If there's one thing for certain it's that Downtown St.Petersburg is booming. Almost daily there seems to be news of new construction or new restaurants or someone doing something big. The transformation seen in Downtown St.Pete over the past decade is almost unbelievable and it hasn't stopped. With all the development going on, someone has to argue: What does it take to be considered the biggest news of the day in Downtown St.Petersburg?
Read MoreI'll be starting a new mini-post series called Snapshot St.Pete. These posts will be shorter than regular posts and will offer a brief glimpse at an aspect relating to Downtown St.Petersburg! Last weekend the Firestone Grand Prix of St.Petersburg took place in downtown bringing thousands of spectators and racing fans. The Grand Prix is always an interesting time in Downtown St.Petersburg because of the chaos that occurs both before, after, and during the race. Between The Dali Museum and downtown businesses there tends to be a debate as to whether the race positively impacts downtown. Some business owners claim that the race scares locals away and leads to a decline in business while others see an increase in business.
Read MoreThe other day while viewing my site stats I noticed an interesting search term brought a viewer to this blog. The term was: "how are harbour's edge and urban landings the same apartment complex". It's a very valid question that I thought I'd clear up. Many times on this site I have referred to the "Urban Edge" apartment project. But Urban Edge is actually a complex consisting of two seperate communities. One community is Urban Landings and the other is Harbour's Edge. These two names combine to give the project name "Urban Edge".
Read MoreOne of the biggest mysteries surrounding Sundial St.Pete is whether or not its tenant lineup will create a shopping and dining destination. In its heyday, Baywalk was a booming shopping center with bustling shops and restaurants but controversy sunk the retail complex and brought vacancy rates close to 90%. Sundial St.Pete hopes revive the shopping center and give it new glory. I'm confident that Bill Edwards will bring a strong tenant list to- once again- make the complex a top destination. Recently the Tampa Bay Times revealed that a Marilyn Monroe spa and possibly a Ruth's Chris Steak House will be among the tenants in Sundial. Joining these two tenants are the return of Chico's and White House Black Market.
Read MoreThe future of Downtown St Pete is big and bright. Construction has been rampant so far in 2014. Read more to get the latest construction updates!
Read MoreThe Sol, an apartment project being developed by the NRP Group on a parking lot once owned by the Tampa Bay Times, is now named Beacon 430. The project is located at 430 3rd Ave S and consists of 326 apartments ranging from studios to three bedroom units between 600 and 1,200 square feet. The project is two blocks west of Campbell Landings and one block from the Harbour's Edge apartment project.
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According to the St.Petersburg Tribune, the Development Review Comission(DRC) approved a 16 story, 72 unit condo tower slated to be built on 145 4th Ave N in Downtown St.Petersburg.
The $40 million project would have 13 residential floors above a three floor parking garage.
Many neighborhood associations opposed the proposed project because they believe it is too large for the historic neighborhood. However, the Walker Whitney Plaza condo tower is less than a block away and is of similar size with 56 units on 13 floors.
To read more about the 145 4th Ave N Project click here.
The shopping center formerly known as Baywalk which was renamed to The Shops at St.Pete now has a new name: Sundial. The plaza is currently undergoing a $40 million renovation and is set to open in the spring. Sundial St.Pete has released a website touting itself as:
AN EXCLUSIVE COLLECTION OF BOUTIQUES, RESTAURANTS AND NIGHTLIFE, ALL IN THE HEART OF DOWNTOWN ST. PETERSBURG
Hopefully Sundial St.Pete will release its tenant list soon.
For more information visit: http://sundialstpete.com
Via Tampa Bay Times
A recent article from the Tampa Bay Business Journal discusses how rental rates on Beach Drive in Downtown St.Petersburg have gone from $30 to $50 a square foot over the last few years. This steep increase follows high demand on the popular street that has little to no vacancy. According to the article the average retail rental price for the rest of Downtown St.Petersburg is $16.93, almost a third of the going price along Beach Drive. These high rental rates on Beach Drive must be good news for Bill Edwards, owner of the The Shops at St.Pete. Opening sometime this year, The Shops are one block west of Beach Drive and across the street from the Ovation condo tower. It makes sense to think that The Shops will benefit from the lack of available space on Beach Drive. Although I doubt The Shops will be able to fetch $50 sq/ft they will probably be well above the $16.93 sq/ft in the rest of downtown.
Read MoreThe apartment building formerly known as Bayway Aprtments have a new name: Modera Prime 235. This property is being developed by Mill Creek Residential of Dallas, TX and will consist of studios, one bedroom, and two bedroom units.
The development features a parking structure, two rooftop lounges with city views, a pool, and a two story fitness studio.
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