$500 million TradeWinds Resort expansion moves forward on St. Pete Beach

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$500 million TradeWinds Resort expansion moves forward on St. Pete Beach

TradeWinds Island Resort is one step closer to starting work on a $500 million transformation of its 25-acre St. Pete Beach property.

After a nearly six-hour-long St. Pete Beach Planning Committee, the members unanimously approved a development agreement and conditional use permit (CUP) for the redevelopment of the beachfront resort at 5500 Gulf Boulevard that will bring three new hotels and amenities to the property.

TradeWinds, which operates the Island Grand and RumFish Beach Resorts, currently has 967 hotel keys, and 102,373 square feet of retail and restaurant space.

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400 Central reaches the halfway mark in downtown St. Pete

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400 Central reaches the halfway mark in downtown St. Pete

Hundreds of contractors from Suffolk Construction are pouring concrete floor by floor for 400 Central, a 46-story luxury condominium tower under construction in downtown St. Pete. The tower, which adds a floor every six days, is now more than halfway complete at 250 feet high.

New York billionaire John Catsimatidis Sr., founder of Red Apple Real Estate, and select media members, climbed inside a freight elevator and were hoisted up to the newly completed floors to catch a glimpse of the expansive views from what will soon be the tallest residential tower on Florida’s west coast.

The terraces of the future condos on the 25th floor boast panoramic views of the downtown core and Mirror Lake to the edge of the waterfront and sights of the foggy Sunshine Skyway Bridge in the distance.

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Done Deals: Snell Arcade's basement lists, Land purchased for affordable housing, Grand Central office building sells

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Done Deals: Snell Arcade's basement lists, Land purchased for affordable housing, Grand Central office building sells

Done Deals is a new weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

Have real estate news to share? Send us an email at hello@stpeterising.com.

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Sprouts Farmers Market, Badcock Furniture to open in Largo shopping plaza

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Sprouts Farmers Market, Badcock Furniture to open in Largo shopping plaza

Organic grocer Sprouts Farmers Market is growing its footprint in Pinellas County and will open a new store in Largo's Keene Plaza Shopping Center.

St. Petersburg-based commercial real estate firm Paradise Ventures, which is redeveloping the Sundial shopping complex in downtown St. Pete, is demolishing 35,500 square feet of retail space at the northeast end of the retail plaza to make way for two new tenants - Sprouts Farmers Market and Badcock Home Furniture & More, which will relocate its showroom on Missouri Avenue to the new space.

The 85,299-square-foot plaza, at the northwest corner of Keene Road and East Bay Drive, was previously anchored by a Save A Lot and Bealls Outlet.

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Florida’s largest co-living developer to build more shared housing in St. Pete

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Florida’s largest co-living developer to build more shared housing in St. Pete

Rents continue to soar in St. Petersburg where demand outpaces supply, but one local property management and development firm is addressing the economic issue by building      innovative co-living spaces throughout the city.  

In a co-living space, house members share kitchens, living rooms, and other communal areas.  

St. Petersburg-based Docked Living, a co-living developer that delivers a membership-based housing subscription rather than a traditional lease, is flipping several dormant properties. The company is Florida's largest co-living developer. 

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Interactive indoor playground and kid-friendly cafe to open on Central Avenue in St. Pete

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Interactive indoor playground and kid-friendly cafe to open on Central Avenue in St. Pete

An interactive playhouse with everything from structures resembling castles where kids can role-play to a kid-friendly cafe serving coffee and pastries will open in downtown St. Petersburg. 

The new business, Run and Play Kids Cafe, is a joint venture between Jessica Gavin, owner of downtown's first toy shop Runrun Kids Store, and Hannah Rewarts, founder of the mobile coffee truck Bean Wandering. 

The space at 3950 Central Avenue, next door to the Runrun Kids Store, will have a 1,110-square-foot play area designed for children ages 6 months to 9 years old, as there will be separated and gated play zones with toys found at the Runrun Kids Store. 

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New brewery to open in St. Pete’s former Brutalist Brewery

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New brewery to open in St. Pete’s former Brutalist Brewery

Craft beer will pour once again inside the former home of The Brutalist Temple of Beer in St. Petersburg.

Richie and Jill Hamm, owners of the newly registered Freedom Brewing Co., purchased the 10,7470-square-foot industrial property at 1776 11th Avenue North in a $2.3 million deal.

The new owners plan to open and operate a unique brewery concept that will utilize the entire interior and the outdoor patio, according to a press release from Bridgewater Commercial Real Estate. 

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Legacy of iconic Munch’s Restaurant to continue at Tchotchke

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Legacy of iconic Munch’s Restaurant to continue at Tchotchke

When restaurateur Matthew Firosz signed the lease for the old Munch's Restaurant and Sundries, Firosz knew he wanted to honor the nostalgic history tied to the space now reopening under a different name.

Longtime owner Larry Munch and his family served breakfast for 70 years at 3920 6th Street South in southeast St. Pete before Munch announced his retirement and closed the restaurant in late 2022.

"We need to embrace what was here. The Munch family has owned this place since 1952 - that's a real testament to this industry," Firosz said in a conversation with St. Pete Rising. "We can make new memories in this space while paying tribute to what came before us." 

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80-unit affordable housing building approved for 4th Street North in St. Pete

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80-unit affordable housing building approved for 4th Street North in St. Pete

An 80-unit affordable apartment building aimed at addressing the critical need for low-cost housing for seniors has received unanimous approval from the city’s Development Review Commission.

The green light has been given for the Flats on 4th project, a $37.5 million endeavor set to be constructed on a currently undeveloped parcel at the southwest corner of the intersection of 106th Avenue North and 4th Street North in north St. Pete.

The Flats on 4th, a four-story mid-rise building, will house 52 one-bedroom units and 28 two-bedroom units, providing housing options for residents with incomes between 40 to 60 percent of the area median income (AMI).

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Done Deals: Central Avenue multifamily site lists, Beach Theatre to reopen, ARK secures funding for educational hub  

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Done Deals: Central Avenue multifamily site lists, Beach Theatre to reopen, ARK secures funding for educational hub  

Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

Have real estate news to share? Send us an email at hello@stpeterising.com.

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