St. Petersburg Approves $4.5 Million Investment for Affordable Housing in 2,084-Unit Sky Town Development

St. Petersburg is making a bold move to address the region’s housing crisis with the approval of a $4.5 million investment to support Sky Town, a major mixed-use development in the Skyway Marina District. The project blends luxury and affordability to create an inclusive new neighborhood in South St. Pete.

Renderings from Developer
Renderings from Developer
Renderings from Developer
Renderings from Developer
Sky Town – Future Visage
Renderings from Developer
Renderings from Developer
an aerial of the ceridian campus prior to demolition of the surrounding structures.
Renderings from Developer
Renderings from Developer

What’s Coming to Sky Town?

Developed by Altis Cardinal, this public-private partnership is set to transform the area with a projected investment exceeding $10 million. Key features include:

2,084 residential units across six five-story buildings
121 affordable housing units in Phase 1
Units reserved for residents earning up to 80% and 120% of Area Median Income (AMI)
Over 80,000 square feet of retail space, including a Sprouts Farmers Market
119,160 square feet of self-storage space
22,500 square feet of office space
4,000 parking spaces

This development aims to do more than add housing — it seeks to create an entirely new, walkable neighborhood with integrated amenities for residents and businesses.

Why This Project Matters

Sky Town is a significant step in addressing housing affordability by offering mixed-income options in a rapidly developing area. Its combination of market-rate and affordable housing promotes diversity and inclusivity, ensuring that residents from various income levels can live, work, and grow within the community.

Moreover, it brings new economic energy to the Skyway Marina District by attracting businesses, creating jobs, and increasing overall foot traffic — all while enhancing the urban landscape of South St. Pete.