News Summary
St. Petersburg is set to launch the Waterways Apartments and Marina, a transformative waterfront development featuring 470 rental units, stunning views, and a marina. This project, led by Key International, spans 39 acres and will include contemporary apartments, townhomes, and numerous recreational amenities. With a focus on sustainable living and coastal safety, the Waterways project aims to enhance the lifestyle of North St. Petersburg residents.
Exciting New Waterfront Living Coming to St. Petersburg, Florida!
St. Petersburg is set to unveil a stunning new development, as construction officially kicks off on the Waterways Apartments and Marina. This ambitious project sprawls across a lush 39 acres along the picturesque shores of Gandy Boulevard.
A New Community Takes Shape
Led by the dynamic Miami-based team at Key International, the Waterways project promises to be a game-changer for North St. Petersburg. The development will house a total of 470 rental units, with a thoughtful mix of 324 contemporary apartments and 53 stylish townhomes. Imagine living along the water, with stunning views and access to endless recreational possibilities!
Waterfront Features to Fall in Love With
What sets the Waterways Apartments apart is undoubtedly its breathtaking location. Boasting an impressive 3,000 feet of water frontage, future residents will have all the water activities they could desire at their fingertips. A highlight of the project includes a planned 8,000-square-foot waterfront restaurant, perfect for dining with a view. For those who love boating, the marina is designed to accommodate 130 wet slips and 20 dry stack slips. There will even be a bait shop on site for anglers looking to catch their dinner!
Visitors and residents will also enjoy a public boardwalk, allowing easy access to the beautiful waters while strolling or biking along the shore.
Amenities for Every Lifestyle
The Waterways development is not just about living by the water; it’s about a lifestyle filled with amenities. Residents will find themselves relaxing at two resort-style pools amidst serene landscaping. The clubhouse will be the perfect spot for gatherings and events. For the sporty types, there will be pickleball and basketball courts, as well as a dedicated volleyball court for some fun in the sun. Families will appreciate a playground for the kids and a recreational field for picnics or casual games.
Fitness enthusiasts will be thrilled with the exercise paths and a convenient kayak launch, making water sports easily accessible for everyone.
Smart Design and Construction
The Waterways Apartments were originally envisioned as Snug Harbor, and since 2009, the site has seen a series of redevelopment proposals, including a potential stadium for the Tampa Bay Rays. Eventually, Key International took the initiative, acquiring the land in 2022 for $19 million and refining the plans for a more efficient, attractive living space. With the state’s Graywater Statute, which encourages the use of water reuse technology, the project is able to incorporate more units, setting the bar high for sustainable living.
In terms of safety, reinforced seawalls and all-concrete construction are essential components of the design to address coastal high-hazard risks. So, residents can feel secure while enjoying their stunning new homes!
A Glimpse Into the Future
The design plan includes six four-story apartment buildings and nine blocks of two-story townhomes. Townhome residents will benefit from two-car garages, while those living in the apartments will have one-car garages. The vertical construction is set to commence in May, with pre-leasing expected to begin in late 2026.
A team of skilled professionals including MSA Architects, Central Site Development, and Strategic Group is steering this ship forward, ensuring that the Waterways Apartments and Marina will come to life beautifully.
In Summary
St. Petersburg is about to transform into a vibrant waterfront haven with the introduction of the Waterways Apartments and Marina. With its charming design, fantastic amenities, and breathtaking waterfront views, it looks like residents are in for something truly special. So, keep an eye on this fantastic project—you won’t want to miss it!
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Additional Resources
- St. Peterising: Construction Begins on Waterways Apartments and Marina
- Connect CRE: Key International Starts Work on St. Pete Marina Apartment Project
- St. Pete Catalyst: Developer Requests $14.8 Million for Raytheon Site Project
- Multi-Family Dive: Florida Apartment Value-Add Investment Strategy Excels
- CoStar: Snug Harbor’s Acquisition Caps Turnaround for Prime Waterfront Development Site
- Wikipedia: St. Petersburg, Florida
- Google Search: Waterways Apartments and Marina St. Petersburg
- Google Scholar: St. Petersburg waterfront development
- Encyclopedia Britannica: St. Petersburg, Florida
- Google News: Waterways Apartments St. Petersburg
