New cancer center planned for St. Petersburg but construction of condos progresses instead.

ST. PETERSBURG — A significant shift in the city’s development landscape is underway as plans for a proposed Moffitt Cancer Center campus have been replaced with a new residential project. Mayor Ken Welch previously halted the Moffitt initiative, citing a lack of provisions for affordable housing as a key reason for the decision.

Now, the focus has shifted to a site at 800 Second Avenue South, where a proposal is set to be voted on by the City Council. This plan outlines the construction of two 31-story condominium towers, which would house a total of 824 residential units. The development will include residential lobbies, shops, and a parking garage, thereby contributing to the revitalization of the area.

The northern block of the land, located at 800 First Avenue South, remains under city ownership. Mayor Welch has indicated that this parcel may be integrated into a broader vision for the Historic Gas Plant District. This area is particularly significant following the Tampa Bay Rays’ departure from a comprehensive stadium and redevelopment project.

The city previously sold the western portion of the Second Avenue South block to Third Lake Partners, which already possessed the eastern side. This transaction, which occurred in September, amounted to million—a price lower than two previous appraisals that valued the property between million and .4 million. City officials contended that this sale would prove financially beneficial, freeing the city from higher property tax obligations linked to the leased land while redirecting the proceeds toward community development initiatives.

Specifically, the funds from the sale are being allocated to an affordable housing fund and assisting in the construction of 24 subsidized townhomes in a million project along 22nd Street South. However, notable is the fact that the proposed condos at 800 Second Avenue South do not include any units designated for affordable housing. Each condominium will come equipped with a private balcony and residents will have access to a range of amenities, including landscaped grounds, a resort-style pool, fitness facilities, and social lounges.

The development’s parking garage is designed to accommodate 1,550 vehicles, with an additional 35,800 square feet allocated for commercial space. The integration of shops and businesses at the street level aims to create a vibrant urban environment, contributing to the ongoing transformation of St. Petersburg’s downtown area.

This evolving story highlights the complexities involved in urban development and the balancing act local officials must perform in addressing community needs while promoting economic growth. Further updates will provide insights into how these plans unfold.

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