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St. Pete Developer Seeks Zoning for 371-Unit Rental Community
Paradise Ventures hopes the city of St. Petersburg will approve a rezoning request to tear down two office buildings and build 371 apartment units with some ground-floor retail space. The 3.24-acre project is slated to be built at 4115 W. Spruce St. and 4107 W. Spruce. The office building at 4115 W. Spruce St. is home to Five Labs, a conference and educational space for the healthcare industry. The Five Labs location is 16,000 square feet.
Plans indicate an amenity area and a pool. The three-story building will include a 500-space parking garage. Kimley-Horn is the engineer; CBA Architects is the architect.
The Tampa Business Journal reports Paradise paid $5.25 million for 4115 W. Spruce St. in 2020 and $6.196 million for 4107 W. Spruce in 2023.
- ◦Development
