400 Central & Edge District: Workforce Housing & High-Rises in St. Pete

St. Petersburg’s Spring 2025 lineup includes:

Alta Roosevelt Workforce Housing (North St. Pete):

A 381-unit multifamily building under Florida’s Live Local Act, with 40% of units reserved for workforce housing earning ≤120% AMI for at least 30 years.
This marks a shift toward affordable multifamily development pushing people back into the city.
Buyer projections: Ideal for professionals, teachers, local families seeking more central rentals.
Seller projections: Adjacent single-family homeowners may benefit from rising neighborhood values—but be cautious, renters can change the dynamic.

400 Central Condo Tower (Downtown):

A 46‑story, 515 ft tall residential high-rise topped out late 2024; expected completion in 2025.
Buyer projections: Luxury condo seekers and investors are eyeing units with sweeping views and modern design.
Seller projections: Current condo owners in downtown high-rises may see value increases as supply grows but demand rises too.

Urban expansion is underway with both luxury and workforce housing hitting the skyline.

Want a tour of these developments? I’d be happy to walk you through floor plans, pricing trends, and strategy whether you’re buying or selling in St. Pete.