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4th & 4th
Update
01/04/24
New Mixed-Use Tower in Downtown St. Petersburg Takes Step Forward
The mixed-use tower planned by Clearwater-based developer Valor Capital is moving forward. The City of St. Petersburg City Council, acting as the Development Review Agency, found that the project is consistent with the city’s Intown Redevelopment Plan (IRP). The development must now receive approval from the Development Review Agency. The 25-story building, rising to 325 feet, will include 152 residential or hotel units, along with a 130-space parking garage and 4,893 of ground level commercial space. In addition to the commercial space, the lowest floor will include a 4,000 square foot lobby and 4,000 square foot open space plaza. The building will be hotel-condo hybrid, some of the units will be utilized as short-term rentals while others will be occupied by long-term residents. Community amenities would include a pool, fitness center, rooftop bar and pet spa.
