ST PETERSBURG, FLA. — Wood Partners will break ground in May on Alta Roosevelt, a 381-unit community on 11.6 acres along Roosevelt Boulevard in St. Petersburg. Under Florida’s Live Local Act, which allows developers to build on land not originally zoned for residential if affordable housing is included, 40 percent of the units will be reserved for renters earning 120 percent or less of area median income. Completion is slated for April 2028.
An existing office building on the site will be demolished, while the office’s parking garage will be retained for future residents. The five-story community will feature a mix of one-, two- and three-bedroom layouts. Amenities include a resort-style pool, grilling stations, garden pavilions, a fitness center and a wellness-focused spa area with a cold plunge and sauna. Residents will also have access to a clubhouse with coworking spaces, a game room, lounges and a golf simulator.