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2022 Development Guide

Curated Development

Change is the only constant—and St. Petersburg is changing quickly. We are going through a historic evolution, and the next few years will shape the future of our urban center in profound ways. This Developer’s Guide—designed for developers, property owners, investors, employers and entrepreneurs—is a snapshot in time that documents our current building boom. It also is designed to help guide future development. We want to preserve and enhance the things that make our community so special. We also want to welcome new development that creates value and supports our community’s vision for inclusion and sustainability. We want to support developers who take the time to get to know Downtown St. Pete and who want their developments to integrate into our community’s fabric, history and future aspirations.

Downtown St. Petersburg after a rain storm

2022 St. Petersburg Accolades

#1
City in the State for Job Seekers
Business Journal
#1
City For Outdoor Enthusiasts to Live & work
SmartAsset
#3
Bike Friendly Businesses
League of American Bicyclists
#10
Best American City to Visit
Condé Nast 2020

Data

Development in Downtown St. Pete is not solely measured by the number of cranes looming over bustling city streets. Though current and planned developments are significant, public and private sector leaders are setting standards for the structures to come—paying homage to the past and setting best practices for St. Petersburg’s future. Our Downtown’s hard and soft infrastructure, including office space, residential housing, the entrepreneurial ecosystem, educated workforce and higher education pipeline continue to draw new businesses. Many relocating businesses hail from traditional tech markets. Relocating companies are finding quality of life and a dedicated workforce at significantly lower costs than larger employment centers.

Announced in 2023

13
New Projects Announced
9
Residential
2
Mixed-Use
2
Hotel

2,600
Residential Units
213,400
Retail and Commercial SQ FT
2,900
Parking Spaces
1,000
Bike Spaces
504
Hotel Rooms
332
Non-Market Rate Units

Under Construction in 2023

2,200
Residential Units
317
Hotel Rooms
45,000
Office Space SQ FT
80,900
Retail Space SQ FT

Planned in 2019

36
New Projects Planned
17
Multifamily Residential
6
Hotel
5
Mixed Use
4
Institutional
2
Transformational
2
Municipal

1,900
Residential Units
822
Hotel Rooms

Under Construction in 2019

1,700
Residential Units

Planned in 2020

56
New Projects Planned
26
Multifamily Residential
7
Hotel
7
Institutional
4
Municipal
4
Mixed-Use
3
Coworking Spaces
3
Food Hall Concept
2
Transformational

1,900
Residential Units
963
Hotel Rooms

Under Construction in 2020

1,700
Residential Units

Announced in 2021

18
New Projects Announced
9
Residential
6
Mixed-Use
2
Coworking
1
Hotel

2,350
Residential Units
214,000
Office Space SQ FT

Under Construction in 2021

714
Residential Units

Announced in 2022

23
New Projects Announced
15
Residential
4
Mixed-Use
2
Hotel
2
Medical

2,900
Residential Units
2,300
Bike Spaces
3,400
Parking Spaces
543
Non-Market Rate Units
61,000
Retail and Commercial SQ FT
192,000
Medical SQ FT
352
Hotel Rooms

Under Construction in 2022

2,300
Residential Units
380
Hotel Rooms
154,000
Office Space SQ FT
133,000
Retail Space SQ FT

Community Voices

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