Mixed-use apartment building proposed for Central Avenue near 34th Street
/A team of developers has closed on the purchase of a large shopping plaza located at the crossroads of Central Avenue and 34th Street in St. Petersburg’s Union Central District.
St. Pete-based real estate developers Blake Investment Partners and Eastman Equity along with Virginia-based developer Kettler have closed on the Central Plaza Shopping Center at 3365 Central Avenue for $13.3 million.
The three-acre shopping center occupies two city blocks along Central Avenue between 32nd Street and 34th Street. Currently, the retail center has 73,200 leasable square feet and is home to several tenants including a Family Dollar, Hibbett Sports, Citi Trends, and Octapharma.
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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.