The topic of renovation of industrial territories and enterprises in St. Petersburg is one of the key issues for modern urban architectural and urban planning practice. Most of these territories are located near the historical center and therefore are an important territorial reserve for the development of the city. However, the renovation of these territories and enterprises is fragmentary and selective. This is due to the lack of a unified urban strategy for these transformations and the interest of investors. The consequence of this may be a real threat of the loss of the unique industrial heritage of St. Petersburg. One of the methods of solving these problems can be the study of the history and features of the formation of this heritage and identification of problems of transformation of industrial territories. The search for solutions to these problems may be in the direction of studying the project experience of these transformations, in particular the competitive experience of St. Petersburg. The subjects of discussion in this article are the results of project experience and the implementation of transformations of industrial areas and buildings, with the identification of positive and negative sides of this experience. The results of the article include the need to develop urban planning concepts for the transformation of various industrial territories of St. Petersburg with the involvement of both the city's leadership and the population of surrounding areas and potential investors. The result of these proposals may be a unified citywide strategy for the transformation and development of industrial areas.