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 MoreConstruction has begun on the Bayou Court Apartments, a new affordable housing development in south St. Pete.
Situated near the southeast corner of Lake Maggiore at 4201 6th Street South, this new three-story affordable housing community is poised to address the housing needs of low- and moderate-income households in south St. Pete.
Gravel Road Partners, a Washington D.C.-based workforce and affordable housing developer, acquired the two-acre property in 2022 for $1.7 million.
Read MoreThe City of St. Petersburg has received its first development application filed under Florida’s Live Local Act. The proposed development is located at 3100 22nd Avenue North and currently consists of a retail plaza that houses JB Factory Flooring and Studio Physique, a fitness studio.
The 7.27-acre site is owned by ZSPR PROPCO of Tampa, LLC and is under contract for purchase and development by Houston-based The Hanover Company, a private real estate developer.
A purchase price was not disclosed.
The proposed Hanover development will include 304 apartments which consist of 196 one-bedroom apartments and 108 two-bedroom apartments. All the units will rent to households earning at or below 120% of the area median income (AMI).
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 MoreThe long-dormant Tangerine Plaza in south St. Petersburg may be redeveloped into an affordable housing community or culinary arts center - becoming a true economic asset in the Deuces community.
St. Petersburg-based real estate firm Stoneweg US, the same firm redeveloping the Coquina Key Plaza, and faith-based nonprofit group Positive Impact Ministries have submitted bids to the city, vying to purchase and revitalize the retail center at 1794 22nd Street South, which has a few active tenants.
The retail center was formerly anchored by a Sweetbay Supermarket and then a Walmart Neighborhood Market. Since Walmart closed its doors in 2017, the 40,000-square-foot grocery space has remained vacant.
Read MoreSt. Pete Rising is an online urban development publication covering retail, restaurants, and real estate news in St. Petersburg, FL
