St. Petersburg’s Development Review Commission approved a massive mixed-use development planned for Skyway Village on Wednesday night. The mixed-use project was proposed earlier this year for a long-underutilized office park that previously housed Ceridian, a Minneapolis-based company that provides human resources software and services.
Also Read: LCOR secures $94M for all-electric residential tower in New Rochelle, NY
The 34.3-acre development is a phased, master-planned project that will include demolishing most of the existing 380,000 square foot office park at 3102 34th Street South and constructing a series of new mid-rise buildings that include a mix of apartments and walkable community retail, most notably a Sprouts Farmers Market.
Who is constructing Skyway Village
The developer behind Skyway Village is Altis Cardinal Skyline 2, LLC, an entity controlled by Coral Gables-based Altis Cardinal, and will include 2,084 apartments, 80,920 square feet of retail space, 22,500 square feet of office space, and 119,160 square feet of accessory self-storage space, and 4,000 parking spaces.
The developers hope to recreate an urban grid with the addition of two avenues and two streets which will form the basis for seven city blocks that range between 3.5 to 5 acres each. The new grid will include on-street parking and several retail spaces in the buildings fronting 34th Street.
Developer Frank Guerra, Founder of Altis Cardinal, said they commissioned a study to look at the demand for retail in the area. The study concluded the market area could accommodate 50,000 square feet of retail space and Skyway Village contains more than 80,000 square feet, including 59,320 square feet of interior retail space and 21,600 square feet of outdoor retail space.
After deliberation, the commission requested the developer add additional retail space to two additional buildings in the project (Site G and Site D) along the interior avenues to give the project more of a traditional urban feel. Furthermore, the development includes green space that the Skyway Marina District will utilize for events and the new street grid will include on-street parking.
The development is among the largest residential projects currently in development for St. Petersburg.
