Pinellas Beaches Chamber recently held a groundbreaking ceremony for the Sunshine Club, a 14-unit project planned for a 0.28-acre site at 12200 Gulf Boulevard.

Condo-hotels allow buyers to purchase individual units that can be used personally or placed into a nightly rental program.

“I think it’s going to just be a huge hit here in Treasure Island,” Treasure Island Vice Mayor Tammy Vasquez said during the event held last month.

“We are just looking forward to getting back to normal and getting our visitors back, and we’re super excited about it,” she added, referencing the area’s rebound after many buildings suffered damage from back-to-back hurricanes in 2024.

The project, which was conceptualized in 2022 and approved by the city the following year, is being built by local developer and contractor Bill Karns, who was brought in by the new ownership group to oversee development and construction.

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Dali Museum unveils $65 million expansion in downtown St. Pete

Dali Museum unveils $65 million expansion in downtown St. Pete

The Dali Museum is preparing for a major expansion that will bring new galleries, learning spaces, and immersive art experiences to its downtown St. Pete waterfront campus.

Museum officials on Wednesday unveiled plans for a $65 million expansion that will add approximately 35,000 square feet to the property at 1 Dali Boulevard.

Construction is expected to begin in fall 2026, with the new spaces scheduled to open to the public in 2028.

The expansion will introduce flexible gallery spaces designed for immersive exhibitions that blend art and technology, a dedicated learning center for K–12 students and adult education programs, and new community event spaces for gatherings and cultural programming.

“We are creating a museum that will stand with the great cultural institutions of the world, prepared to meet the expectations of today’s visitors and the curiosity of those who will walk through these doors decades from now,” said Hank Hine, executive director of The Dali Museum. “This is a defining moment for our institution and for St. Petersburg. It’s not about being bigger; it’s about being bolder.”

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65-acre HSN headquarters under contract for one of Tampa Bay’s largest industrial projects

65-acre HSN headquarters under contract for one of Tampa Bay’s largest industrial projects

The 65-acre former Home Shopping Network corporate headquarters in north St. Pete could soon be transformed into one of the area’s largest industrial parks.

Greystar, the largest multifamily housing owner, manager, and developer in the U.S., placed the site under contract late last year and is now seeking site plan approval from the Development Review Commission (DRC) to build more than 400,000 square feet of industrial warehouse space on the eastern 41-acre portion of the property at 2501 118th Avenue North.

The proposal is scheduled to go before the DRC this Wednesday. If approved, the sale is expected to close later this year, pending entitlements and required permits.

Plans for the remaining 24 acres have not been determined.

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Empath Health site in Largo sells for $19 million, 376-unit apartment community planned

Empath Health site in Largo sells for $19 million, 376-unit apartment community planned

The largest multifamily housing owner, manager, and developer in the U.S. has acquired a 21.8-acre property in Largo, where it will build a new apartment community.

Greystar Real Estate Partners purchased the property at 5771 Roosevelt Boulevard for $19.25 million from Empath Health, according to a deed recorded on Thursday with the Pinellas County Clerk’s office.

The development group also took out a $68 million construction loan from CIBC Bank USA.

For Empath Health, the sale is one step in a broader plan to modernize operations and better align physical spaces with current workforce needs and community care.

“This is not a downsizing,” said Jonathan Fleece, President and CEO of Empath Health in a statement lsat year. “It’s a right-sizing. The sale enables us to invest more meaningfully in our colleagues and the systems that support compassionate care, while staying firmly planted in the communities we serve.”

Empath will shift administrative functions currently based at Roosevelt to other support sites in Palm Harbor and St. Pete. There will be no disruption to patients or family services.

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$13.2 million penthouse under contract at proposed Roche Bobois Tower could shatter Tampa Bay condo record

$13.2 million penthouse under contract at proposed Roche Bobois Tower could shatter Tampa Bay condo record

A penthouse in a planned 29-story luxury tower in downtown St. Pete is under contract — and if it closes, it would shatter Tampa Bay’s condominium pre-sale record.

