A development proposed for 8th Street South could be the latest project to bring new residential units and ground floor retail to downtown St. Pete.

White/Peterman Properties, Inc. is under contract to purchase a 1.15-acre site at the northeast corner of 4th Avenue South and 8th Street and has filed site plan review documents with the city.

The property is currently home to 10 low-density residential buildings with a total square footage of 9,553 square feet that are scheduled for demolition. The site is not located within a local or national historic district and none of the existing buildings are designated historical landmarks.