A prime waterfront parcel in St. Pete Beach may become a new mixed-use condominium development with restaurants, retail, and public green space.

Delray Beach-based real estate developer Kolter Urban unveiled its vision for a property at the east end of Corey Avenue during a Monday evening community meeting at the Sirata Beach Resort.

During the meeting, Kolter showed renderings and a site plan for a 162-unit luxury condo development with 4,000 square feet of restaurant space, 8,540 square feet of retail space, 39 boat slips, and public amenities, such as a park, plaza, and promenade.

Over the past decade Kolter has become one of the most prolific developers in the region. The company has developed several condo towers in downtown St. Pete, including ONE St. Petersburg, which opened in 2019; Saltaire, which opened in 2023; and the upcoming Art House, which is set to debut this year.

Kolter has also completed condo developments in Tampa, Sarasota, and South Florida.