Place
Developer submits 619-unit Skyway Marina proposal
The 17.25-acre property was formerly home to the St. Petersburg College Allstate Campus.
St. Petersburg’s rapidly evolving Skyway Marina District might be in for another massive redevelopment project.
Kolter Multifamily has submitted a much-anticipated site plan to the city for Alton Skyway, an upscale, garden-style apartment community at 3200 34th St. S. The 17.25-acre property was formerly home to the St. Petersburg College Allstate Campus.
City council members unanimously approved a critical land use change in October that allows the Delray Beach-based developer to build 776 housing units. However, if approved by the Development Review Commission in February, Alton Skyway would feature eight five-story buildings with 619 apartments.
Kolter will complete the project in two phases, each with four buildings, with the first featuring 342 units and 484 parking spaces. The second would add 277 apartments and 399 parking spaces, according to the application.
A letter submitted by attorney Kevin Reali of Stearns Weaver Miller states that Kolter will seek separate approval for up to 5,000 square feet of retail space on a one-acre parcel at the southwest corner of the property.
The application also notes that the Skyway Marina District is home to multiple commercial plazas anchored by big-box stores. Kolter believes the project will help correct a “current imbalance” by “expanding the area’s residential population that local retail depends upon.”
“Increasing population and buying power, the primary objective of the Skyway Marina District Plan, is advanced directly by this project,” states the application.
Public safety training facilities owned by St. Petersburg College (SPC) will remain to the east of Alton Skyway. Kolter will prioritize greenspace, preserving mature trees and “facade articulation” as it redevelops the property.
One-, two-, and three-bedroom apartments would range in size from 618 to 1,322 square feet. All units would feature balconies.
Highlighted amenities include two swimming pools and a dog park. The site plan shows a large stormwater pond at the center of the complex.
A site plan for the project at 3200 34th St. S.
Kolter proposed vehicular access from 32nd Avenue, 32nd Street and 36th Avenue South. The firm plans to create eight pedestrian entrance and exit points along 34th Street (U.S. 19) “to encourage alternate modes of transport to and from the site with safe and efficient connections.”
In addition to exceeding minimum vehicular parking requirements, Alton Skyway will feature 635 bicycle spaces. The project also includes five long-term bike storage buildings.
Kolter’s application does not list an estimated project cost or construction timeline. The maximum proposed building height is 72 feet.
Allstate Insurance Company donated the property to what was then St. Petersburg Junior College in 1989. SPC hired Dallas-based CBRE, a global real estate services and investment firm, to facilitate the land sale in February 2024.
Kolter has been under contract to purchase the site since December 2024, but needed a comprehensive plan amendment to build a mixed-use development. Council members approved the change from Institutional to Planned Redevelopment – Commercial, without much discussion.
“It’s all about the future of economic development, and I think that’s what this does,” Councilmember Corey Givens Jr. said in October. “It opens the door for future jobs; future economic development that will help small business owners.”
Kolter will reportedly pay $26 million for the property once the deal closes following the approval process. Alton Skyway will sit directly across the street from the $800 million Sky Town Apartments project.
The multi-phased redevelopment of the former Ceridian Campus is under construction. Sky Town will eventually boast 2,084 apartments, 69,000 square feet of retail space anchored by a Sprouts Farmers Market and a 120,000-square-foot self-storage facility.
Volante Senior Living of St. Petersburg and the Sur Club apartment complex border the Alton Skyway site to its north and south, respectively. Additional recently completed residential projects in the area include The Addison Skyway Marina, Marina Walk and the Marina Club.
Skyway Lofts II, an affordable housing development in the district, broke ground in March 2024. Construction should commence on Convivial St. Pete, a 170-unit retirement community, in 2026.
“While there has been notable residential development in the Skyway Marina District Activity Center, there is still strong demand for residential uses,” states the Alton Skyway application. “The new density proposed by the project promotes the activity center’s goals to make best use of the district’s public resources.”
The Kolter Group, which includes Kolter Urban and Multifamily, has completed multiple condominium towers in downtown St. Petersburg. Those include Art House, Saltaire and ONE St. Petersburg.
A rendering of the view from 36th Avenue South.
Nancy Leggett
January 8, 2026at10:24 am
With over 2600 apt units to be built right across the street from each other, has the sewage infrastructure been considered? There have been at least six new apartment complexes built south of 26th Ave. S. since 2020. Are there even enough people to rent these places? As a 21 year resident here, I do not think of this project as a positive but as population explosion in the Maximo Skyway District. Ugh !!!!
Caron Schwartz
December 30, 2025at10:31 am
Volante Senior Living is long gone. It suddenly closed, leaving hundreds of elderly people, including many memory care residents, little time to find alternative housing. I’m glad I got my mother out of there before it became an emergency.
Lauren Lopez
December 29, 2025at8:23 pm
This will never stop. As a 4th generation Floridian, I am glad my home (just minutes from this location) has sold and I can get out of Florida before the total over development and destruction is complete. Shame on the city Council and the Mayor. Some of the “already completed” apartments on this stretch of 34th St S are at “maybe” 40-50% occupancy. What are you continuing to build for???? MONEY, baby. Greed. I’ll take the State of Florida flag with me as I leave.