Developer buys St. Pete property in $16.5 million deal for 304-unit affordable housing complex
/Houston-based The Hanover Company, a private real estate developer, has purchased a retail plaza that is expected to be redeveloped into a 304-unit affordable housing community.
The group has acquired the 8.95-acre site at 3100 22nd Avenue North in North Kenwood for $16.5 million from ZSPR PROPCO of Tampa LLC, according to a deed recorded on August 4th. The existing 71,064-square-foot retail plaza previously housed JB Factory Flooring, Studio Physique, and a MetroPCS store.
The Hanover Company also took out a $46.92 million loan from Texas-based Comica Bank.
The company’s redevelopment plans, which were filed in 2024, represented the first Live Local Act application received by the City of St. Petersburg.
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Golden Corral is returning to Pinellas County with plans for its first St. Pete restaurant inside the former Hooters at Tyrone Square Mall.
The popular American all-you-eat buffet chain will open at 2250 Tyrone Boulevard, according to plans submitted to the City of St. Petersburg. An opening date has not yet been announced.
The 8,105-square-foot restaurant will take over the building where Hooters operated for 15 years, from 2006 until late 2021. At the time, the chain cited changes in shopping habits and declining mall foot traffic in announcing the closure.
The new Golden Corral will be operated by franchisee Britt Guyer, who owns Golden Corral restaurants in Winter Haven and downtown Tampa. Guyer was not immediately available for comment.