Miami developer planning second St. Petersburg tower

American Land Ventures, buoyed by market response to Aer, intends to develop 22-story apartment building downtown


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  • | 6:00 a.m. February 28, 2020
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COURTESY RENDERING — Miami-based American Land Ventures is planning a 22-story apartment tower at 334 Third Ave. South in downtown St. Petersburg.
COURTESY RENDERING — Miami-based American Land Ventures is planning a 22-story apartment tower at 334 Third Ave. South in downtown St. Petersburg.
  • Commercial Real Estate
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Buoyed by market reaction to its Aer Apartments in downtown St. Petersburg three years ago, a Miami-based development firm intends to build a 22-story apartment tower nearby beginning later this year.

Like Aer, American Land Ventures’ new project at 334 Third Ave. South will focus on the luxury segment of the multifamily rental market — a niche that dovetails with larger demographic trends along the Gulf Coast and throughout the U.S.

 

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