Fencing has gone up and demolition crews are clearing the block at 11th Street South and 1st Avenue South in St. Petersburg, marking the start of sitework for EDGE Collective II — a 20-story tower that will become the tallest building yet in the city's EDGE District. The project, which will bring roughly 330 apartments to the corridor, is being built where the shuttered Dr. BBQ restaurant and other commercial buildings once stood.
According to Florida YIMBY, developer PTM Partners first announced the second phase of EDGE Collective back in 2023, and Balfour Beatty has signed on as general contractor with plans to complete construction by late 2028 — a build-out expected to take about two years once it fully ramps up. As reported by St. Pete Rising, production pile installation is scheduled for September or October, once Duke Energy finishes relocating utility lines beneath the site. The former Pin on Cafe, which previously occupied part of the block, has since relocated to 2458 Central Avenue and reopened as Pin on Grand to make way for the clearing work.
What's Planned for the Tower
Once complete, EDGE Collective II will offer residents a seventh-floor amenity deck featuring a resort-style swimming pool, a fitness center, and a spa, per Florida YIMBY's reporting. The building will also include a media room and co-working space for residents, along with 17,000 to 18,000 square feet of retail space expected to draw a mix of national and local businesses. The ground floor is designed as a series of corridors and colonnades meant to evoke a high-end outdoor marketplace.
St. Petersburg-based Storyn Studio for Architecture, co-founded by Everald Colas and José Miranda, is the architect behind the design — the same firm that led Phase I of the EDGE Collective campus, according to aspire design and home. The firm's outdoor colonnades and pedestrian paseos are intended to connect Central Avenue to 1st Avenue South, reinforcing the site's role as what Florida YIMBY describes as the best remaining developable site in downtown St. Petersburg along Central Avenue.
Building on a Completed First Phase
Phase I of EDGE Collective wrapped up in 2024 with the Moxy hotel and a renovated three-story building anchoring the block. The 163-room Moxy St. Pete, a joint venture between PTM Partners and DoveHill Capital Management, opened that August as downtown St. Petersburg's first lifestyle hotel, managed by Wurzak Hotel Group, according to a PR Newswire release announcing the opening. The hotel introduced the EDGE District's first rooftop pool deck alongside Bar Moxy and Rose's Coffee Bar.
That same renovated 1926 warehouse building became home to digital marketing agency WebFX, which launched a seven-figure office build-out there this past May, as Hoodline previously reported. PTM Partners later sold three completed retail buildings on the block — including space leased to Sweetgreen — to Dallas-based investment firm 90Ten for $10 million in December 2025, a deal in which CBRE represented PTM Partners while the developer retained ownership of the Phase II high-rise parcel. PTM originally assembled the 1.7-acre site in October 2019 for $13 million, using Opportunity Zone equity funds to finance the multi-phase project, according to court filings with the U.S. Court of Federal Claims.
City Approvals and the Path Forward
The $98.5 million development plan for EDGE Collective II won unanimous approval from St. Petersburg City Council, acting as the Community Redevelopment Agency, back in January 2024, under the city's Intown West Community Redevelopment Area guidelines, per the Florida Redevelopment Association. More recently, in May, the city approved a transit-oriented overlay along the SunRunner Bus Rapid Transit corridor on Central Avenue, eliminating minimum parking requirements to encourage denser residential construction near the 10-mile line connecting downtown St. Petersburg to St. Pete Beach.
The EDGE Collective site's location also makes it a key link between Central Avenue and the adjacent 86-acre Historic Gas Plant District, where a $6.5 billion public-private redevelopment centered on a new Tampa Bay Rays stadium was approved in 2024. As the district shifts from its historically low-rise industrial character toward denser, transit-oriented construction, EDGE Collective II's 20 stories will mark the tallest structure built to date in the EDGE District — a visible marker of how far downtown St. Petersburg's westward expansion along Central Avenue has come since PTM Partners first bought in.
