Inside The Ascent, a St. Petersburg hotel, apartment tower set to open in 2023

A 36-story skyscraper was completed last week in downtown St. Petersburg.

Developers celebrated construction of the Ascent St. Pete building for reaching its culmination on April 29, according to a statement from Greystar Real Estate Partners, a global management and development firm based in Charleston, South Carolina. At 357 feet tall, the building is expected to be the tallest rental skyscraper in the Tampa Bay area.

Here’s a preview of what it will look like inside.

A rendering of the Ascent St. Pete Hotel entrance and bar. [ Courtesy of Greystar Global ]

Ascent St. Pete will have both apartments and hotel rooms through a partnership with AC by Marriott. More than 170 rooms will be reserved at the Marriott hotel. AC by Marriott is a collaboration with hotelier Antonio Catalan. This is the second AC hotel in the area – the first is the AC Hotel Marriott Tampa Airport near Tampa International Airport at 4020 W Boy Scout Blvd.

The hotel lobby will feature a bar, project rendering show. There will also be a restaurant and bar with an outdoor terrace on the eighth floor, according to Greystar. The ground floor along First Avenue N and Second Street N will include 6,800 square feet of retail and dining space.

Ascent St. Petersburg, a 36-story hotel and apartment tower shown in this rendering, arrives at the intersection of N First Avenue and N Second Street in St. Petersburg.  Ground was broken in December 2020;  the hotel is expected to open early next year.
Ascent St. Petersburg, a 36-story hotel and apartment tower shown in this rendering, arrives at the intersection of N First Avenue and N Second Street in St. Petersburg. Ground was broken in December 2020; the hotel is expected to open early next year. [ Greystar Real Estate Partners ]
A rendering of the outdoor pool on the 36th floor of Ascent St. Pete.  There will also be another swimming pool on the sixth floor.
A rendering of the outdoor pool on the 36th floor of Ascent St. Pete. There will also be another swimming pool on the sixth floor. [ Courtesy of Greystar Global ]

Tampa Bay has one of the hottest rental markets in the country, according to data from real estate firm CoStar. Downtown St. Petersburg saw rents rise 22.2% last year, according to research by CoStar. Yet downtown Tampa Bay is still cheaper than most other major cities. The average cost of downtown apartments ranges between $2,000 and $2,500 per month, compared to cities like New York, Boston, and Austin, where costs exceed $3,000.

There will be 357 apartments available – from studios to one, two and three bedroom apartments, as well as penthouses with their own amenities. The Ascent offers 360 degree views of Tampa Bay and the Gulf of Mexico. Almost all units will have glass balconies, Greystar senior development manager David King said in a statement.

Ascent St. Pete will have two outdoor pools, one on the sixth floor and the other on the top floor, as well as coworking spaces.

A rendering of the lobby of Ascent St. Pete, which will be a mixed-use skyscraper with rentals and hotel rooms on Second Street N and First Avenue N.
A rendering of the lobby of Ascent St. Pete, which will be a mixed-use skyscraper with rentals and hotel rooms on Second Street N and First Avenue N. [ Courtesy of Greystar Global ]
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The Ascent began construction in December 2020 and is expected to open in January 2023, Greystar said. Final construction of the $117 million project could wrap up in May next year.

“Ascent will provide an unparalleled rental housing experience in the Tampa Bay area,” King said in a statement. “Overall, Ascent connects to the vibrant energy of St. Pete and creates an environment where residents can feel like they’re on vacation where they live.”

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