City of St. Pete Intends to Redevelop Two Prime City-Owned Lots in Downtown
/The City of St. Petersburg has received an unsolicited offer for the purchase of the existing Municipal Services Center located in Downtown St. Pete. The Municipal Services Center, or MSC for short, is an 11-story city-owned office building at 1 Fourth Street North that serves as the primary office building for city services and houses departments such as the planning department, code enforcement, and parking management.
While the City is required to solicit other proposals before ultimately selling the building, the unsolicited offer comes from the Property Markets Group (PMG) a New York-based developer, which has offered the city $12.0MM to purchase the 0.8-acre site that sits on Central Avenue between 3rd Street and 4th Street.
Read More