Demolition of the SunTrust Bank building commenced last week to make way for Gallery 3100, St. Petersburg’s newest class “A” multifamily project. Gallery 3100 is located at 31st Street and Central Avenue in Downtown St. Petersburg.
The development is planned to be a four-story building with integrated structured parking, co work, fitness, luxury pool and other amenities. Mosaic Development is the developer and Incore Residential is the property management company. The $27 million project is funded by Synovus Bank. The multifamily units should be completed by April/May 2021.