Here are the biggest real estate development stories on St. Pete Rising of 2022
/2022 was another banner year for real estate development news in downtown St. Petersburg.
Projects big and small moved through the development pipeline and continued to transform St. Pete’s urban neighborhoods. Here are the top real estate development stories from 2022 broken down into three categories by project stage: Ground Breakings, Proposals, and Nearing Completion.
The Ground Breakings section includes projects that began construction this year while Proposals is broader and includes projects that were either proposed or approved but have not yet begun construction. Projects that are under construction and are expected to be completed in the first half of 2023 are included in the Nearing Completion section.
There were many other townhome projects and smaller infill developments that progressed throughout 2022; however, these top stories only include the largest real estate developments in St. Petersburg.
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More than six years after the Wagon Wheel Flea Market closed its doors, plans are taking shape to redevelop the sprawling property that was once home to one of Pinellas County's most popular weekend shopping destinations.
Pinellas Park-based Belleair Development Group is under contract to purchase approximately 156 acres at 7801 Park Boulevard North, where the Wagon Wheel and Mustang flea markets operated for more than five decades before closing in 2020.
Christian Yepes, owner of Belleair Development Group alongside his father, Carlos Yepes, confirmed the company is exploring options for a mixed-use development that could bring residential and commercial uses to the largely vacant property.
“We are extremely grateful for the opportunity to develop such a landmark in Pinellas County. We are currently in the midst of due diligence and are exploring mixed-use development options at the site,” Yepes said in a conversation with St. Pete Rising.
The property is currently owned by the family of Hardy Huntley, who founded the Wagon Wheel Flea Market with his wife, Janet, in the 1960s.