Apartment Construction Boom Spreads Throughout St. Pete – St. Pete Rising

Located less than 100 yards north of Grove Isle is the Waterview, the tallest multifamily building under construction outside of Downtown St. Pete. The Waterview broke ground in late August and is expected to be 15-stories with 226 units. It is being developed by Echelon and Third Lake Capital, which owns the 200 Central Avenue office tower in Downtown St. Pete.

The apartments will be market rate and will sit on top of a structured garage base which features 13,400 square feet of ground floor retail. On top of the garage pedestal will be a resident pool and lounging areas. As the name suggests, units will have partial water views of Tampa Bay from the upper floors. Waterview is under construction and will likely open sometime in late 2021.

Satori is another apartment complex under construction in the Gateway area, although its located just over the St. Petersburg city limits in Pinellas Park. Located at 3110 Grand Avenue, Satori is being developed by Davis Development and will features 270 units across four story buildings in a traditional garden-style design. Satori broke ground earlier this year and is expected to wrap up in 2020.

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Apartment Construction Boom Spreads Throughout St. Pete - St. Pete Rising