Residential building boom going strong in downtown St. Petersburg

Construction cranes will remain a part of the downtown landscape well into next year as one of the biggest residential building booms in this city’s history keeps going strong.

Developers say their bet on St. Petersburg as an ideal spot for urban dwellers is paying off.

Four apartment buildings have begun opening in the past 12 months, representing more than 800 units, and managers report a strong wave of leasing.

But when the dust settles, there will be another 1,200 homes left to fill, including luxury condominiums, chic apartments and townhomes, all slated to go up within a few blocks of the downtown waterfront.

via Residential building boom going strong in downtown St. Petersburg .