A new hotel Tempo by Hilton has been approved by St. Petersburg’s Development Review Commission. The hotel will be 14 stories with 192 guest rooms. The hotel will replace the Fit2Run store on the corner of 3^rd Avenue North and 2^nd Street. The hotel will be developed by an entity controlled by the Kolter Group called St. Pete Runner LLC.

The hotel will have amenities such as a rooftop bar and pool deck. Three stories will be dedicated to parking, the fourth story will contain meeting space, and hotel rooms will occupy floors 5 to 13. The property is zoned for DC-1 which allows a base Floor Area Ratio (FAR) of 3.0. The hotel was approved with a FAR of 4.31 – which requires bonuses for approval. A minimum of $348,000 will be contributed to the city’s Housing Capital Improvements Fund, and the project will also purchase Transfer of Development Rights rom a locally designated landmark or landmark site. Sidewalk width on the northeast corner of the property was also approved to be reduced from 10 feet wide to 5 feet wide to preserve an existing grand oak tree on site. Fit2Run will relocate from the property later this year.