Gas Plant District redevelopment teams bolster partnerships ahead of proposal deadline
/Prominent local developers competing to lead the redevelopment of the Gas Plant District in St. Pete are expanding their teams.
On January 4th, Mayor Ken Welch opened a 30-day window inviting developers and interested parties to submit proposals, following the receipt of an unsolicited proposal in October 2025 from ARK Ellison Horus.
Since then, investor Thompson Whitney Blake of Blake Investment Partners has announced he is also submitting a proposal.
ARK Ellison Horus and Blake are currently the only developers to publicly signal their intent to submit bids for the site, although additional proposals could still be submitted before the February 3rd deadline.
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More than six years after the Wagon Wheel Flea Market closed its doors, plans are taking shape to redevelop the sprawling property that was once home to one of Pinellas County's most popular weekend shopping destinations.
Pinellas Park-based Belleair Development Group is under contract to purchase approximately 156 acres at 7801 Park Boulevard North, where the Wagon Wheel and Mustang flea markets operated for more than five decades before closing in 2020.
Christian Yepes, owner of Belleair Development Group alongside his father, Carlos Yepes, confirmed the company is exploring options for a mixed-use development that could bring residential and commercial uses to the largely vacant property.
“We are extremely grateful for the opportunity to develop such a landmark in Pinellas County. We are currently in the midst of due diligence and are exploring mixed-use development options at the site,” Yepes said in a conversation with St. Pete Rising.
The property is currently owned by the family of Hardy Huntley, who founded the Wagon Wheel Flea Market with his wife, Janet, in the 1960s.