Big News for St. Pete Beach: A New 133-Unit Luxury Condo Community Is Coming to Corey Avenue

St. Pete Beach is about to get a serious glow-up — and locals, investors, and future homeowners are all buzzing about it. The city just approved a brand-new luxury condo project called Corey Landing, and it’s set to transform the east end of Corey Avenue into a vibrant waterfront destination.

If you love the mix of laid-back beach life and modern coastal living, this is one to watch.

What’s Being Built?

Developer Kolter Urban (the same team behind several high-end Gulf Coast projects) received unanimous city approval to build:

• Two 8-story buildings
• 133 luxury condos
• Spacious two-bedroom and three-bedroom layouts (most around 1,700–2,400 sq ft)
• Large outdoor terraces with gorgeous water views
• 11,000 sq ft of new retail & restaurant space
• A brand-new public park
• Upgrades to the waterfront, including a water-taxi dock, kayak launch, new seawall, and improved sidewalks

It’s a big shift from the earlier plan (by a different developer) that proposed a much denser 243-unit apartment complex with over 17,000 sq ft of retail. The city and community clearly preferred a calmer, more residential vision — and Kolter delivered.

Why Locals Are Actually Excited About This One

Let’s be honest… big development projects don’t always get cheers from the community. But this one did.

Here’s why:

• It focuses on condos, not apartments — meaning long-term owners, not transient renters.
• It adds public amenities instead of taking anything away.
• It scales back the density, traffic, and height compared to previous proposals.
• It brings new restaurants and retail to Corey Avenue — an area that’s been inching toward a lively, walkable waterfront district.

Even the Mayor called out that this version actually earned overwhelming public support, which is rare for a waterfront development in a beach town.

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What This Means for Buyers & Investors

If you’ve had your eye on St. Pete Beach real estate, this project is worth keeping on your radar.

For future condo owners:
You’re looking at brand-new, modern, waterfront living in one of the most desirable beach cities in Florida. Terraces, amenities, views — the whole package.

For investors:
Luxury condos in beach communities tend to hold their value exceptionally well. With limited land, tight zoning, and high demand, there’s a built-in scarcity factor here.

For the market overall:
Corey Landing is likely to elevate prices and interest in the surrounding area. Expect the East Corey corridor to become more walkable, more social, and more attractive to both full-time residents and snowbirds.

What’s Next?

The project is officially approved, but there’s still a bit of a wait before shovels hit the ground. Permits and final planning are up next. Once pricing, reservation details, and floorplans are released, things will move quickly — these units are expected to draw strong early demand.

If you want updates as soon as they go public, or you’re curious how this project might impact your buying or selling decisions in St. Petersburg or the beaches, I’d be happy to keep you in the loop.

Thinking About Buying on St. Pete Beach?

Whether you’re exploring a lifestyle move, an investment property, or you just want to keep up with the newest luxury projects on the Gulf Coast, I’m here to help you navigate it all.

Reach out anytime — happy to talk through your options.

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