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North St. Pete Welcomes Waterways Apartments and Marina

An artistic rendering of the upcoming Waterways Apartments and Marina development.

News Summary

Residents of North St. Petersburg can look forward to the new Waterways Apartments and Marina, which has commenced construction. Set on 39 acres near the Gandy Bridge, this multi-family development will feature 470 rental units, including apartments and townhomes, alongside numerous recreational amenities and an 8,000-square-foot waterfront restaurant. The project, developed by Key International, aims to create a vibrant waterfront community offering modern living and leisure spaces.

Exciting Development Blossoms in North St. Pete!

Big news has arrived for the residents of North St. Petersburg! Key International has officially kicked off construction on the much-anticipated Waterways Apartments and Marina, a stunning multi-family development that is sure to catch your eye. Set on an expansive 39 acres of prime waterfront property at 12000 Gandy Boulevard North, this spectacular project is conveniently located near the iconic Gandy Bridge.

What’s Inside the Waterways?

Get ready to embrace a new way of living, as the Waterways Apartments and Marina will boast a total of 470 rental units. This impressive collection comprises 324 apartments and 53 rental townhomes that promise to bring together comfort and modern living. With construction having gained approval back in 2022, the development was previously known by the charming name of Snug Harbor.

But that’s not all! Residents will be greeted by 3,000 linear feet of breathtaking water frontage, perfect for anyone who enjoys the soothing views of the water. A shining star of the project includes an 8,000-square-foot waterfront restaurant that sits side by side with a marina outfitted with 130 wet slips and 20 dry stack slips. This marina isn’t just a great way to navigate the beautiful waters; it will primarily serve residents, with plans for a small bait shop to make the fishing experience even more enjoyable.

Recreational Amenities Galore!

When it comes to leisure and fun, the Waterways development has it all! Picture sprawling two resort-style pools, a welcoming clubhouse, and spaces for volleyball, basketball, and pickleball. There’s even a playground for the kids and a recreational field to kick back and enjoy a game or two with friends! To top it off, a public boardwalk will be established, complete with exercise paths and a kayak launch, ensuring easy access to the waters for all adventurers.

A Journey to This Moment

The path leading to this exciting development has not always been smooth sailing. This site has a complex history, struggling through foreclosure and various attempts at development since 2009. Initially envisioned to have just 120 apartment units alongside some commercial spaces, it was re-evaluated in 2017 as a potential stadium site for the beloved Tampa Bay Rays. After many twists and turns, the property was acquired by Key International in a substantial $19 million all-cash deal in late 2022.

Thanks to new density allowances introduced under the 2021 Graywater Statute, which encourages the use of graywater reuse technologies, the project’s original proposal has expanded. Now featuring an exciting total of 470 units, this transformation was finalized with approval from the St. Pete City Council in 2022.

Home Sweet Home Awaits!

The Waterways development will showcase six four-story apartment buildings alongside nine blocks of two-story townhomes, designed to provide a coastal lifestyle. All residential buildings will consist of durable concrete structures to withstand the unique challenges of the coastal environment. Existing seawalls will also be elevated to six feet for added safety and flood protection.

As we look forward to the future, pre-leasing for these residential gems is expected to kick off in late 2026, just in time with the completion of the main clubhouse and several apartment buildings. So, if you’re dreaming of a lovely waterfront lifestyle in St. Pete, keep your eyes peeled because the Waterways Apartments and Marina is on the horizon, ready to make waves!