Waterways Apartments & Marina

Shovels will soon hit the ground to start vertical construction on a new 470-unit multi-family development encompassing 39 acres of waterfront property overlooking Tampa Bay.

This spring, Miami-based Key International will break ground on the Waterways Apartments and Marina project at 12000 Gandy Boulevard North, located near the intersection with Snug Harbor Road. The development was approved in 2022.

Waterways Apartments and Marina, a project formerly referred to as Snug Harbor, will boast over 3,000 linear feet of prime water frontage and will feature 324 bayfront apartments and 52 rental townhomes facing a large retention pond. 

Additionally, an 8,000-square-foot yet-to-be-revealed waterfront restaurant will sit adjacent to a marina with 130 wet slips and 20 dry stack slips. The marina will be primarily used by residents and feature a small bait shop.

St. Pete City Council approved a revised development agreement for a proposed mixed-use waterfront project on Gandy Boulevard that increases the number of residential units in the project.

In late 2021, developer Key Gandy LLC, a subsidiary of Miami-based Key International, announced a mixed-use proposal with 376 residences on a 39-acre parcel at 12000 Gandy Boulevard North, near the intersection with Snug Harbor Road. The development was approved earlier this year.

The project also includes a waterfront restaurant and marina with both wet and dry slips, some of which will be available to the public.

Last Week St. Pete’s Development Review Commission approved a redevelopment plan that will bring a 376-unit multifamily community along with a new marina and restaurant to a 39-acre parcel at 1200 Gandy Boulevard.

The property in being developed by Miami-based Key International. Key International’s real estate portfolio features a mix of residential, commercial, and hospitality properties scattered across the southeastern United States and southern Europe. In October 2021, the company sold a Residence Inn by Marriott and SpringHill Suites on Clearwater Beach.

On Monday, The St Pete Community Planning and Preservation Commission (CPPC) unanimously approved amendments to a mixed-use development agreement that would bring residential units, a restaurant, and a public marina to Snug Harbor.

The currently vacant, 39-acre property is south of Gandy Blvd and East of San Fernando Blvd NE and consists of three combined parcels known as Gandy Center, Pirates Cove, and Riviera.

The original development agreement, approved in 2009, outlined plans to build 120 apartment units, a commercial marina with 45 wet slips, 72,000 square feet of retail space, and three restaurants comprising 21,000 square feet on the northern portion of the property, along with 256 single family or townhome residential units and 225 private docks on the southern parcel.