St. Pete’s Grand Central District continues to attract new businesses and pique developer interest as demand for commercial space and new housing radiates from the downtown core. A recent land sale in the heart of the neighborhood will pave the way for the District’s next mixed-use development.

Vertica Commercial Advisors, a subsidiary of Vertica Partners, a Tampa-based real estate advisory and investment firm, has announced the sale of a parcel at the southwest corner of Central Avenue and 28th Street to ASH Developers. The site is nearly a quarter acre and sits in an Opportunity Zone – it sold for $740,000, or $70 per square foot.