The Cade Residences Rises in Downtown St. Petersburg

The Cade Residences, a 15-unit, 7-story condominium at 749 Burlington Avenue N in downtown St. Petersburg, is under construction. The project is developed by Backstreets Capital with architecture by PLACE Architecture.

Construction began in April 2026, and the structure is approaching topping out. Residences are expected to be ready for occupancy in early 2028. ServisFirst Bank provided a $20.8 million conventional construction loan. Developer Will Conroy says The Cade has the only active condominium construction crane downtown.

Originally approved for 18 units, the project was cut to 15 larger residences. Units run 2,169 to 2,302 square feet; penthouses span 3,420 square feet with four bedrooms. Remaining residences start at $1.9 million. About 40% of the 15 residences were under contract as of late October 2026.

Amenities include a second-floor deck with covered patio, plunge pool, gas fireplace with surround seating, fitness center with yoga area, and a resident lounge with catering kitchen and beverage bar. The building also offers work areas, a reading nook, and air-conditioned storage. Parking spaces include dedicated storage and EV charging, with car lift prepped spaces available.

The project is anchored by restoration of the historic 1937 Cade Allen home at 250 Mirror Lake Drive, a condition of the 2024 Development Review Commission approval. Stone salvaged from the historic home will be incorporated into the new building's front entryway.