16-story apartment building proposed for 4th Avenue North in downtown St. Pete
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A 16-story apartment building has been proposed for a vacant lot at 747 4th Avenue North in downtown St. Pete. The building is planned for a 14,177 square foot lot that abuts I-375 and previously had proposals for a seven-floor condominium building and a less dense townhome project.
The plans were filed on behalf of Commercial Street Partners, a full-service real estate development firm based in Rochester, New York.
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Contrary to recent reports, Jannus Live, the iconic open-air concert venue in downtown St. Petersburg, is not for sale and will continue operating, according to the property's owner.
The confusion began when a two-story, 10,500-square-foot commercial building at 200 1st Avenue North, immediately north of the courtyard music venue, was listed for sale for $11.5 million.
Although the two properties share a longstanding connection, they have separate owners.
The building listed for sale is owned by The Jannus Landing Retail Building, LLC, associated with local businessman Jeff Knight, while the courtyard concert venue is owned by St. Pete Jannus, LLC, led by Tony Amico.
"Jannus music venue is not for sale and will continue to operate," Amico said in a conversation with St. Pete Rising. “There may be a short pause due to a change of operators, but the music will continue.”
The distinction comes after several local publications reported that Jannus Live was being sold, raising concerns about the future of the courtyard that has hosted concerts in downtown St. Pete since 1984.