Finalists selected for the redevelopment of MSC building in downtown St. Pete
/The redevelopment of St. Pete’s Municipal Services Center (MSC) has taken another step forward with the selection of two finalists – Allen Morris and a joint proposal by Echelon, LLC and Third Lake Capital.
Last December, the City of St. Pete received an unsolicited proposal from New York-based development firm Property Markets Group (PMG) to purchase and redevelop the MSC at 1 Fourth Street in downtown St. Pete. In order to redevelop the site, a new MSC building would be constructed on a city-owned parking lot on 2nd Avenue North. This unsolicited offer prompted the city to release a Notice of Intent to Sell, inviting any alternative proposals from private developers to purchase the existing MSC.
Read More