Mayor Kriseman picks Dynasty Financial to redevelop 2-acre site near Tropicana Field

Mayor Kriseman picks Dynasty Financial to redevelop 2-acre site near Tropicana Field

In one of the final working days of his administration, Mayor Kriseman has announced the selection of a proposal from a group comprised of Dynasty Financial Partners, ARK Invest, and GF Investments to redevelop a city-owned lot at 910 2nd Avenue South in downtown St. Pete. The lot currently is a dirt parking lot serving Tropicana Field.

In early November, the City of St. Petersburg received an unsolicited offer from Atlas Real Estate Partners, which owns The Wayland, a 481-unit apartment complex at 300 10th Street South, to purchase and develop a mixed-use project on the 2.02-acre lot.

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City receives six additional proposals to develop two acres in downtown St. Pete

City receives six additional proposals to develop two acres in downtown St. Pete

In early November, Atlas Real Estate Partners, which owns The Wayland, a 481-unit apartment complex at 300 10th Street South, submitted an offer to the City of St. Petersburg to purchase a 2.02-acre site located at 910 2nd Avenue South in downtown St. Pete.

The parcel is bound by 2nd Avenue South and 3rd Avenue South between Dr. MLK Jr Street and 10th Street.

On the site, Atlas proposed to build a 10-story mixed-use building that would include 310 residential units along with 20,000 square feet of ground floor retail and 15,000 square feet of co-working space. Atlas offered $5.5 million for the land.

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10-story mixed-use building proposed near Tropicana Field in downtown St. Pete

10-story mixed-use building proposed near Tropicana Field in downtown St. Pete

A prime lot in the heart of downtown could soon be redeveloped after the City of St. Petersburg received an unsolicited offer for the city-owned block at 910 2nd Avenue South.

On the heels of St. Petersburg Mayor Rick Kriseman selecting Moffitt Cancer Center to anchor a mixed-use development at 800 1st Avenue South, Atlas Real Estate Partners, which owns The Wayland, a 481-unit apartment complex at 300 10th Street South, has submitted an offer to purchase a ~2.02-acre site known as Lot 8.

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