Elements On Third

AJ Suarez and Frank Guerra, Altis Cardinal’s principals and founders, recognized that their firm had the potential to revitalize this block. When Altis Cardinal bought the tired apartment building at 441 33rd St N, St. Petersburg in late 2012, they took a long shot on a project that to most seemed impossible. Bringing years of experience, comprehensive market understanding, and capacity for action, Altis Cardinal pulled off the improbable in their major success bringing Skyline on Fifth to the market. Looking around the block, Altis Cardinal saw more opportunity to be seized. In 2014 Altis Cardinal acquired one of the abandoned office buildings on its block and three years later it acquired the other. Finally, the development that would birth Elements on Third was underway.

Seaglass was just the beginning of the Elements development; two phases were left until completion. The first construction effort built Stone Lofts and the two-building Sunshine Flats for a total of 126 living units. Stone Lofts was repurposed from one of the vacant office buildings on the lot and offers residents six floors of bold living area in the center of the Elements Campus.

Each building of Sunshine Flats creates a lower intensity space to maximize its residents’ access to fresh air and its namesake sunshine. This phase also included a second pool with a clubhouse and outdoor lounge providing residents with a social space and poolside amenities. A maintenance room to serve as a maintenance service hub for the whole campus was also added. It opened to the public in April 2019.

Elements on Third’s final phase is currently under construction. It will feature two new Elements: Steel Lofts and Wood Flats. Steel Lofts will be resurrected from the second retired office building at the Elements campus, and it will exhibit an industrial style similar to that in Stone Lofts but with unique aesthetic finishes. Steel Lofts will feature an open-air Sky Lounge open to all residents offering views of Downtown St. Petersburg’s skyline. This phase of development also introduces Wood Flats which will bring four stories of spacious units with balconies and closed interior space. Finally, a separate building will house the leasing office with a state-of-the-art gym.

Elements on Third stands as a proud example of Altis Cardinal’s ability to make investments that build community and integrate into a neighborhood without disrupting its existing healthy aspects, Altis Cardinal is proud to coordinate with community members and bring its own efforts to bring out the best in its investment areas.