For most of the last decade, the bay end of Corey Avenue has been one of the most talked-about pieces of land in St. Pete Beach. It has now been approved as Water Club St. Pete Beach, a 129-residence condominium community by Kolter Urban (133 at the October 2025 approval). Here is how the site got from there to here.
What was here
The roughly four-acre site at the east end of Corey Avenue was home to Leverock’s restaurant, the Bay Winds motel, and the Bay View Heights Apartments, next to the Blue Parrot. The corner lot at 75 Corey Avenue was Charlie’s Transmissions. Anyone who has lived on the beaches for a while has a story about at least one of them.
The first plan: Corey Landing apartments
In 2021 and early 2022, Ram Realty Advisors proposed Corey Landing, a $90 million project with 243 apartments in a seven-story building, ground-floor retail and restaurant space, public docks, and a linear public park along the water. The city approved it in 2022.
It never broke ground. As construction costs rose past $100 million, Ram Realty exited the partnership in June 2023, and the property went back on the market.
Kolter steps in
Kolter Urban, the developer behind ONE St. Petersburg, Saltaire, and Art House downtown, bought the main parcel in late 2024 for $9.85 million, then added 75 Corey Avenue for $3.5 million and 85 Corey Circle for $1.75 million. That brought the site to about 4.49 acres.
Kolter’s first plan, shown at a community meeting in February 2025, called for 162 condominiums in four eight-story buildings, cutting density from 63 to 34 units per acre compared with the apartment plan.
Scaled back and approved
After community and commission feedback, the plan came down to 133 residences in two eight-story buildings (since reduced to 129). In October 2025 the commission asked for more public benefits, and Kolter doubled the public boat slips from four to eight and agreed to a one-time $150,000 payment to the city. The St. Pete Beach City Commission approved the plan on October 28, 2025.
The approved project includes a rooftop pool, pickleball courts, 31 private slips for residents, eight public slips, a kayak launch, a public water taxi dock, a new waterfront park with a shaded pavilion, seawall repairs, and an 11,000 square foot building for shops and restaurants.
Water Club St. Pete Beach
In September 2026 the project was rebranded as Water Club St. Pete Beach, joining Kolter’s Water Club communities on Snell Isle, Longboat Key, and in North Palm Beach. Pricing, floor plans, and a construction start date have not been announced.
We keep a running guide to the project, with the full timeline, specs, and updates as Kolter releases them: Water Club St. Pete Beach: everything we know.
Sources: St Pete Catalyst, St Pete Rising, Tampa Bay Business & Wealth, and Kolter Urban releases, 2022 to 2026.
