Developer behind 46-story 400 Central condo tower to redevelop Mirror Lake property into residential tower

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Developer behind 46-story 400 Central condo tower to redevelop Mirror Lake property into residential tower

After St. Pete Rising announced earlier this week that a prime redevelopment site on Mirror Lake was under contract, the developer behind Florida’s tallest residential tower revealed themselves to be the undisclosed buyer.

New York-based Red Apple Group is reportedly set to purchase the property for $13.2 million by the end of the year.

“As Mr. Catsimatidis alluded to recently, we are under contract to acquire this exciting piece of land near beautiful Mirror Lake in the heart of the Sunshine City’s downtown,” Kevin King, director of Florida operations for Red Apple, said in a statement to St. Pete Rising.

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A missed opportunity: St. Pete commission denies bid to convert historic church to event venue

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A missed opportunity: St. Pete commission denies bid to convert historic church to event venue

Bricks stacked inside the Euclid Methodist Church are crumbling and gaping holes puncture the ceilings, welcoming black mold throughout the walls in the historic church that one local couple is desperate to save and convert into an event venue with a bed & breakfast operation.

“We are entrepreneurs - you see the disrepair and work needed, but we see how this building can be a beautiful destination and serve the community in a new way,” owners Noam and Irene Krasniansky said to St. Pete Rising during a tour of the 100-year-old church at 919 10th Avenue North.

The fenced-off property, which was added to the St. Petersburg Register of Historic Places in 2004, borders the edge of the Euclid-St. Paul neighborhood where commercial businesses dot Dr. MLK Jr. Street and craftsman-style residences line 10th Street North.

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Exclusive: Johns Hopkins All Children's Hospital announces $62 million expansion of its St. Pete campus

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Exclusive: Johns Hopkins All Children's Hospital announces $62 million expansion of its St. Pete campus

Johns Hopkins All Children’s Hospital, which was recently ranked the #1 children’s hospital in Florida, will expand its downtown St. Petersburg campus to further its surgical capabilities to treat complex cases and enhance services.

The hospital has submitted permits to start work on a $62 million project to expand its Emergency Center and its second-floor surgical suite.

The 28,000-square-foot expansion will rise on the northwest corner of the existing emergency center and will extend into the current parking lot at the corner of 5th Avenue South and 6th Street South.

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Sweetgreen announces opening date for downtown St. Pete location

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Sweetgreen announces opening date for downtown St. Pete location

Nearly three years after being announced, an opening date is finally set for Sweetgreen in St. Petersburg’s trendy EDGE District.

The Los Angeles-based, fast-casual restaurant, which serves made-to-order salads, leased space at 1114 Central Avenue will open on December 10th.

The original plan was for the popular salad restaurant to open in late 2022, but construction issues delayed the opening.

Sweetgreen’s menu includes an assortment of healthy meal options such as protein plates, bowls, and salads. It also offers kids’ meals and dishes made with locally sourced ingredients.

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Prime development site near Mirror Lake under contract, set to close by year end

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Prime development site near Mirror Lake under contract, set to close by year end

A New York-based real estate firm is under contract to purchase the prime redevelopment site at 450 3rd Avenue North on the east side of Mirror Lake in downtown St Pete.

Located at the corner of 5th Street North and 3rd Avenue North across from the historic Mirror Lake Community Library, the 0.94-acre property was previously approved to be developed into 23-story mixed-use tower containing 285 apartments and 10,000 square feet of retail space.

The site was formerly home to The Cara Apartments, a cluster of six buildings containing around 100 apartments, before the property was demolished earlier this year.

The current landowners, a group consisting of bitcoin mining company Hyperscale Data (formerly BitNile Holdings), former Illinois Congressman Aaron Schock, and Atlanta-based real estate investor Joshua Haywood, purchased the site for $15.5 million in 2022.

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Done Deals: Group acquires more property on Salt Creek, Trop damage tops $55 million, Pin on Cafe moves next week

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Done Deals: Group acquires more property on Salt Creek, Trop damage tops $55 million, Pin on Cafe moves next week

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.

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42-story Art House condo tower tops out in downtown St. Pete

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42-story Art House condo tower tops out in downtown St. Pete

Soaring 450 feet, the 42-story Art House condominium tower in downtown St. Pete has now reached vertical completion.

The topping off of Art House marks a key milestone in the construction of the new 244-unit luxury condo tower at 235 1st Avenue South.

South Florida-based developer Kolter Urban, which has developed two other condo projects in downtown St. Pete, the 41-story ONE St. Petersburg and the recently completed 35-story Saltaire, will hold a private celebration on Thursday evening commemorating the construction milestone.

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Downtown St. Pete’s Mirror Lake neighborhood is one step closer to becoming a historic district

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Downtown St. Pete’s Mirror Lake neighborhood is one step closer to becoming a historic district

Nearly 21 acres around downtown St. Pete's Mirror Lake may soon become a local historic district, hoping to preserve its pedestrian-friendly, low-rise character amid a wave of new development.

On Tuesday evening, the City’s Community Planning and Preservation Commission (CPPC) unanimously approved a citizen-initiated application to designate certain areas of Mirror Lake as a local historic district.

The proposed local landmark designation, which has been spearheaded by local preservation advocacy group Preserve the Burg, must be approved by St. Pete City Council before taking effect.

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Construction to commence on huge brewery and marketplace in Pinellas Park

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Construction to commence on huge brewery and marketplace in Pinellas Park

Plans are progressing for a 40,000-square-foot brewery and marketplace that will anchor a new mixed-use destination in Pinellas Park.

Matthew Dahm, founder and CEO of Mastry's Brewery, expects to start site work by the end of the year on a new 5,000-square-foot brewery and 36,000-square-foot indoor food hall and market at 5805 Park Boulevard.

Construction permits will be submitted soon for the project, which has been named Park Junction.

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Wild Fork Foods, a boutique meat and seafood market, opens on 4th Street

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Wild Fork Foods, a boutique meat and seafood market, opens on 4th Street

Ostrich, anyone? Wild Fork Meat and Seafood Market has opened its first St. Petersburg store, and it is unlike your traditional neighborhood grocery store - selling everything from alligator tenderloins to venison rib racks.   

Wild Fork, offering the widest selection of high-quality meat and seafood, has debuted at 2801 4th Street North on the site of the former Alcove Assisted Living directly across the street from The Fresh Market and Trader Joe's.

Local commercial real estate developer Belleair Development Group purchased the property in 2021 for $3.25 million. The structures were demolished, and a new 4,950-square-foot building was constructed for Wild Fork.

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