SPL LIVING
RISING to new HEIGHTS
Ascent St. Petersburg
St. Pete’s housing boom is bringing a new vitality and a changing skyline to downtown living. BY ANTHONY CLOSE Over the past five years, St. Petersburg’s real estate market has reached new heights with a surge of new construction that has revitalized neighborhoods and reshaped the housing market. As one of the Sunshine State’s most popular cities, St. Petersburg boasts a unique blend of traditional charm, a vibrant downtown, artistic and cultural attractions, along with an award-winning waterfront park system that stretches along Tampa Bay. It comes as no surprise that the lifestyle St. Pete offers has led to a surge of demand for new residential units. Downtown St. Petersburg is the beating heart of St. Pete’s development activity with thousands of new residential units under construction and thousands more on the horizon. The most significant real estate projects underway are Art House, The Julia, Modera St. Petersburg, The Nolen, The Residences at 400 Central, and Reflection. Add those with recently completed projects like Ascent St. Petersburg, Evo, and
Saltaire and you get a rapidly changing skyline. Here’s a year-end look at the most significant real estate developments in downtown St. Petersburg in 2023, highlighting key projects that have recently taken shape and those poised to make substantial progress in the year ahead. Ascent St. Petersburg – 225 1st Avenue N. Ascent St. Petersburg is a mixed-use development by Greystar Real Estate Partners that was recently completed. The project contains 357 market rate rental units along with a 172-key AC Hotel by Marriott. The AC Hotel opened in March and was followed by the opening of the apartments in April. The 36-story building has 8,200 square feet of ground floor retail space, which will be occupied by OLIVIA, a 5,600-square-foot modern Italian restaurant by James Beardnominee Chef Chris Ponte. The AC Hotel features Cane & Barrel, a Cuban-inspired restaurant and bar located on the rooftop terrace. Continued on next page November/December 2023
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