The SPCA veterinary center opened up a new campus. Since Atlis invested in the Kenwood neighborhood, there have been other expansions as well. Now, police office reports show just 35 calls for crime over the past two years.Ĭity leaders tell ABC Action News crime from the Mosley Motel sometimes spilled into the nearby neighborhood. Petersburg Police officers were being called daily for crime reports at the Mosley Motel and surrounding 34th Street North. The project is a big deal for the Historic Kenwood neighborhood.Ītlis Cardinal took ownership of the property in 2015. Pete's Kenwood neighborhood primed for new investment
Pete city leaders fought for years to get the building demolished. Pete for high crime, drug dealing, prostitution and loitering. The $55-million development project, alongside a Cube Storage Facility, sits on the former site of the Mosley Motel. Crews will start construction later this month on two additional buildings: Steel Lofts (77-78 units) and Wood Flats (48 units). Three of the buildings: Sea Glass Tower (178 units), Sunshine Flats (48 units) and Stone Lofts (78 units) are already complete. Miami real estate firm Altis Cardinal is getting ready to start on the last phase of development for the Elements on Third complex, a 10-acre residential campus with six buildings. In its place are three new luxury apartment buildings, with two more luxury apartments on the way. The crime-ridden Mosley Motel is gone, alongside a long-vacant office park. Petersburg's historic Kenwood neighborhood.
ELEMENTSONTHIRD FULL
The entire campus is enclosed, creating its own internal community with a gym, clubhouse, pool and pet grooming center.ĭevelopers are catering to young professionals, taking full advantage of the location’s proximity to downtown and easy access to transit including the Central Avenue Beach Trolley and future Central Avenue Bus Rapid Transit.ST. The two three-story walk-ups painted yellow are “Sunshine Lofts” and another four-story building, made of renovated steel, is home to “Steel Lofts.” The four-story buildings showcasing wood exterior are appropriately named “Wood Lofts.” The tower is called “Sea Glass,” after its green glass windows.
Once complete, six buildings will house more than 400 residential studio, one and two bedroom units.Įach building is named, loosely, for an element. Two three-story buildings with walk-up apartments are complete, as well as another four-story building with loft-style apartments.Īltis breaks ground on its final phase in April and expects completion by next March.
The 12-story “Sea Glass” building, once iconic for its rhombus shaped window slats, now houses 178 units. Two of the three construction phases for The Elements on Third project are complete. The old Circle K gas station on the corner went through a multi-million renovation and went from a run-down convenient store with old pumps, to a new facility with tougher corporate oversight to push out troublemakers.Īnd the apartments that are already open, nearly 400 of them, are bustling with young professionals eager to enjoy an urban lifestyle. He said since building on the 10-acre plot, surrounding areas have seen a noticeable boom. “Especially people who have been there a long time.” “People thank us all the time,” said Frank Guerra, principal and founder of Altis. They also scooped up the land behind the hotel including a 12-story building that’s filled with modern apartments catering to young singles and couples. Pete City Council and fought the previous owners in the city’s nuisance abatement program worried about the steady flow of drugs and prostitutes.īut Altis came in and purchased loan documents on the troubled property, formerly owned by Michael Shimshoni, and worked its way through foreclosure proceedings to acquire the property. For years, vagrants and drug addicts calling the Mosley home spilled into the neighborhood and caused trouble.
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