News Summary
Echelon Development has announced plans for a $225 million mixed-use project near Tropicana Field in St. Petersburg. The development will feature two 31-story towers with 824 apartments and 35,800 square feet of retail space. The project aims to connect downtown St. Petersburg with the vibrant areas around the stadium and will include amenities such as a parking podium for 1,550 vehicles, resort-style pools, and fitness centers. City Council approval is pending before construction can begin.
Exciting Development on the Horizon for St. Petersburg!
St. Petersburg is buzzing with excitement as Echelon Development has unveiled plans for an impressive mixed-use project that promises to reshape the area around Tropicana Field. This colossal development, estimated at a whopping $225 million, aims to connect the heart of downtown with the vibrant zones near one of the city’s most famous landmarks.
What’s in Store?
The new project will feature not one, but two stunning 31-story towers that will house a grand total of 824 apartments. Not only will residents have amazing living spaces, but the ground floor will also be bustling with 35,800 square feet of retail space. Imagine grabbing a morning coffee or shopping for some last-minute groceries right at your doorstep!
Where Will It Be?
If you are familiar with the area, the project is set to rise at 800 2nd Ave. S., the current home to executive offices for the Tampa Bay Rays. This site has seen various activities over the years, but it’s about to transform from its former use as the headquarters for UPC Insurance, now a defunct company.
A Major Transformation
As the project takes shape, it will convert a former parking lot and an outdated office building into an impressive mixed-use hub. With a total area exceeding 1.56 million square feet of combined floor space, this development will surpass St. Petersburg’s tallest current tower, known as the Residences at 400 Central.
Behind the Scenes: Who’s Making This Happen?
Echelon Development isn’t going at this solo! They are teaming up with the savvy folks at Tampa’s Third Lake Partners (TLP). TLP has been busy acquiring land in this prime location, having purchased the UPC site for $10.5 million in November 2022, followed by a nearby parking lot for $10 million in September 2024. Interestingly, the city valued this parking lot at around $16 million!
City Approval Process
Before all these plans become a reality, Echelon Development will be seeking the green light from the City Council. They need to ensure that the project aligns perfectly with existing plans for the Intown Community Redevelopment Area. Once that approval is secured, the path will be cleared for review by the Development Review Commission.
A Look at the Amenities
So, what else can we expect from this ambitious project? The design includes not just amazing apartments but also a parking podium that can fit 1,550 vehicles and even 828 bicycles. Additionally, residents will be treated to a series of fantastic amenities—think resort-style pools, comfy cabanas, cutting-edge fitness centers, and relaxing lounge areas.
Sky-High Living
It’s important to note that floors 8 through 31 will be reserved for high-end, market-rate apartments, with luxurious penthouses crowning the top levels of each tower that will soar to a height of 343 feet.
Enhancing the Neighborhood
With a clear focus on pedestrian-friendly pathways and ground-level activities, this development is set to breathe new life into the area surrounding Tropicana Field. Echelon Development’s representatives believe this project will play a crucial role in revitalizing the community and fostering a dynamic urban living experience.
The Future is Bright
One interesting point to note is that these developments are expected to proceed, even amidst uncertainty regarding the Tampa Bay Rays’ future involvement with the area. As the city continues to evolve, it seems that the transformation around Tropicana Field is going to happen, enhancing connections with downtown and ushering in a new era of growth for St. Petersburg.
So, keep your eyes peeled for this exciting project that promises to redefine city living and the overall landscape of St. Petersburg!
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Additional Resources
- St. Pete Catalyst: Twin 31-Story Towers
- Wikipedia: St. Petersburg, Florida
- St. Pete Rising: Massive Twin Towers Development
- Google Search: St. Petersburg Development
- St. Pete Catalyst: Fiber Internet Provider Expansion
- Google Scholar: St. Petersburg Florida Development
- St. Pete Catalyst: Skyway Marina Project
- Encyclopedia Britannica: St. Petersburg, Florida
- St. Pete Rising: The Central Mixed-Use Project
- Google News: St. Petersburg Florida Real Estate
