A new 21-story, mixed-use tower is proposed for 685 and 699 1st Ave. North and 694 Arlington Ave. North near Mirror Lake.
The SPGRP II LLC entity linked to real estate investment company Gravel Road Partners, which is listed as the owner, has submitted plans to build the tower that would feature 200 residential units, 10,843 square feet of commercial space, and a 264-space parking garage.
The St. Petersburg City Council, meeting as the Community Redevelopment Agency (CRA), is scheduled to review the plans Feb. 2 to determine if it is consistent with the Intown Redevelopment Plan.
The 0.57-acre site is currently developed with two one-story office buildings, a two-story triplex, and a surface parking lot, which would be demolished for the $63.5 million project.
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