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.
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Read MoreAn upscale penthouse-only beachfront condominium development is about to break ground on the sandy shores of Treasure Island.
Arriving in late 2025 at 10126 Gulf Boulevard, The Pearl will feature four full-floor penthouses boasting over 4,000 square feet of space with unobstructed 180-degree ocean views and private access to one of the widest sections of the barrier island.
The Pearl is the brainchild of Alex Millman and Amy Krusemark, who have over 45 combined years of development experience and have focused their real estate efforts in the St. Petersburg area for the last decade.
Read MoreA dream many decades in the making will come to fruition when Chef Taoufik "Touf" Abdelmoula unveils Cybel (pronounced see-bell), his new French Moroccan restaurant in St. Pete.
Cybel will debut this September in Historic Kenwood at 2735 5th Avenue North, formerly home to Sammy + Paco’s Café. The opening comes about two months after Chef Touf closed the Cybel ghost kitchen at Foodie Labs, ending an eight-month run at the restaurant incubator.
“Foodie Labs helped us work our way up, making a name for ourselves in the city," Chef Touf said to St. Pete Rising. “We couldn’t be more excited for our next chapter and to introduce even more people to French Moroccan cuisine.”
Read MoreNew York-based retailer Foot Locker has announced it will move its global headquarters to St. Petersburg, according to the company’s second quarter financial earnings report.
“To further support strategic progress against the Lace Up Plan, Foot Locker, Inc. is also announcing that it will move its global headquarters to St. Petersburg, Florida in late 2025,” says the release.
“The intent of the relocation is to further build on the Company's meaningful presence in St. Petersburg and to enable increased collaboration among teams across banners and functions, while also reducing costs.”
Read MoreThe City of St. Pete is in discussions to sell a 1.53-acre city-owned property near the future Historic Gas Plant District redevelopment in downtown St. Pete.
Third Lake Partners, which was established by Ashley Furniture founder Ronald Wanek, is expected to purchase the property at 298 Dr. Martin Luther King Street South from the City of St. Petersburg for $10 million.
The property is situated east of Tropicana Field and directly west of United Property Insurance's (UPC) former headquarters building, which Third Lake Partners bought in 2022 for $10.5 million.
Read MoreSt. Pete Rising is an online urban development publication covering retail, restaurants, and real estate news in St. Petersburg, FL
