St. Petersburg YMCA sells land set to be developed into a retail village and residential community
/The YMCA of Greater St. Petersburg has sold a portion of its property in St. Pete’s Grand Central District to a group of developers planning to build a new pedestrian-only retail village and residential complex.
Last Thursday, GS Blake Owner, LLC, an entity connected to national multifamily developer Greystar Real Estate Partners, purchased 4.5 acres on the east side of the Jim & Heather Gills YMCA at 3200 1st Avenue South for $12 million.
Proceeds from the sale will go towards renovating the 25-year-old, 55,000-square-foot YMCA facility, which is located on the west side of the property. Upgrades will include relocated athletic fields with artificial turf and lighting, expanded parking including access to a covered parking garage, and updated locker rooms.
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