A new 21-story, mixed-use tower is proposed for 685 and 699 1st Ave. North and 694 Arlington Ave. North near Mirror Lake.
The SPGRP II LLC entity linked to real estate investment company Gravel Road Partners, which is listed as the owner, has submitted plans to build the tower that would feature 200 residential units, 10,843 square feet of commercial space and a 264-space parking garage.
The St. Petersburg City Council, meeting as the Community Redevelopment Agency (CRA), is scheduled to review the plans Feb. 2 to determine if it is consistent with the Intown Redevelopment Plan.
The 0.57-acre site is currently developed with two one-story office buildings, a two-story triplex and a surface parking lot, which would be demolished for the $63.5 million project.
The ground floor of the proposed 21-story building would face the west side of the property, leaving a large outdoor space at the northeast corner. The ground floor would consist of a residential lobby, commercial space and a parking garage entrance. Floors two through seven would house the parking. The eighth floor would consist of amenity space and residential units with the remaining levels of the tower consisting of residential units, according to the application.
The developer noted the “outdoor space will help provide additional separation between the proposed building and the existing Unitarian Universalist Church that is located on the north side of Arlington Avenue North.”
The commercial space would be accessible from 1st Avenue North and the parking garage would be accessed from 7th Street North.
The proposed development is located within the “Residential” area of the IRP.
Site improvements would include a 10-foot-wide sidewalk, landscaping, a large uncovered and covered open space, a mid-block pedestrian connection, bicycle parking and a new drainage system, according to the documents.
The renderings and site plans show the developer is working with Hollywood, Florida-based O’Donnell Dannwolf and Partners (ODP) Architects Inc.
The developer would contribute $1.27 million to the Housing and Capital Improvement Trust Fund for workforce housing as a result of seeking a 4.0 FAR (floor area ratio) density bonus, totaling a FAR of 7.0.
The site is near the Reflection, an 18-story condo tower under construction at 300 8th St. North.
The review of the proposed tower comes after the St. Petersburg Development Review Commission rejected a nearby planned project – Skyward Living’s 18-story condo building – which was going to be constructed on Mirror Lake Drive.