Tampa BayMarket Report
Market Pipeline

New Construction Developments

28 active developments across Pinellas, Hillsborough & Sarasota

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Total Developments

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Total Units

28 results

Pinellas County

9 developments

Downtown St Pete

5 projects

Mirror Lake

1 project

Clearwater Beach

1 project

Madeira Beach

1 project

South St Pete

1 project

Hillsborough County

7 developments

Downtown Tampa

2 projects

Channel District

1 project

Bayshore Blvd

1 project

Westshore

3 projects

Sarasota County

12 developments

The Quay

2 projects

Coming Soon

Tier 1 Luxury
Pre-Sales

1000 Boulevard of the Arts

The Quay

Developer

Kolter Urban

Stories

20

From $1.5M

1-3 · 1,200-3,000+ SF

Units

117

Delivery

H2 2028

Coming Soon

Tier 1 LuxuryHospitality Brand
Under Construction

Ritz-Carlton Residences Sarasota Bay

The Quay

Developer

Kolter Urban

Stories

20

· 3,500-6,000 SF

Units

78

Delivery

Q4 2026

Downtown Sarasota

8 projects

Coming Soon

Tier 1 LuxuryHospitality Brand
Pre-Sales

Waldorf Astoria Residences Sarasota

Downtown Sarasota

Developer

WMG

Stories

18

Units

86

Delivery

~2029

Coming Soon

Tier 1 Luxury
Pre-Sales

Mira Mar Residences

Downtown Sarasota

Developer

Seaward Development

Stories

18

$3.8M - $7M+

Units

70

Delivery

2028

Coming Soon

Tier 2 Luxury
Under Construction

One Park Sarasota

Downtown Sarasota

Developer

PMG

Stories

18

Units

86

Delivery

Q1-Q2 2027

Coming Soon

Tier 1 Luxury
Under Construction

The Edge Sarasota

Downtown Sarasota

Developer

JEBCO Ventures / ORE Development

Stories

10

$3.27M - $3.57M

2-3 · 3,145-3,553 SF

$/SF

$1,040

Units

27

Delivery

Fall 2026

Coming Soon

Tier 2 LuxuryLifestyle Brand
Under Construction

SOTA Residences

Downtown Sarasota

Developer

TBD

Stories

16

From $1.8M

Units

35

Delivery

2026

Coming Soon

Tier 1 Luxury
Under Construction

The Palm 625

Downtown Sarasota

Developer

LV7 Investment Group

Stories

5

From ~$2.5M

2-3 · 2,439-4,451 SF

$/SF

$1,025

Units

12

Delivery

Mid-2026

Coming Soon

Tier 2 Luxury
Reservation

Adagio Sarasota

Downtown Sarasota

Developer

Lutgert Companies / R&P Holdings / Barron Collier

Stories

18

2-5 · 2,000-4,500 SF

Units

172

Delivery

TBD

Coming Soon

Tier 3 Luxury
Reservation

The High Line Sarasota

Downtown Sarasota

Developer

JEBCO Ventures / Omnium Real Estate

Stories

11

High $700K - under $2M

1-3 · ~1,250 SF avg

Units

142

Delivery

Late 2026

Golden Gate Point

2 projects

Coming Soon

Tier 1 Luxury
Under Construction

SIX88 Residences

Golden Gate Point

Developer

Vandyk Properties

Stories

9

$2.48M - $11.88M

· 1,990-6,267 SF

$/SF

$1,896

Units

10

Delivery

June 2026

Coming Soon

Tier 1 Luxury
Delivered

Peninsula Sarasota

Golden Gate Point

Developer

Gault Family Companies

Stories

9

From $3.75M

3 · 2,400-3,000+ SF

$/SF

$1,531

Sold

86.0%

Units

22

Delivery

2025

Shadow Inventory

Not yet announced to market. These projects are in various stages of site acquisition, planning, or feasibility. Join the waitlist to be notified when sales launch.

