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2023 Development Guide

A Study in Contrasts

Downtown St. Pete is changing rapidly. our city is experiencing growing pains and feeling the pressures that come from a fast moving urban center. New residents are moving here in record numbers, but we still have a labor shortage in retail, service and hospitality sectors. We have more people but fewer critical frontline workers. This Development Guide is a snapshot of the current condition in our urban center, so we can prioritize strategies to enhance the things we love about this special place as St. Petersburg continues to rise.

Downtown skyline with construction crane over a lake

2023 St. Petersburg Accolades

#1
Best Run City in Florida
WalletHub
#1
City For Outdoor Enthusiasts to Live & work
SmartAsset
#1
Dog Friendly City in USA
SmartAsset
#2
City's Economic Performance
WalletHub

Data

Downtown St. Pete has experienced significant development activity over the past five years, in particular residential development. This activity is not only making way for population gains, but shifts over time in the demographic makeup of the residents. This includes a rise in educational attainment, share of owners, renter incomes, and a very slight uptick in median age. However development of office, commercial, retail, medical, and cultural spaces are equally important to the evolving culture and placemaking of our Downtown. The following table gives an overview of the developments proposed and under construction as of December 2022.

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

Bob Glaser Headshot
Residential Development - Bob Glaser
Brad Miller Headshot
Movement - Brad Miller
Tonjua Williams Headshot
Workforce Development - Dr. Tonjua Williams
JP DuBuque Headshot
Downtown Workforce - J.P. DuBuque
Latasha Barnes Headshot
Health Services - Latasha Barnes
Tom Frazer Headshot
Marine Sciences - Dr. Tom Frazer
David Fischer Headshot
Leisure & Hospitality - David Fischer
Mack Feldman Headshot
Finance & Professional Services - Mack Feldman
Alison Barlow Headshot
Entrepreneurship - Alison Barlow