A mammoth new project could be on its way to downtown St. Petersburg, according to a new report from the Tampa Bay Times.
Earlier in the month, the city’s Development Review Commission approved plans for a $300 million mixed-use project on Central Avenue, which would include a 45-story tower, a 20-story hotel, and parking for 842 vehicles.
The developer, New York-based Red Apple, also included 20,000 square feet of office space and more room for parking than needed, which is designed to address chronic parking shortages already felt throughout downtown St. Petersburg.
Because of its height and proximity to Albert Whitted Airport, the project still needs approval from the FAA, and development rights will still need to be purchased from surrounding buildings.
If built, the entire project would occupy all of the 2.27 aces of the 400 block of Central Avenue.
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