Developer retools Coquina Key Plaza redevelopment in south St. Pete
/St. Pete-based developer Stoneweg is adjusting its plans to transform the beleaguered Coquina Key Plaza in south St. Petersburg into a thriving retail center with market rate and workforce housing.
The real estate firm, which purchased the 14.5-acre plaza at 4350 6th Street South in 2022 for $8.9 million, is modifying the layout of the $124 million development to deliver the project in phases.
The previous plan, approved in July 2022, called for the construction of four separate residential buildings containing 465 apartments and more than 20,000 square feet of new retail space in front of the residences.
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