City of St. Pete selects winner for redevelopment of Municipal Services Center
/After months of discussion, the City has reached a preliminary agreement with Third Lake Capital and Echelon to purchase the existing Municipal Services Center (MSC) located at 1 Fourth Street North and construct a new facility on 2nd Avenue North. The joint venture has proposed purchasing the existing MSC for $12.25 million, which the City will use to fund the construction of the new MSC building.
The Municipal Services Center is an 11-story city-owned office building that houses local government services such as the planning department, code enforcement, and parking management, among others.
The City began exploring the redevelopment of the MSC back in December 2019 after receiving an unsolicited proposal to purchase the property from New York-based development firm Property Markets Group (PMG). The idea to redevelop the site had previously been discussed by St. Pete Mayor Rick Kriseman, who envisioned building a new MSC building closer to City Hall to create a ‘campus-like’ feel among municipal services. The existing MSC is three blocks from City Hall.
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