St. Pete Innovation District unveils new master plan shaping future waterfront growth
/The Innovation District, a 560-acre neighborhood on the southeastern edge of downtown St. Pete, is putting the final touches on a new master plan outlining a long-term vision for growth, including possible zoning updates that could lead to larger mixed-use developments.
The plan, which was presented during an open house on Wednesday night, is meant to be a flexible, long-term framework rather than a rigid set of instructions.
Developed in partnership with the City of St. Pete and Kimley-Horn, the plan emphasizes expanded waterfront access, climate resilience, mixed-use development, and stronger connections to downtown and surrounding neighborhoods.
First established in 2016, the Innovation District has become a hub for marine science, healthcare, research, and technology anchored by major institutions including the University of South Florida St. Petersburg, Johns Hopkins All Children’s Hospital, Orlando Health Bayfront Hospital, Port St. Pete, and Albert Whitted Airport.
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Plans have been revealed for two 44-story condominium towers at the site of the Hilton St. Petersburg Bayfront, in what would be one of the largest condo developments ever proposed for downtown St. Pete.
Delray Beach-based Kolter Urban recently circulated a site plan application to neighborhood and business associations outlining a $325 million redevelopment of the hotel property at 333 1st Street South.
If built as proposed, the towers would rise up to 509 feet. Only two existing or planned towers in St. Petersburg would be taller: the 515-foot Residences at 400 Central and the 539-foot Waldorf Astoria Residences planned at 150 2nd Avenue South.
The two new towers, which have been designed by 10 Design, would tie for the city’s third-tallest buildings, ahead of the 450-foot Art House and ONE St. Petersburg towers and the 408-foot Saltaire.
The proposal calls for 325 condo units, 17,988 square feet of commercial space, and a 519-space parking garage.
Kolter would also make 207 spaces in the adjacent Saltaire garage available to residents, for a total of 726 parking spaces.