A rare opportunity to develop approximately a third of an acre in booming Downtown St. Petersburg. Located adjacent to the recently finished Museum of the American Arts & Crafts Movement and within walking distance to downtown amenities and attractions such as the St. Pete Pier, Mirror Lake, Williams Park, and dozens of restaurants and bars. The property currently serves as a dry pond for a neighboring development and can be built on using subsurface vaulted retention. DC-2 zoning is intended for intense residential development that allows for a mixture of uses that enhance and support the downtown core and surrounding neighborhoods. Uses such as townhomes, condos, or hotel would all be permitted along with supporting retail and/or office. DC-2 allows for a floor area ratio (FAR) of 3.0 by right with the ability to go up to an FAR of 7.0 through a public hearing process.