A grassy parcel of land which has stood vacant in the center of Downtown St. Pete for more than a decade could soon see activity with a proposed mixed-use project. Global real estate developer and operator Greystar Real Estate Partners is proposing a 36-story, 357-foot tall development on the northwest corner of 1st Avenue North and 2nd Street North, across from the popular Jannus Block.

The $117 million project, called Ascent St. Petersburg, is designed around a marquee luxury apartment tower which will feature 354 rental units and an adjacent 172-key hotel.

The residential tower fronts 1st Avenue North and sits atop a six-story parking pedestal. Resident amenities include a sixth floor indoor/outdoor amenity deck with a pool and fitness center. The 35th floor of the building will have additional amenity space on an outdoor rooftop deck — likely to be the highest semi-public space in the city.