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 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 MoreThe St. Petersburg Housing Authority (SPHA) marked a significant milestone in addressing affordable housing needs for seniors with the groundbreaking of a new residential project at 2323 9th Avenue North in North Kenwood.
The project, dubbed the Edward White Campus, a nod to the former Edward White Hospital that operated at the property, is set to be transformed into a six-story, 121,000-square-foot affordable housing complex.
The campus will house three facilities including: the Gemini Senior Living Community, the St. Petersburg Housing Authority Central Office, and Evara Health.
Read MoreWhen Saigon Blonde opened in downtown St. Pete, it redefined what a cocktail bar in Tampa Bay could be. Six years later, the team behind Saigon Blonde is putting the final touches on a new immersive upscale restaurant set to debut this September.
In 2018, instead of simply designing a beautiful bar, the owner used Saigon Blonde to tell a story.
Saigon Blonde, located at 265 Central Avenue, is the story of a beautiful Vietnamese-French woman who operated a cocktail lounge deep in the heart of the capital of Vietnam during one of history’s most devastating wars.
The downtown St. Pete cocktail bar could easily fit in on the streets of New York City or in a Disney theme park. And by the sound of it, the team’s next concept would fit right in as well.
Read MoreItching for some fresh ink? The largest privately owned tattoo company Atomic Tattoos is opening a new shop in downtown St. Petersburg.
Atomic Tattoos, which has shops throughout Tampa Bay, including in the Tyrone Square Mall, will open the tattoo and body piercing shop at 2434 Central Avenue next to the Tubular Tokes retail and vape shop.
Atomic Tattoos founders and husband-and-wife duo Clay and Laurie Montgomery purchased the building this month for $1.025 million. It was previously occupied by Charles Edward Salon and the Joel Schmitz CPA firm.
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 MoreA St. Petersburg-based developer has filed plans to preserve a historically significant property fronting Mirror Lake and construct a seven-story condo building in downtown St. Pete.
The 0.47-acre site at 250 Mirror Lake Drive North is currently home to an 87-year-old building that will be restored and remain on site. A new two-story residence will be built on the northeast corner of the property and an 18-unit condo building will be constructed on the west side of the property on what is currently a vacant lot.
The developer, Backstreets Capital, has operated out of a 1920’s-era building across the street from the site at 248 Mirror Lake Drive for the past four years.
The existing two-story 1937-built building, while not listed on the local or national register of historic places, is adorned with a bronze plaque noting the building as being a “contributing structure of the downtown historic district.”
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