Downtown St. Pete's tallest office tower, 200 Central, sells to local group

Downtown St. Pete's tallest office tower, 200 Central, sells to local group

The tallest office building in Pinellas County has changed hands.

Feldman Equities and its partners have acquired 200 Central Avenue, the 28-story office tower at the corner of Central Avenue and 2nd Street in downtown St. Petersburg.

Financial terms of the transaction were not disclosed.

The Tampa Bay-based commercial real estate firm announced the acquisition Wednesday and said it plans to invest more than $20 million into upgrades and improvements throughout the building.

The tower was previously owned by Third Lake Capital, a Tampa-based investment advisory firm, which purchased the property for $65.75 million in 2017, according to Pinellas County property records.

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New district markers are a sign of Grand Central District’s growing identity

New district markers are a sign of Grand Central District’s growing identity

New district markers now welcome residents and visitors to the Grand Central District, a neighborhood that has steadily grown into one of the Sunshine City’s most active, walkable neighborhoods.

One of the metal sculptures now stands at the intersection of Central Avenue and 16th Street in front of the Arte apartment complex.

Created by international artist Volkan Alkanoglu, the towering piece resembles a bird’s plumage.

A second structure, designed to resemble a palm tree, was installed next to the Vantage St. Pete apartments at 1st Avenue North and 16th Street.

“These were designed to reflect the artistic vibes and progressive feel that define the Grand Central District,” District Director Chris Arnold said during a Tuesday ribbon cutting.

The installations mark the culmination of a five-year effort by the Grand Central District Association, which reviewed more than 100 submissions from artists across the country before selecting the final designs.

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BankUnited to open St. Pete branch on Central Avenue in the EDGE District's oldest building

BankUnited to open St. Pete branch on Central Avenue in the EDGE District's oldest building

BankUnited, a regional bank headquartered in Miami Lakes, is opening a new branch at 900 Central Avenue, on the southwest corner of Central Avenue and Dr. Martin Luther King Jr. Street North in downtown St. Pete. The bank will occupy 2,700 square feet on the first floor of the building.

Built in 1918 as the Western Hotel, and renamed the St. Petersburg Hotel two years later, the three-story brick structure is the EDGE District's oldest building.

Over more than a century, the building has housed a post office sub-station, a drug store, a grocer, and a string of other businesses. The first-floor space BankUnited will occupy was most recently home to an Anytime Fitness location, which closed in late 2022.

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619-unit Skyway Marina apartment project cleared to move forward after appeal denied

619-unit Skyway Marina apartment project cleared to move forward after appeal denied

St. Petersburg City Council denied an appeal last Thursday challenging a previously approved 619-unit apartment development known as Alton Skyway in the Skyway Marina District, allowing the project to move forward.

The appeal failed in a 6-1 vote, with Councilmember Deborah Figgs-Sanders casting the lone vote supporting the appeal. Councilmember Brandi Gabbard was absent.

The project, proposed by developer Kolter Multifamily, will be constructed on a 17.25-acre property at 3200 34th Street South, replacing a former St. Petersburg College public safety training property with eight five-story apartment buildings.

The first phase of development will include 342 apartments across four buildings on the southern portion of the site, while phase two will add the remaining 277 units in four additional buildings on the northern portion of the property.

The community will contain one-, two-, and three-bedroom apartments ranging from 618 to 1,322 square feet.

At full buildout, the development will have 883 parking spaces, exceeding the minimum requirement of 775 spaces.

Plans also set aside a one-acre outparcel on the southwest corner of the property for a future 5,000-square-foot commercial building, though no retail space is currently included in the approved site plan.

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St. Pete approves major zoning overhaul allowing taller buildings and no parking minimums along SunRunner route

St. Pete approves major zoning overhaul allowing taller buildings and no parking minimums along SunRunner route

The City of St. Pete has officially approved a major zoning change along the SunRunner corridor, clearing the way for taller buildings, denser development, and a shift toward more walkable neighborhoods.

On Thursday, City Council unanimously approved the SunRunner Bus Rapid Transit Overlay, marking the final step in adopting the new regulations.

At its core, the new overlay changes what can be built along Central Avenue west of 19th Street and nearby streets served by the SunRunner, the city’s 10-mile bus rapid transit line connecting downtown to the beaches.

The overlay creates a transit-oriented development district, giving property owners the option to follow a new set of rules designed to support transit use, increase development intensity, and allow a wider mix of uses than what is permitted under existing zoning.

Unlike a traditional rezoning, the overlay is optional, meaning developers can choose whether to use the new standards or stick with the underlying zoning already in place.

The overlay introduces one of the most closely watched changes: the elimination of minimum parking requirements.

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21-story luxury condo tower approved for former Fit2Run site in downtown St. Pete

21-story luxury condo tower approved for former Fit2Run site in downtown St. Pete

Plans to build a 14-story hotel on a prominent half-acre site in downtown St. Pete have been replaced with a new proposal for a 21-story luxury condominium tower.

The city’s Development Review Services Division this week administratively approved a $60 million condominium project for a 0.53-acre site at 232 and 256 2nd Street North, located across the street from the Sundial shopping center and AMC movie theater.

Proposed by Kolter Group, one of the city’s most prominent high-rise developers, the new tower will feature 62 residences, 7,600 square feet of commercial space for a private membership club, and a 133-space parking garage, more than double the 62 spaces required by code.

