State of the Economy: St. Pete looks to develop more properties, Welch talks on Rays deal

State of the Economy: St. Pete looks to develop more properties, Welch talks on Rays deal

Since 2020, St. Petersburg has accounted for 48% of the population growth in Pinellas County with over 265,780 residents, and that number should continue to increase thanks to planned new development. 

The population data and latest market trends were presented Wednesday, March 27th, at the City of St. Petersburg’s State of the Economy event hosted at the ARK Innovation Center in the Innovation District.

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Habitat for Humanity completes 900th home, will deliver 85 more affordable units this year

Habitat for Humanity completes 900th home, will deliver 85 more affordable units this year

A Pinellas County employee, a single father of three, will soon have the keys to a new home - becoming the 900th owner to have a home built by Habitat for Humanity of Pinellas and West Pasco Counties

The local Habitat for Humanity alliance, which is the second largest in the organization's national network, has helped over 1,000 families, serving as the homebuilder, loan originator, and mortgage servicer.

They plan to build 85 more affordable homes this year.

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Valhalla Bakery reopens in shared space with Valkyrie Doughnuts in the Grand Central District

 Valhalla Bakery reopens in shared space with Valkyrie Doughnuts in the Grand Central District

Customers can continue indulging in Valhalla Bakery's Pistachio Rose Bar and sweet lattes just four doors down from their original St. Pete Grand Central District location.

The vegan bakery, named after the Viking Heaven, has relocated its operations at 2462 Central Avenue into the neighboring Valkyrie Doughnuts space at 2444 Central Avenue.

Valhalla Bakery owner Celine Beltgens, who also owns Valkyrie Doughnuts, explained it wasn't financially feasible to continue operations in separate locations due to the spiking costs of ingredients and fluctuations in today's economy, making it a struggle for small businesses to survive on lower profits. 

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Local developer plans to convert historic church in Old Northeast into residences

 Local developer plans to convert historic church in Old Northeast into residences

A local developer may convert the historic 98-year-old Westminster Presbyterian Church in St. Pete's Old Northeast neighborhood into residences. 

Pinellas Park-based Belleair Development Group, which has delivered multiple commercial retail and residential projects throughout St. Petersburg, is proposing to convert the former old school and church at 126 11th Avenue Northeast into one single-family home and two townhomes. 

The Westminster Presbyterian Church, designed in 1926 by well-known architect Archie Parrish, and has sat dormant for over a decade and is listed as a local historic landmark in the St. Petersburg Register of Historic Places. 

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Done Deals: St. Pete apartments sell, Boxing gym coming to Central Avenue, Pinellas Park industrial sites are acquired

Done Deals: St. Pete apartments sell, Boxing gym coming to Central Avenue, Pinellas Park industrial sites are acquired

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.

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