Developers pitch ideas to transform two sites in Downtown St. Pete
/Over the past few months, several groups have been in the running to redevelop two centrally located city-owned properties in Downtown St. Pete. The first lies directly on Central Avenue at the northeast corner of 4th Street while the second sits on 2nd Avenue North between 4th Street and 5th Street. The property at Central Avenue and 4th Street is currently home to the City of St. Petersburg’s Municipal Services Center (MSC), an 11-story office building which contains city services such as the planning department, code enforcement, and parking management, among others.
The existing MSC has outstanding deferred maintenance and late last year the City received an unsolicited proposal from Property Markets Group (PMG) to buy the Central Avenue property for $13M. Pursuant to Florida law, the City cannot sell City-owned property without first soliciting offers from other potential buyers.
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