On Thursday, the St. Petersburg City Council, meeting as the CRA, has greenlighted two large projects for the city – the mixed-use Orange Station development and The Kolter Group’s 41-story tower.
The CRA review process is one of the steps needed for projects to proceed as it follows the approval of the Development Review Commission.
The Orange Station development is currently under construction at the site of the old St. Pete Police HQ.
The development entails creating five buildings that will include a total of 103 residential units with workforce housing units, up to 106,000 square feet of office space, 21,400 square feet of commercial space and a 600-space parking garage for public and private use.
The first and tallest structure will be a 16-story building on the southwest corner and will include over 50,000 square feet of Class A office space and 61 residential units.
The development team for the project is being led by Edge Central Development Partners, a joint venture group involving St. Petersburg-based J Square, Tampa-based DDA Development and Backstreets Capital.
Tim Clemmons with Place Architecture is also involved.
The plans for the project have evolved since its inception. Originally, the group planned for a 100,00-square-foot office building on an adjacent pad of land, but the group pivoted to incorporate a smaller footprint of office space in the development, and still keep the option open to develop the adjacent site.
Currently, in Phase 1, there will be 56,000 square feet of office space over four floors, which breaks down to 13,000 square feet per floor.
“The original proposal was for a minimum of 100,000 square feet of office space [with the development of the adjacent pad]. As it is designed right now, it is 106,000 square feet of office space … in the renegotiations of the development agreement, we did seek some flexibility for Phase 2,” Clemmons said during the meeting.
He said the pad of land by Orange Station will be slated for a “jobs-based development” meaning, the space could be used for a boutique hotel or the previously planned office space.
“The trade back for that [change in office flexibility], is the city asked us to increase the workforce housing using from 30 to 42 units,” he said, which the development group accepted that change.
The Orange Station development is on track to be completed in late 2023.
Kolter’s 41-story tower on Central Avenue
The second project approved is The Kolter Group’s planned41-story residential tower at 200 Central Avenue.
The project, dubbed the Art House, will be a $120 million development with 250 residential units and 6,100 square feet of commercial space.
The residential units will be located on floors 10 through 41.
Pedestrian access to the residential lobby will be from 1st Avenue South and 3rd Street. Pedestrian access to the commercial space will be from Central Avenue and 3rd Street South.
There will also be 482 parking spaces.
Based on the $120 million construction estimate, this will equate to a $600,000 contribution to the Housing Capital Improvements Projects (HCIP) trust fund.
The Kolter Group is working with San Francisco-based SB Architects, which designed Kolter’s 41-story ONE St. Petersburg tower, the Saltaire waterfront condo development and the 18-story Ritz-Carlton Residences.
The group closed on the 0.4-acre parking lot site two weeks ago in a $20.45 million deal with Third Lake Capital.
Construction for the Art House is expected to start in the fourth quarter of next year.