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.
Read MoreWho's picking up the tab for the new Tampa Bay Rays's $1.3 billion ballpark, where’s that funding is coming from, and other lingering questions were answered this week during a seven-hour-long discussion.
On Wednesday morning, St. Pete City Councilmembers, Mayor Ken Welch, and Rays executives hashed out the details of the stadium agreement during a Committee of the Whole workshop meeting.
On Thursday, St. Petersburg City Council preliminarily voted 5-3 to approve a development agreement for the new Rays stadium. The opposing votes came from Councilmembers Hanewicz, Muhammad, and Floyd.
Read MoreThe Gateway Logistics Center, an industrial complex in St. Petersburg’s Gateway area, is moving forward into the second construction phase thanks to funding from Pinellas County.
Greystar Development East LLC, a subsidiary of Greystar Real Estate Partners, is developing the 61-acre Class A industrial center at 2690 Gateway Centre Parkway on the northeast corner of 28th Street North and Gandy Boulevard.
The commercial project is part of a 93-acre development on a site formerly owned by Jabil Inc., a global manufacturing services company, that once envisioned a new headquarters campus on the property.
Read MorePrepare to get roasted at Dick's Last Resort, the restaurant chain known for "purposely providing bad service" and poking fun at customers.
The foul-mouthed eatery is coming to 111 Boardwalk Place West at John's Pass Village on Madeira Beach. The 3,000-square-foot space was previously occupied by John's Pass Grille.
Dick's Last Resort will open by the end of this summer, according to broker Corinna Gattasso, RIPCO Real Estate's Vice President at the Tampa office.
Gattasso represented local real estate tycoon Ben Mallah, Principal and Founder at Equity Management Partners in Largo, who has owned the Madeira Beach property since 2019.
Today, John's Pass Village is one of the top tourist attractions in Tampa Bay, featuring numerous unique shops, restaurants, and a boardwalk overlooking the Gulf of Mexico.
Read MoreA team of local restauranteurs wants to honor downtown St. Petersburg's humble beginnings by opening a new bar focused on serving locals.
There Goes The Neighborhood, a sarcastic and playful jab referring to the recent influx of high-rise luxury towers, is under construction at 129 1st Avenue North. The space was formerly home to Diagnostic Imaging at BayWalk.
"It will be a service industry-focused bar for locals to hang out at," owner Michael Jennings said to St. Pete Rising while touring the 2,000-square-foot space.
The concept is the brainchild of Jennings and his team at The Drink St. Pete Group, the ownership group behind a handful of other popular bars in downtown St. Pete, such as One Night Stand, Tequila Daisy, Whiskey Exchange, and Pour Judgement.
Read MoreDone 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
Read MoreLocal real estate firm NJR Investment and Development Company is moving forward with plans for a five-story condominium building at 357 3rd Street South after a unanimous approval by St. Petersburg’s City Council.
Named Aerie on 3rd, the 36-unit condo building will rise on a 0.34-acre site across from Camden Pier District. NJR previously proposed a 15-unit townhome community dubbed Claridge Lane Townhomes on the site.
“We’re very exited to be able to give even more people the opportunity to live the downtown experience in St. Petersburg” said Neil Rauenhorst, CEO of NJR Investment and Development Company. “We’ve worked hard to provide the right mixture of design and amenities, in just the right balance, to offer prices that are lower than expected.”
Read MoreFollowing years of negotiating and discussing the best revitalization plan for the beleaguered Tangerine Plaza in south St. Petersburg, the city is moving forward on an agreement.
In a 5-3 vote on Thursday, St. Petersburg City Council members narrowly approved a 75-year lease and development agreement with the Sugar Hill Group to bring at least 115 affordable rental units and 10,000 square feet of retail, including a new grocer, to the plaza at 1794 22nd Street South.
Council members Ed Montanari, Gina Driscoll, and Lisset Hanewicz cast the opposing votes, primarily citing language and procedural issues, concerns about rent abatement for the first two years, and the uncertainty of securing a long-term grocer.
Read MoreSouth St. Pete may soon be home to one of the area’s most popular grocery stores.
Earlier today, the St. Petersburg City Council approved a lease and development agreement with Sugar Hill Group to redevelop Tangerine Plaza at 1794 22nd Street South into 115 affordable apartments and 10,000 square feet of commercial space, which will include a grocery store at least 3,000 square feet in size.
During the City Council hearing, Rev. Louis Murphy, Sr. of Sugar Hill Group revealed that the development team is in discussions with Sarasota-based Detwiler's Farm Market to occupy the grocery store at Tangerine Plaza. However, no lease has been signed yet.
Read MoreLocal developers and homebuilders are vying to acquire and redevelop a St. Pete College site into an affordable housing community.
St. Pete Rising has obtained the proposals developers submitted to the City of St. Petersburg proposing to bring affordable workforce townhomes to the 5.24-acre site at 7045 Burlington Avenue North in west St. Pete.
The city and selected partner will market the units to St. Pete College students, staff, and low-income residents seeking homeownership.
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