A six-story condo-hotel has broken ground in Treasure Island.

City officials and the Pinellas Beaches Chamber recently held a groundbreaking ceremony for the Sunshine Club, a 14-unit project planned for a 0.28-acre site at 12200 Gulf Boulevard.

Condo-hotels allow buyers to purchase individual units that can be used personally or placed into a nightly rental program.

“I think it’s going to just be a huge hit here in Treasure Island,” Treasure Island Vice Mayor Tammy Vasquez said during the event held last month.

“We are just looking forward to getting back to normal and getting our visitors back, and we’re super excited about it,” she added, referencing the area’s rebound after many buildings suffered damage from back-to-back hurricanes in 2024.

The project, which was conceptualized in 2022 and approved by the city the following year, is being built by local developer and contractor Bill Karns, who was brought in by the new ownership group to oversee development and construction.

The 65-acre former Home Shopping Network corporate headquarters in north St. Pete could soon be transformed into one of the area’s largest industrial parks.

Greystar, the largest multifamily housing owner, manager, and developer in the U.S., placed the site under contract late last year and is now seeking site plan approval from the Development Review Commission (DRC) to build more than 400,000 square feet of industrial warehouse space on the eastern 41-acre portion of the property at 2501 118th Avenue North.

The proposal is scheduled to go before the DRC this Wednesday. If approved, the sale is expected to close later this year, pending entitlements and required permits.

Plans for the remaining 24 acres have not been determined.

The largest multifamily housing owner, manager, and developer in the U.S. has acquired a 21.8-acre property in Largo, where it will build a new apartment community.

Greystar Real Estate Partners purchased the property at 5771 Roosevelt Boulevard for $19.25 million from Empath Health, according to a deed recorded on Thursday with the Pinellas County Clerk’s office.

The development group also took out a $68 million construction loan from CIBC Bank USA.

For Empath Health, the sale is one step in a broader plan to modernize operations and better align physical spaces with current workforce needs and community care.

“This is not a downsizing,” said Jonathan Fleece, President and CEO of Empath Health in a statement lsat year. “It’s a right-sizing. The sale enables us to invest more meaningfully in our colleagues and the systems that support compassionate care, while staying firmly planted in the communities we serve.”

Empath will shift administrative functions currently based at Roosevelt to other support sites in Palm Harbor and St. Pete. There will be no disruption to patients or family services.