Massive Projects Changing St Pete's Skyline in 2026

St. Petersburg Real Estate Boom: Record Condo Sale and Major Developments

St. Petersburg, Florida, is seeing an unprecedented surge in real estate activity. Recently, a condo sold for $27 million, marking a Tampa Bay record. But that’s just the beginning — seven massive projects are transforming the city.

Population Growth and City Expansion

Downtown St. Petersburg has experienced 11% population growth in the past five years, accounting for nearly half of all population growth in Pinellas County since 2020. The city is attracting residents for its lifestyle, job opportunities, and vibrant downtown, despite the widespread construction.

Seven Major Residential Projects in St. Petersburg

1. Waldorf Astoria Residences

• Location: 152nd Avenue South
• 50-story luxury tower — tallest in St. Pete when completed
• 163 ultra-luxury residences (2,000–3,400 sq ft)
• 10,000 sq ft two-story penthouse with private rooftop pool (sold for $27M)
• 73,000 sq ft office space + 10,000 sq ft retail
• Developers: PMG, Freiedman Equities, Hilton
• Construction: 2026–2030; Prices: $2.5M – $27M

2. 400 Central

• Location: Downtown, 400 Central Avenue
• 46-story luxury condo tower with 301 units (1–4 bedrooms)
• 40,000 sq ft Class A office + 60,000 sq ft retail
• 46th-floor sky lounge with panoramic Tampa Bay views
• Starting price: ~$1M; 85%+ sold
• Major tenants: Dynasty Financial Partners, PNC Bank, Vault of Wine

3. Art House

• 42-story luxury condo near I-275
• 90% sold; prices range $1.3M – $7M
• Completion expected early 2026

4. Third & Third Apartments

• 33-story luxury rental tower
• 268 units: studios to two-story penthouses
• 15,000 sq ft retail and restaurant space
• Completion expected late 2026
• Developer: Echelon (St. Pete-based)

5. Skytown

• 34-acre redevelopment in Skyway Marina District
• 2,084 apartments across six phases
• Neighborhood retail: 69,000 sq ft + Sprouts Farmers Market
• Affordable housing: 121 units (up to 120% AMI), 60 units (up to 80% AMI)
• City contribution: $4.5M; Phase 1 completion: late 2026

6. Trinity Point

• Location: North St. Pete, Echelon City Center
• 14-story luxury apartment tower, 363 units
• 17,000 sq ft retail + townhomes + six-floor amenity deck
• Part of 20-acre master plan: 2,300+ units, 150,000 sq ft retail
• Completion: Summer 2026

7. The Henry at Whitney Village

• Location: Grand Central District, 3200 1st Avenue South
• 325 apartments with live-work-play concept
• 32,000 sq ft pedestrian retail village + 600-space parking garage
• Construction: May 2025 – March 2027; Pre-leasing: Dec 2026
• Adjacent YMCA renovation funded by development

What This Growth Means for Buyers and Renters

Even if you’re not buying a multi-million-dollar condo, these projects affect the entire city:

• More restaurants and retail options
• Improved infrastructure and walkability
• Rising property values in surrounding neighborhoods
• Diverse housing options: luxury, market-rate, and affordable units

Median home prices: ~$395,000–$400,000, slightly down 5–8% from last year. Homes are selling in 60–75 days, and buyer activity is increasing.

St. Petersburg is no longer “up-and-coming.” With thousands of new housing units, hundreds of millions in investment, and backing from institutional investors and hotel brands, the city is fully arriving. Whether you’re buying, renting, or just observing, the seven projects show that St. Pete’s future is strong and diversified. Focus on neighborhoods like downtown, Grand Central, Skyway Marina, and North St. Pete to see where growth is happening.