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New 24-story residential tower to break ground in downtown St. Petersburg

The tower will rise across from Publix atop the former home of the American Stage Theater Company.
This rendering shows 334, a new residential tower scheduled for construction at 334 Second Ave. S in St. Petersburg.
This rendering shows 334, a new residential tower scheduled for construction at 334 Second Ave. S in St. Petersburg. [ Coastal Construction ]
Published Mar. 1
Updated Mar. 1

Downtown St. Petersburg is about to get another high-rise.

Developers plan to break ground this month on a 24-story, 220-residential tower at 334 Second St. S. Dubbed 334, the building will reach a height of 250 feet, making it one of the city’s tallest buildings. Construction is expected to end in 2022.

The tower will sit west across Third Street S from a Publix on a block that once housed the American Stage Theatre Company and, later, Onyx nightclub.

Leading the project is Miami’s American Land Ventures, which paid $5.8 million for the site in 2018. Previously, the company built the nearby 18-story Camden Pier District apartment building, which in 2018 sold for $128 million — then Tampa Bay’s biggest apartment deal ever. The company is also building a long-delayed tower near the David A. Straz Jr. Center for the Performing Arts in downtown Tampa.

Related: Proposed St. Pete apartment tower designed for well-heeled baby boomers

Building out the project will be Coastal Construction, which recently has done a lot of work on the $3.5 billion Water Street Tampa development, including Tampa Bay’s first JW Marriott and Heron, whose apartments hit the market late last year.

Related: Water Street Tampa's first Heron apartments hit market, and they aren't cheap

Site plans filed with St. Petersburg show space for retail along Fourth Street S and Second Ave. S, as well as the southeast corner of the parcel along Third St. S, across from Publix. The development would have an eighth-floor open-air pool area atop a parking garage.

“This project will be a wonderful addition to St. Petersburg and provide opportunities for even more residents to live, work and play in our vibrant downtown,” St. Petersburg Mayor Rick Kriseman said in a statement. “It’s an ideal location for residents eager to be within walking distance to restaurants and museums — and they also will be able buy groceries, fill prescriptions and attend to other necessities without ever starting their car.’'