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 reta...