Two developers have proposed a pair of high-rise towers that would replace a 40,000-square-foot building in St. Petersburg.
Locally based Echelon, LLC, in partnership with Third Lake Partners, would construct two 31-story towers, requiring more than 1.5 million square feet of new construction. The towers would feature a total of 824 apartments, along with a seven-story podium with a combined 2,378 parking spots: 1,550 for motor vehicles and the remaining 828 for bicycles.
The towers would offer more than 800 units. Image by ARC3 Architecture via St. Pete Rising
The homes start on the eighth floor, ranging from “high-end, market-rate apartments” and top-floor penthouses. RentCafé notes that the average cost of a 917-square-foot apartment in downtown St. Petersburg is currently $3,392 a month. Communal amenities include two resort-style swimming pools, fitness centers, and indoor/outdoor recreational space. There would also be 35,800 square feet of retail.
This isn’t the first time a developer has proposed plans involving the 3.05-acre site. In May 2022, St. Pete Rising reported that through an unsolicited offer, three developers wanted to move forward with a mixed-use campus that would have included a medical building, hotel, and apartments. Those plans ultimately didn’t come to fruition due to a lack of funding and support from city officials.
If developers get the necessary approvals for the two towers, construction could start in the first quarter of 2026. The $225 million venture has been proposed for 800 2nd Avenue South, St. Petersburg, FL, 33701, in Pinellas County.
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Wow, what massive, unattractive buildings. If they look this bad in the renderings, just imagine what they will look like in real life if they get built. Hope they have a good zoning and design review committee in St. Pete.