Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Read MoreLocal developer Stoneweg US is putting the finishing touches on a mixed-income apartment community situated east of Lake Maggiore in south St. Pete.
The Lake Maggiore Apartments, located at 825 32nd Avenue South, feature 330 rental apartments, including 14 townhomes with units starting at $1,433.
The community, which is expected to fully open in August, will consist of seven garden-style apartment buildings, two townhome-style buildings, a pool, an outdoor amenity area, a clubhouse with a community room, and a leasing office.
The project, which broke ground in 2022, was developed by Stoneweg US, a St. Pete-based investment firm specializing in multifamily development and acquisitions, and is the same group redeveloping Coquina Key Plaza.
Read MoreThe Miramar Resort, built in 1953, was set to be completely demolished when the City of St. Pete Beach approved a $40 million redevelopment of the aging waterfront property in 2021; however, the owner is now scaling back those plans to save the 71-year-old buildings from the wrecking ball.
As the sun was setting Tuesday evening, Miramar Resort owner Kevin Bowden walked around the hotel property at 4200 Gulf Boulevard, pointing out to residents and community stakeholders where a new seven-story 30-unit building will rise just behind the towering dunes shielding the resort.
"Guests want new beds and bathrooms, but want the resort to still have that same historic feeling," said Bowden, who also owns the Cambria Hotel on Madeira Beach.
Read MoreIn St. Pete's Central Oak Park neighborhood, plans are underway to replace a dilapidated 1938 Tudor home with a modern 10-unit townhome development.
Local architectural firm Behar + Peteranecz, representing Seattle, Washington-based development group Heron Properties, has filed proposals with the city for a garden-style townhome project at 3601 1st Avenue North.
Named Junction Townhomes, the complex will feature two duplexes and two triplexes encircling a lush, landscaped courtyard.
"We are trying to be mindful of the neighborhood and limit the townhomes to two stories instead of three," stated Grace Johnson, Principal at Heron Properties, in an interview with St. Pete Rising.
Read MoreDone Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Read MoreSt. Pete Rising is an online urban development publication covering retail, restaurants, and real estate news in St. Petersburg, FL