Kolter Group bought the property for $7.5 million in late 2021.

The site previously contained a surface parking lot and a nearly 90-year-old building that housed Fit2Run, the running specialty store that relocated to a larger storefront at 801 Central Avenue in 2024.

The Fit2Run building was demolished in March.

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14-story ClearView luxury apartment tower opens at Echelon City Center in north St. Pete

14-story ClearView luxury apartment tower opens at Echelon City Center in north St. Pete

ClearView at Echelon City Center, a new 14-story luxury apartment tower in north St. Pete, has started welcoming its first residents.

The 363-unit development is located at 101 Main Street North at the southeast corner of Carillon Parkway and Main Street, in Echelon City Center at Carillon Business Park, less than 15 minutes from both downtown St. Pete and downtown Tampa.

Developed by St. Pete-based Echelon and Tampa-based Third Lake Partners, and built by KAST Construction, ClearView is the latest mixed-use addition to Echelon City Center, a 20.5-acre master-planned development which at full build out is expected to include up to 2,300 residential units, 150,000 square feet of retail space, office space, and a hotel.

Carillon Business Park is one of the Tampa Bay area’s largest employment hubs, known for its concentration of corporate offices. Some of the largest employers include Raymond James Financial, Franklin Templeton Investments, Catalina Marketing, Transamerica, and several defense and aerospace companies such as General Dynamics, Lockheed Martin, and L3Harris.

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Controversial Tierra Verde Marina redevelopment narrowly approved after heated debate

Controversial Tierra Verde Marina redevelopment narrowly approved after heated debate

St. Petersburg’s Development Review Commission voted Wednesday night to approve a controversial redevelopment of the Tierra Verde Marina after hours of public comment and debate over traffic, hurricane safety, environmental impacts, and compatibility with the surrounding island community.

The approval narrowly passed with a 4-3 vote. Commissioners Charles Flynt, Sam Blatt, and Sarah Jane Vatelot voted against the project. Kevin Reali, Joseph Griner, Will Conroy, and David Hugglestone voted in favor.

Along with the approval, the DRC passed two conditions of approval. Commissioners unanimously voted to require a thorough noise study and limit noise levels to 60 decibels. They also approved operating hours for the marina and pool from 8 a.m. to 5 p.m. on weekdays and 8 a.m. to 6 p.m. on weekends.

Today, the marina features 64 wet slips, 314 high-and-dry racks within a 58,000-square-foot indoor storage complex, a 24,000-square-foot shopping center, and a gas station.

The approved proposal would demolish the existing shopping center and gas station and redevelop the seven-acre marina property at 100 Pinellas Bayway South with two additional 72-foot dry-storage rack buildings, a public restaurant and rooftop bar, retail space, marina offices, and a private pool area for marina members.

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The Beachcomber hotel and Jimmy B’s Beach Bar on St. Pete Beach sell for $31.5 million

The Beachcomber hotel and Jimmy B’s Beach Bar on St. Pete Beach sell for $31.5 million

An iconic waterfront hotel on St. Pete Beach, which has operated for more than 50 years, now has new owners.

The Beachcomber Hotel, located at 6200 Gulf Boulevard, has been purchased by South Carolina-based OTO Development for $31.5 million.

The seller, Miami-based Gencom, acquired the hotel in 2018 for $24 million.

The 102-room Beachcomber is one of the most recognizable hotels on St. Pete Beach, known for its laid-back “Old Florida” vibe and Jimmy B’s Beach Bar, a popular live music venue that has become a staple for both tourists and locals.

OTO Development, a hospitality company that develops, owns, renovates and manages hotels across the United States, has not publicly detailed its long-term plans for the property.

“This is an exciting addition to OTO’s growing portfolio in the Tampa-St. Pete market,” said CEO Rob Rain in a press release. “The Beachcomber complements our nearby properties, positioning us to meet continued demand from the millions of tourists who visit St. Pete Beach each year.” 

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12-story, 150-unit affordable housing tower proposed for former Playhouse Theater site in Grand Central District

12-story, 150-unit affordable housing tower proposed for former Playhouse Theater site in Grand Central District

The former Playhouse Theater and Morph Nightclub properties in St. Pete’s Grand Central District could soon be demolished for a new affordable housing tower near downtown St. Pete.

Tampa-based affordable housing developer Blue Sky Communities has the 0.61-acre site at 1850 Central Avenue and 1833 1st Avenue South under contract for $6.25 million.

The deal is expected to close in March 2027.

Plans call for a 12-story, 150-unit affordable apartment tower, called JR Tower, with 3,000 square feet of commercial space.

“Getting affordable and workforce housing in downtown St. Pete is becoming increasingly difficult so this is an opportunity that doesn’t present itself often,” Blue Sky Communities Executive Vice President and CFO Scott Macdonald said in a conversation with St. Pete Rising.

“I hope it will alleviate a lot of the challenges this area is seeing for staffing businesses. Additionally, we are excited for the residents to be able to utilize the Bus Rapid Transit (BRT) as JR Tower will be a quarter of a mile from a BRT station,” Macdonald added.

Blue Sky Communities plans to utilize Chapter 17.5 of St. Pete’s municipal code, which allows affordable housing developments on certain commercially and industrially zoned properties in exchange for long-term affordability requirements.

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