Development team files plans for Exchange Hotel site
Updated: Sep 8
New renderings and details have surfaced on plans for an apartment complex that will rise at the site of the Exchange Hotel.
Tampa-based Ally Capital Group has filed a site plan application to redevelop the site of the St. Petersburg hotel at 234 3rd Ave. N. into a 28-story apartment building.
The St. Petersburg Development Review Commission will review the application for the $120 million project during the July 12 board meeting.
Ally Capital is requesting a 7.0-floor area ratio (FAR) and a building height of 330 feet.
Ally Capital is working with local design firm Behar and Peteranecz Architecture.
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