Developers buy land near Tropicana Field for $115 million luxury tower

A pair of Miami developers have bought a 0.77-acre parcel in downtown St. Petersburg near Tropicana Field and plan to build a $115 million luxury apartment tower on the property.

LD&D and Black Salmon paid $9.05 million for the property at 155 17th St. S. The companies’ plan calls for a 23-story, 251-unit tower that will include 10,000 square feet of amenity and coworking space and 5,000 square feet of ground-floor retail.

Construction is expected to begin later this year.