Mixed-use development with 1,500 residential units planned for Skyway Marina District
/A 34-acre office park in the Skyway Marina District has been sold. Coral Gables-based real estate firm Altis Cardinal closed today on the Ceridian campus located at 3201 34th Street South in a $40 million all cash acquisition. The deal represents the Sunshine City’s largest land purchase in decades.
“We’ve been developing in St. Petersburg for nearly a decade and are pleased to continue our presence here for another decade while working on this multi-phase development,” said Frank Guerra, Principal and Founder of Altis Cardinal. “This area is booming with growth, maturing as a world class city, and we’re excited to be a part of it.”
The firm’s next step will be the submission of a master plan for the property. Preliminary development plans call for an urban mixed-use project which keeps a portion of the property’s existing 380,000 square foot office complex while adding multi-family units and retail space along 34th Street.
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