Waterside at Coquina Key, located in St. Petersburg, Florida, represents the largest apartment condominium conversion in the history of the state of Florida. Formerly, known as Coquina Key Arms, the 1006 unit apartment complex boasts spectacular waterfront views from every unit, and is an irreplaceable asset.

Plans for the property include complete exterior renovations, interior upgrade packages, clubhouse remodeling and enhanced landscaping throughout. In addition, the bay front clubhouse will become the new Waterside Yacht Club featuring spacious clubhouse areas and a private restaurant for Waterside residents. Existing boat slips will be renovated and many new slips will be added to make Waterside a truly unique boating community. Also, an on-site market will be added for the residents' shopping convenience. Other amenities include a second clubhouse, boat ramp access to Tampa Bay, resort style swimming pools and spas, fitness centers, lighted tennis courts and a business center.

To capitalize on its ubiquitous coastal location, the spacious 1, 2 and 3 bedroom condominium and townhouse floorplans come with private terraces and expansive water views. By consolidating existing studio and efficiency apartments, Waterside at Coquina Key will have 912 residences in two distinct villages, North Village and South Village.

The 88 acre apartment community with 3.4 miles of seawall has been acquired by a consortium including Marathon Real Estate, Prospect Capital Group and the Robert Martin Company. The sale of the property was completed on May 18, 2005.