Plans had been revealed for two 44-legend apartment towers on the space of the Hilton St. Petersburg Bayfront, in what will be one of many largest apartment trends ever proposed for downtown St. Pete.
Delray Coastline-based entirely Kolter Urban no longer too lengthy within the past circulated a space concept utility to neighborhood and trade associations outlining a $325 million redevelopment of the hotel property at 333 1st Avenue South.
If constructed as proposed, the towers would withstand 509 toes. Most effective two current or deliberate towers in St. Petersburg will be taller: the 515-foot Residences at 400 Central and the 539-foot Waldorf Astoria Residences deliberate at 150 2nd Avenue South.
The 2 new towers, which had been designed by 10 Construct, would tie for the metropolis’s third-tallest constructions, before the 450-foot Art Residence and ONE St. Petersburg towers and the 408-foot Saltaire.
The proposal requires 325 apartment items, 17,988 sq. toes of enterprise space, and a 519-space parking garage.
Kolter would also plot 207 areas within the adjoining Saltaire garage available to residents, for a total of 726 parking areas.
The mission has been rumored to lift Ritz-Carlton Residences branding, although Kolter has no longer announced an affiliation. Kolter is within the within the intervening time constructing the 20-legend, 78-reveal Ritz-Carlton Residences Sarasota Bay, which is anticipated to be delivered later this year.
The 2 towers would change the present 15-legend Hilton hotel on a 3.01-acre space on the northeast nook of 2nd Avenue South and 4th Avenue South.
Plans show one tower oriented in opposition to 1st Avenue South and the assorted in opposition to the nook of 2nd Avenue South and 4th Avenue South.
The utility lists 1.32 million sq. toes of proposed constructing space, when put next with about 344,000 sq. toes on the present hotel.
Kolter is searching for approval for a 7.0 ground-space ratio, or FAR, a measure of pattern depth in step with a constructing’s total ground space relative to the space.
The utility says car and pedestrian salvage entry to will be equipped from 1st Avenue South, 2nd Avenue South, and 4th Avenue South.
Kolter bought the Hilton Bayfront earlier this year for $96 million, after ending Saltaire on the hotel’s frail car parking lot in 2023. The firm had previously mentioned it supposed to at last redevelop the Seventies-era hotel with a taller residential mission however had no longer released a height, unit count, or make.
The 2-tower mission would add to Kolter’s rising downtown St. Petersburg portfolio. The firm achieved ONE St. Petersburg in 2019, a 41-legend tower with 253 condominiums and a Hyatt Space hotel; Saltaire in 2023, with 192 condominiums; and Art Residence earlier this year, a 42-legend tower with 244 condominiums.
Kolter also has approval for a 21-legend, 62-unit apartment tower on the frail Fit2Run space alongside 2nd Avenue North, throughout from Sundial.
Exterior the metropolis, Kolter is also planning Water Club St. Pete Coastline, a waterfront apartment mission on the jap waste of Corey Avenue. The most fresh plans demand 129 condominiums in two eight-legend constructions, alongside with retail and restaurant space, a public park, a marina, and waterfront salvage entry to.
The new downtown St. Pete mission would bear more residences than any of the metropolis’s achieved apartment towers, including the 301-unit Residences at 400 Central. The 50-legend Waldorf Astoria Residences can bear 163 condominiums, alongside with office and retail space.
No mission title, unit pricing, construction timeline, or hotel closure date has been announced.
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