St. Pete Developer Becomes Florida’s First Real Estate Development B Corp
/Real estate developers are often criticized for not respecting the fabric of existing communities and for being too profit-driven. It is these issues, among others, that often lead to neighborhood groups and residents opposing new development, particularly when a project is being proposed by an out-of-town developer.
But one local developer hopes to change these notions by giving back to the community and encouraging other businesses to do the same. Salt Palm Development, located at 3446 1st Avenue North in St. Pete, was recently certified as the first B Corp real estate development company in the southeastern United States.
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After a sudden opportunity arose just four blocks from its current shop, Pete’s Bagels is preparing to move into a new space twice the size of its current location in the Grand Central District.
The local bagel company will relocate from 2361 1st Avenue South to 1900 1st Avenue South, a 4,200-square-foot repurposed Quonset hut that most recently housed the vegan restaurant Good Intentions, which closed earlier this summer after four years in business.
Pete’s plans to close its current shop for one day on Monday, October 5th, while its team moves equipment and furnishings overnight. The new location is expected to open Tuesday, October 6th.
Owner Steven Peterman said Pete’s was not actively searching for a larger space, but its current landlord planned work to the property that would have required the business to close temporarily.
The owners of the Good Intentions building, who also own Pete’s former production kitchen, reached out about the available space.