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2 days, 2 downtown St. Pete apartment buildings announced

in The Bay and the 'Burg/Top Headlines by

Hot on the heels of announcing a 22-story apartment building in downtown St. Pete, news of another just west of it broke Tuesday morning. According to the pro-St. Pete development news site St. Pete Rising, the NRP Group is planning to build a nine-story luxury apartment building on the block between Second and Third avenues south, and Fourth and Fifth streets.

The property is a parking lot across the street from the Tampa Bay Times.

Plans for the new development include an eight-story facility with 366 luxury apartments. The ninth floor will be used as an amenity deck. The apartments will wrap around an internal parking garage for residents with another 200 spaces reserved for Times employees.

The NRP Group also developed the neighboring Beacon 430. That 326-unit building sold for $84.5 million in September, according to the Tampa Bay Times.

That recent sale gives apartment developers faith in a downtown residential boom some worry the city can’t sustain. According to St. Pete Rising, there are more than 2,000 units either proposed or already under construction.

St. Pete is attracting residents through its walkable city model and booming downtown. Shopping, dining, and nightlife are already well-established in downtown and outlying communities such as the Edge District, Grand Central, and the Deuces. With the increase in residential properties, other amenities are following. A second Publix is planned for the Edge District.

The latest announced development is expected to break ground within a month with move-ins expected in September 2017.

More apartments and residential units could still be coming to the downtown area. If a deal between the city and the Tampa Bay Rays is approved, the city is expected to begin developing the more than 80 acres of land occupied by Tropicana Field parking as soon as possible. That will include mixed-use development including retail, commercial, and residential.

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Janelle Irwin has been a professional journalist covering local news and politics in the Tampa Bay area since 2003. She also hosts a weekly political talk show on WMNF Community radio. Janelle formerly served as the sole staff reporter for WMNF News and previously covered news for Patch.com and various local neighborhood newsletters. Her work has been featured in the New York Daily News, Free Speech Radio News and Florida Public Radio and she's been interviewed by radio stations across the nation for her coverage of the 2012 Republican National Convention. Janelle is a diehard news junkie who isn't afraid to take on big names in local politics including Tampa Mayor Bob Buckhorn, the dirty business of trash and recycling in St. Pete and the ongoing Pier debacle. Her work as a reporter and radio host has earned her two WMNF awards including News Volunteer of the Year and Public Affairs Volunteer of the Year. Janelle is also the devoted mother to three brilliant and beautiful daughters who are a constant source of inspiration and occasional blogging fodder. To contact, email janelle@floridapolitics.com.

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