July 01, 2024

New mixed-use tower being planned for site of 12-story office building in downtown St. Pete

July 01, 2024/ Anthony Close

A prime parcel in downtown St. Petersburg could soon be redeveloped, according to a notice sent to tenants of the City Center office building at 100 2nd Avenue South.

The 12-story office building is owned through a joint venture by City Office REIT, Feldman Equities, and Tower Realty Partners. The owners recently announced plans for a multi-million dollar renovation to City Center’s atrium lobby, entrances, and landscaping.

The 242,115-square-foot Class A office building sits on nearly a full city block fronting 2nd Avenue South between 1st Street and 2nd Street. The parcel is located in Downtown Center-1 (DC-1) zoning which allows for intense mixed-use development and a maximum floor area ratio (FAR) of 7.0 with no height restrictions.

July 01, 2024

Massive 1,000-unit apartment project proposed for west St. Pete seeks $14.8 million from city and county

July 01, 2024/ Veronica Brezina

After years of retooling plans for a 29-acre vacant industrial property in west St. Petersburg, a new proposal has been filed to redevelop it into a massive 1,000-unit apartment community.

Landowner Porter Development, headed by Les Porter, and joint venture partners Falcone Group and Metro Development Group, have submitted funding requests to the City of St. Petersburg and Pinellas County for the project now called Azalea Gateway, a proposed mixed-income multifamily project at 1501 72nd Street North, the former home of Raytheon Technologies.

"As our city grows, it is crucial that we ensure our teachers, first responders, hospitality workers, and others have access to safe and affordable living options," Porter said to St. Pete Rising.

The development group is requesting a $4.9 million contribution from the City of St. Petersburg and $9.9 million from Pinellas County’s Penny for Pinellas funds to help construct phase one of the project.

June 28, 2024

Done Deals: Hotel developer buys 1700 block parcels, Downtown St. Pete office lists, art studio opens

June 28, 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.

June 27, 2024

40-unit Castille Urbana tops out on 3rd Avenue South in downtown St. Pete

June 27, 2024/ Veronica Brezina

The development team behind Castille Urbana, NJR Investment & Development Company, has completed vertical construction of the downtown St. Pete condominium building.

NJR, which is helmed by CEO and President Neil Rauenhorst, announced this week that the mid-rise 40-unit development at 600 3rd Avenue South is now more than 50% complete.

“We’re proud to be able to share the news that we’ve topped out on NJR’s latest downtown St.Petersburg project,” said Rauenhorst. “We are excited to bring more beautiful residences to the Downtown St. Pete area.”

June 27, 2024

New boutique selling Anthropologie items to open on 4th Street

June 27, 2024/ Veronica Brezina

Shawna Ellis is entranced with the euphoric feeling of stepping into an Anthropologie store, known for its boho-chic clothing, shoes, accessories and home decor. She wants others to have a similar experience but with more wiggle room on price.

Ellis, an active commercial real estate agent in Tampa Bay, has signed a lease to open her new concept katie + hubbell, a retail shop selling new and pre-owned Anthropologie items, at 5320 4th Street North.

The new St. Pete boutique will carry items made by Anthropologie in addition to the 1,500+ brands that Anthropologie sells, including Maeve, BHLDN, and Farm Rio.