May 31, 2024

The Factory sells 6.5-acre property in the Warehouse Arts District

May 31, 2024/ Brian Zucker

One of the largest properties in St. Pete’s up-and-coming Warehouse Arts District has been sold.

Factory Investors of St Pete LLC, owned by St. Pete-based real estate investors Tom and Cory Gaffney, has acquired a 6.5-acre property located southwest of downtown St. Pete at 2606 Fairfield Avenue South.

The property is home to The Factory, a creative arts destination comprised of 90,000 square feet of warehouse space across nine buildings along the Pinellas Trail.

May 31, 2024

Done Deals: St. Pete restaurants close, Historic Bahama Shores home lists, School founder buys office

May 31, 2024/ Veronica Brezina

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.

May 30, 2024

The Rays reveal renderings of new $1.3 billion stadium in downtown St. Petersburg

May 30, 2024/ Anthony Close

The Tampa Bay Rays have unveiled new renderings for their proposed baseball stadium in downtown St. Petersburg, ahead of an upcoming City Council meeting.

The stadium plans will be discussed in a Committee of the Whole (COW) meeting on June 12th. The Tampa Bay Rays anticipate getting approvals in July and ultimately expect to begin construction in early 2025 with a planned opening in time for the 2028 baseball season.

Designed by architectural firm Populous, the stadium is set to be the most intimate in Major League Baseball (MLB) with a capacity of 30,000. This capacity includes between 27,000 and 29,000 fixed seats, with the remainder being standing room areas.

May 30, 2024

Move-ins begin at mixed-income Marlowe Gateway apartment community near Gandy in north St. Pete

May 30, 2024/ Brian Zucker

Greystar Real Estate Partners is putting the finishing touches on an apartment community at the corner of Gandy Boulevard and 28th Street in north St. Pete.

Earlier this month, the first residents started moving into Marlowe Gateway located at 2790 Grand Avenue. The new apartment complex features 412 apartments – with its first units starting at $1,940 per month. The garden-style complex consists of nine apartment buildings offering a mix of one-, two- and three-bedroom layouts that range from 765 to 1,279 square feet.

As part of a development agreement approved in October 2021, 20% of the units in the development will be income-restricted workforce housing for those making under 120% of the area median income (AMI).

May 24, 2024

Done Deals: Medical group to build St. Pete hub, Townhome community opens near downtown, Senior housing project begins

May 24, 2024/ Veronica Brezina

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

May 23, 2024

The Violet Stone pizzeria to relocate to larger space in Crescent Heights

May 23, 2024/ Veronica Brezina

The Violet Stone’s well-done Philadelphia-style pizza, with its crispy edges, generous layers of cheese, and fresh tomato sauce, has generated an incredible following since the pizzeria's debut last year. So much so that it has quickly outgrown its Kenwood shop.

The Violet Stone, which opened a brick-and-mortar location in 2023 at 2134 9th Avenue North, will relocate later this year to 2609 Dr. MLK Jr. Street North in St. Pete's Crescent Heights community.

The space formerly housed the House of Pipes and Cigars and vegan cafe Neighborhood Joe, which relocated two blocks away to a space next to Trip’s Diner.

May 22, 2024

St. Pete-Clearwater airport approved for $110 million expansion

May 22, 2024/ Veronica Brezina

Pinellas County Commissioners have greenlighted funding requests and contracts to allow the St. Pete-Clearwater International Airport to embark on a $110 million terminal expansion, bringing more flights and offerings.

The airport, located northwest of Interstate I-275, served 2.5 million passengers last year and currently has non-stop routes to over 60 cities through Allegiant Air.

During a Tuesday commission meeting, officials approved an agreement for the airport to enter a total $14.33 million contract with New York-based C&S Companies to design and construct the new and expanded terminal.

May 21, 2024

336-unit apartment development planned for Largo using Florida's Live Local Act

May 21, 2024/ Veronica Brezina

Pinellas Park-based Belleair Development Group and global real estate firm Trammell Crow will deliver the first workforce housing project in Largo filed under Florida’s new Live Local Act.

The partners filed plans under the act in February to build Allora, a multi-phase apartment complex on a 15.5-acre property at 800 8th Avenue Southeast on the corner of 8th Avenue and Donegan Road.

The first phase of Allora calls for 240 units with 40% slated for workforce housing.

May 20, 2024

Brick & Mortar owners to debut Latin-inspired restaurant next month in the Grand Central District

May 20, 2024/ Veronica Brezina

After several years in the making, the team behind St. Petersburg’s Brick & Mortar Kitchen + Wine Bar is ready to debut a new concept in the Grand Central District.

Husband-and-wife duo Hope Montgomery and Jason Ruhe plan to open a new Latin-inspired eatery, Pulpo Kitchen + Lounge, at 2147 Central Avenue in mid-June.

Pulpo, which translates to "octopus" in Spanish, will serve a twist on traditional South American dishes and cocktails with bold and robust flavors. The restaurant was first reported by St. Pete Rising in January 2023.

"This concept has been my brainchild for the past three years to fill a void in the area. We started doing the buildout about a year ago," Ruhe said to St. Pete Rising.