Pinellas County

5 projects
Four Seasons Private Residences
Shadow Inventory

Four Seasons Private Residences

Beach Drive, Downtown St. Petersburg

Strategic Property Partners

Join Waitlist
Corey Landings
Shadow Inventory

Corey Landings

75 Corey Ave, St. Pete Beach 33706

Kolter Urban

133 units · 2028

Join Waitlist
Lake House
Shadow Inventory

Lake House

200 Mirror Lake Dr N, St. Petersburg 33701

Skyward Living

45 units · 2027

Join Waitlist
Kolter 235 3rd Ave N
Shadow Inventory

Kolter 235 3rd Ave N

235 3rd Ave N, St. Petersburg 33701

Kolter Group

Join Waitlist
SALTAIRE II
Shadow Inventory

SALTAIRE II

333 1st St SE, St. Petersburg 33701

Kolter Group

Join Waitlist
Tampa Bay New Development Pipeline
3,876 Residences in Active Pipeline

35 developments tracked across Pinellas, Hillsborough & Sarasota counties

Market Data

What’s Actually Happening

No spin. No “luxury lifestyle” filler. Just sourced data from Stellar MLS and developer disclosures.

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AGI Wealth Inflow

Florida gained $20.65 billion in net adjusted gross income from domestic migration in 2023 — #1 in the nation. Tampa Bay's three counties (Pinellas, Hillsborough, Sarasota) rank among the top 10 Florida counties for AGI inflows. Source: IRS SOI Tax Data.

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Corporate HQ Migration

Tampa ranked in the national Top 5 for corporate HQ relocations (Site Selection Magazine, 2026). ARK Invest relocated from NYC to St. Pete (1,265 jobs, $28M impact). Mosaic (Fortune 307) moved from MN. 29 companies expanded or relocated in 2025 adding 2,280 jobs.

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Infrastructure Investment

Gas Plant District redevelopment ($6.8-$8B), Water Street Tampa ($3B), Howard Frankland Bridge ($973M, 50% capacity increase), $1.44B in St. Pete building permits, eVTOL air taxi infrastructure at Albert Whitted Airport (FAA ops summer 2026).

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Population Growth

Tampa Bay MSA now 3.4M+ people, up 7% in 5 years. 53,836 new residents in 2023-2024 alone. Projecting 397,000-547,000 new residents through 2030. #8 nationally for attracting high-earning college-educated workers (Lightcast).

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Tourism Revenue

28 million visitors to Hillsborough County generating $9.4B economic impact (2024). Hotel occupancy 80.3% — #1 among competitor cities. $1.2B in taxable hotel revenue. 540+ events generating 580K room nights. Grand Prix: $60M+ impact, 200K fans.

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Insurance Advantage

New construction condos (Cat 4/5 rated, post-FBC 2002) qualify for 40%+ wind mitigation discounts vs older stock. FL insurance rate hikes dropped from 21% (2023) to 0.2% (2025). 17 new carriers entered the market. Homes with mitigation sell 3-5% higher.

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Branded Residences

Waldorf Astoria, Roche Bobois, Viceroy, Ritz-Carlton, Pendry, EDITION, Hotel ORA — 7 branded residence projects across Tampa Bay. More than Miami had in 2019. Institutional hospitality capital has permanently reclassified Tampa Bay.

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Cultural Capital

5 Michelin-starred restaurants + 4 Bib Gourmands. James Beard finalist (Rocca). Dalí Museum $65M expansion (2028). Forbes #3 Most Educated City. #1 Best City for Foodies. Conde Nast Traveler Readers' Choice. Arts district attracts permanent wealth.

Market Trends Snapshot

Stellar MLS + Developer Data · Apr 2026
Pinellas Pipeline Total
1,239
+12.6%Developer disclosures
Art House Resale PSF
$1,010
+15.2% vs developer closeStellar MLS resales — developer contracts at $877 signed 2-3 years ago
400 Central Closing PSF
$950
Developer closing waveStellar MLS — contracts signed 2022-2023 now closing
Developer Ask PSF
$1,503
$175M+ securedStellar MLS — active developer listings
Pinellas Absorption
~16/mo
Pinellas pipeline avgProprietary broker research
Ritz-Carlton II Market PSF
$925
65% sold, 19 activeStellar MLS
Pendry Developer Ask PSF
$1,329
Under constructionMLS developer listings
EDITION Resale PSF (Historical)
$1,563
+51% vs developer closeSold out 2022 — resale benchmark only
ONE Tampa Sales Velocity
$200M
First 4 monthsDeveloper reported
Branded Residence Projects
10
Tampa Bay totalDeveloper announcements
Pipeline Developments
31
+3 new projectsTracked developments
Pipeline Units
3,596
3 countiesDeveloper disclosures

Tampa Bay Pipeline — Live Data

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Developments Tracked
3 counties
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Units in Active Pipeline
Excluding shadow inventory
$0
Avg Market $/SF
All priced buildings
0%
Branded Residences
1,577 branded units
Computed from 35 tracked developments · Stellar MLS + developer disclosures