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1625 First Avenue North

Posted: 1/19/2023
0.73 Acres
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About 1625 First Avenue North

Cushman & Wakefield has been exclusively engaged to arrange the sale of the Owner’s 100 percent fee simple interest in 1625 First Ave North (the "Property"), a fully entitled, 0.73- acre multifamily development site located in St Petersburg, Florida.

The approved site plan consists of a four-story garage podium, with a 15-story, 224-unit residential tower above. The ground floor includes a residential lobby accessed from 1st Street North, a health & fitness center, short-term parking and drop-off area, and support space. The approved garage plan includes storage lockers, and 253 spaces, which includes 11 first-floor spaces.

Situated in Downtown St. Petersburg, one of Florida’s most sought after multifamily investment markets and opportunity zones, the Property will offer residents convenient access to robust institutional employment anchors and all the attractions that make St. Petersburg Florida’s premier lifestyle destination.