Kolter Urban is moving forward with Water Club St. Pete, a planned 129-unit waterfront condominium project on Corey Avenue in St. Petersburg. The proposal would extend the developer’s Water Club brand to Pinellas County with a high-end residential building, marina access, retail space and a city park component at the waterfront end of the peninsula corridor.
The project is planned for Boca Ciega Bay near the western end of Corey Avenue, a commercial and residential spine that connects several beachside neighborhoods in south St. Petersburg. If built as described, Water Club St. Pete would add another luxury condominium option to the region’s waterfront pipeline while also introducing a public-facing park and ground-floor commercial uses to the site.
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Kolter has not yet announced pricing for the homes, but similar residences in the Water Club collection begin at around $1 million. The company has not released a sales schedule or a completion timeline, and the project remains in the planning stage.
| Project Detail | Information |
|---|---|
| Project Name | Water Club St. Pete |
| Developer | Kolter Urban |
| Planned Residential Units | 129 condominiums |
| Unit Mix | One-bedroom to four-bedroom residences, plus penthouses |
| Residence Sizes | Approximately 1,800 to 3,800 square feet |
| Location | Waterfront end of Corey Avenue, St. Petersburg, Florida 33706 |
| Architecture | GROH Architecture |
| Interior Design | ID & Design International |
| Anticipated Start | By mid-2027 |
| Notable Amenities | Rooftop pool and deck, fitness studio, gaming lounge, 24-hour concierge, 31-slip marina |
What Kolter is proposing on Corey Avenue
Water Club St. Pete would be the fifth project to carry the Water Club name under Kolter Urban, according to the Florida YIMBY report. The development is planned as a luxury waterfront condominium building with a smaller overall footprint than some of the company’s larger high-rise projects, but with the same emphasis on large-format residences, marina access and resort-style amenities.
The unit mix is expected to range from one-bedroom homes to four-bedroom residences, with penthouses also included in the plan. Residences are designed to span roughly 1,800 to 3,800 square feet, placing the project firmly in the upper-end segment of the St. Petersburg condo market. Interior finishes are expected to include imported European cabinets and chef-inspired kitchens, details that are commonly associated with the luxury preconstruction market but that remain subject to final build-out and sales materials.
Florida YIMBY reported that most of the homes would have 10-foot ceilings, while penthouses would feature 11-foot ceilings. The project’s interior design is being handled by ID & Design International, and GROH Architecture is listed as the architect.
Amenities, marina access and public-facing uses
The amenity package described for Water Club St. Pete includes a rooftop resort-style swimming pool and deck, a multipurpose fitness studio, a gaming lounge and 24-hour concierge service. The project also calls for a 31-slip marina on Boca Ciega Bay, a feature that would be unusual even among waterfront condominium projects and could appeal to buyers seeking direct boating access.
Beyond the residential component, the development plan reportedly includes 12,000 square feet of retail and restaurant space. Kolter is also said to be planning a city park at the end of Corey Avenue as part of the broader project. That public realm element is notable because it suggests the site would not function solely as a private residential enclave, but also as a more active waterfront destination tied to the surrounding street grid.
The inclusion of retail, restaurant and park space could help knit the project into the fabric of Corey Avenue, a corridor that serves both local residents and visitors heading toward the beaches. For now, however, those components remain part of the proposal and have not been described as completed or under construction.
Where Water Club St. Pete fits in the local market
St. Petersburg has seen sustained interest from developers targeting waterfront and near-waterfront residential sites, especially in areas where land is limited and demand for larger condominiums remains strong. Corey Avenue, in particular, has become a focus of redevelopment discussions because of its location near Boca Ciega Bay and its role as a commercial connector in south St. Petersburg.
Water Club St. Pete would add another luxury condo offering to a market where many new projects are marketed around lifestyle features, marina access and larger floor plans rather than unit count alone. The project’s planned size — 129 homes — is substantial enough to matter locally, but still modest compared with bigger downtown towers. That positioning may allow the development to target buyers looking for waterfront living without the scale of a dense urban high-rise.
Kolter Urban has not publicly released pricing for the St. Petersburg project. Florida YIMBY noted that comparable Water Club residences begin around $1 million, but that figure should be understood as a reference point for the brand rather than a confirmed price list for this site. No official deposit structure, sales gallery launch or completion date has been disclosed.
Timeline and next steps
According to the Florida YIMBY report, construction on Water Club St. Pete is anticipated to begin by mid-2027. That timing suggests the project is still in an early development phase, with design and preconstruction planning likely ongoing before any site work begins.
At this stage, the key facts available to the public are the planned unit count, the location, the project team, and the broad mix of amenities and retail uses. More detailed information such as final site plans, permitting milestones, financing, pricing and sales launch timing has not yet been publicly disclosed.
For buyers, brokers and neighborhood observers, the project is worth watching because it combines several elements that tend to define the upper tier of Gulf Coast condominium development: waterfront access, large floor plans, marina services and a limited-availability site. Whether the proposal advances on schedule will depend on the normal sequence of approvals, design work and market conditions between now and the expected start date.
Frequently asked questions
How many units are planned for Water Club St. Pete?
The project is planned for 129 waterfront condominiums, according to Florida YIMBY.
Where is Water Club St. Pete located?
The development is planned for the waterfront end of Corey Avenue in St. Petersburg, Florida 33706, near Boca Ciega Bay in Pinellas County.
Who is developing the project?
Kolter Urban is moving forward with the project, which would be the company’s fifth development under the Water Club banner.
Which firms are handling the design work?
GROH Architecture is listed as the architect, and ID & Design International is serving as the interior designer.
When is construction expected to begin?
Florida YIMBY reported that construction is anticipated to start by mid-2027.
