Plans to be submitted for $120 million St. Petersburg tower

Reza Yazdani, the developer behind the 67-acre Marina Bay gated community along the Pinellas Bayway, will submit plans with St. Petersburg’s Development Review Commission this month for a 12-story luxury condominium tower. 

The $120 million project will include 96 residences with water views and two stories of parking.

According to a statement announcing the project, the building will have concierge and valet services as well as an outdoor rooftop area with views of Boca Ciega Bay and the Gulf beaches. Plans call for it to be bordered by fountains and up lighting and a new pond will connect it to 15 acres of lakes in the community. 

Keeping with the connection to the community, the 250-space garage will include 100 spaces for Marina Bay residents to use during hurricanes and by a separately owned assisted living facility and nursing home next door. 

The statement says once the city approves the plans for Marina Bay Residence, as it will be called, the groundbreaking will take place in the spring of 2026 with construction completed in spring 2028.