The residence sits atop the proposed Roche Bobois St. Pete Tower, a $200 million, 164-unit development from Valor Real Estate Development in partnership with French luxury furniture brand Roche Bobois.

The 4,840-square-foot penthouse is under contract for $13.2 million — or $2,727 per square foot.

If the deal closes, it would easily surpass the current Tampa Bay pre-sale record: a $4.94 million contract at The Nolen, which equated to $1,494 per square foot and remains the region’s highest-priced new construction condo sale to date.

In July, an 11,000-square-foot penthouse at proposed 50-story Waldorf Astoria Residences St. Petersburg went under contract for $27 million, or $2,454 per square foot.

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11 affordable townhomes completed as Habitat for Humanity wraps up The Grove in South St. Pete

11 affordable townhomes completed as Habitat for Humanity wraps up The Grove in South St. Pete

Earlier this month, Habitat for Humanity Tampa Bay Gulfside celebrated the completion of The Grove, an 11-unit affordable townhome community at 1805 18th Avenue South in south St. Pete.

The project, located three blocks east of Tangerine Plaza, was made possible after the City of St. Petersburg donated the property to Habitat in 2024.

“The Grove will be a community where children play safely, families thrive, and neighbors genuinely support one another,” said Mike Sutton, president and CEO of Habitat for Humanity Tampa Bay Gulfside, as he handed keys to seven new homeowners during the dedication ceremony.

The new homeowners include a Pinellas County Schools educator, a James B. Sanderlin Neighborhood Family Center specialist and ordained minister, a Cannes Community Health employee, a JPMorgan Chase HR specialist, a Miller Electric apprentice electrician, and two Avera Health professionals.

The remaining families are expected to receive their keys in the coming months.

St. Petersburg City Councilmember Corey Givens Jr., who grew up near the site, spoke about the transformation he has witnessed firsthand.

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Four Seasons could be coming to downtown St. Pete

Four Seasons could be coming to downtown St. Pete

First came the announcement of Roche Bobois-branded residences. Then the Waldorf Astoria Residences.  Could Four Seasons be next for downtown St. Pete?

According to sources familiar with the discussions, a development group has begun evaluating potential sites in downtown St. Pete for a possible Four Seasons-branded project.

Importantly, Four Seasons itself is not out scouting land. Rather, a developer is studying sites and conducting preliminary feasibility work for a potential project affiliated with the global luxury hospitality company.

The effort remains highly exploratory. No site is under contract. No formal plans have been filed with the City of St. Petersburg. Key details including height, unit count, design, and pricing have not been determined.

Sources say the developer’s early focus has centered on sites near Beach Drive, particularly those with strong water views, and that the developer recently submitted offers to purchase every unit in a Beach Drive condo tower as part of a potential redevelopment strategy.

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Hilton Bayfront in downtown St. Pete to be sold to prominent developer for $96 million

Hilton Bayfront in downtown St. Pete to be sold to prominent developer for $96 million

In a deal that could reshape downtown St. Petersburg’s skyline in the years ahead, Delray Beach-based Kolter Group is under contract to purchase the Hilton St. Petersburg Bayfront on the downtown waterfront.

The 15-story hotel, which offers sweeping views of Tampa Bay, is expected to remain open for now. Long term, however, the three-acre site carries significant redevelopment potential.

Located at 333 1st Street South, the property sits across from Al Lang Stadium, The Dalí Museum, and the Mahaffey Theater, and just steps from Central Avenue and Beach Drive.

The hotel was originally built in 1972 and renovated in 2014. It includes 333 guest rooms, 33 meeting rooms, and approximately 47,710 square feet of event space.

According to a February 20th, 2026 filing with the U.S. Securities and Exchange Commission, the owners of the Hilton Bayfront, Ashford Hospitality Trust subsidiaries St. Petersburg Florida Hotel Limited Partnership and Ashford TRS Lessee II LLC, entered into a purchase and sale agreement on December 12th, 2025 to sell the property to Kolter Group Acquisitions LLC for $96 million.

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