Demolition of former UPC headquarters clears way for two 31-story towers in downtown St. Pete

Constructing crews salvage carried out demolition of the former UPC Insurance coverage headquarters in downtown St. Pete, clearing the three-acre space for 2 31-account condo towers with 824 residences and more than 30,000 square feet of retail location.

The 40,000-square-foot location of industrial building at 800 2nd Avenue South most fair no longer too long in the past served as a brief location of industrial for the Tampa Bay Rays after Storm Milton damaged Tropicana Field.

UPC Insurance coverage, which as soon as occupied the building as its company headquarters, change into positioned into liquidation in 2023.

St. Pete-basically based fully Echelon, in partnership with Third Lake Partners, will fabricate the $225 million venture, which is able to span more than 1.7 million square feet.

Whereas shorter than the 46-account Residences at 400 Central, the 2-tower construction will hold more total floor contrivance. At 343 feet, the towers will grow to be the tallest buildings west of 5th Street and mistaken amongst downtown St. Pete’s 15 tallest constructions.

In 2021, the space change into phase of a greater proposal that can maybe well salvage included a 75,000-square-foot Moffitt Cancer Center, a 30-account condo tower, a 14-account hotel, and a future construction pad for UPC Insurance coverage’s expansion.

Mayor Ken Welch rejected that proposal in 2022, citing a lack of inner your means housing.

Third Lake Partners obtained the jap portion of the property from UPC Insurance coverage in November 2022 for $10.5 million and purchased the western portion from the City of St. Petersburg in January 2025 for $10 million.

City Council, acting because the Neighborhood Redevelopment Company, unanimously current the new venture in Could well maybe also 2025.

Designed by ARC3 Architecture, the venture’s amenity deck will sit down between the towers and consist of two swimming pools, cabanas, well being amenities, social lounges, and out of doors sports and gaming courts.

A seven-account parking podium will provide 1,550 parking spaces and 828 bicycle spaces.

The L-shaped towers will upward push from the eighth thru the thirty first flooring. Residences will differ from studios to a pair of-bedroom items.

Extra than 400 residences will measure below 750 square feet, whereas penthouses will beget the uppermost phases. Each unit will consist of a non-public balcony.

The predominant tower is anticipated to be carried out in spring 2029, with the second expected to follow in 2031.

Echelon and Third Lake Partners are also working collectively on the 33-account 3rd & 3rd condo tower at 235 3rd Street South in downtown St. Pete.

Echelon is also leading the 20.5-acre Echelon City Center venture in north St. Pete’s Carillon Build of job Park, whereas the 2 groups fair no longer too long in the past obtained Tampa’s WestShore Plaza for redevelopment.