Plans to demolish tower, replace it with 16-story boutique hotel win first approval in downtown St. Pete
By Emma Behrmann
Tampa Bay Business Journal
Published: May 15, 2025

A 16-story, boutique hotel slated to replace a St. Petersburg tower battered by Hurricane Milton cleared its first round of city approvals on Thursday.

St. Pete City Council, acting as the Community Redevelopment Agency, unanimously agreed that Gianco Cos.’ proposed plan to construct a 16-story building with 74 hotel rooms and 4,000 square feet of commercial space at 300 Central Ave. is consistent with the city’s redevelopment plan. The project is still subject to site plan approval by the Development Review Commission and final approval by the CRA.

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