Seven-story affordable apartment building for seniors proposed for city-owned lot in downtown St. Pete

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Seven-story affordable apartment building for seniors proposed for city-owned lot in downtown St. Pete

The City of St. Pete has received another offer to redevelop part of the Historic Gas Plant District in downtown St. Pete.

The Pinellas County Housing Authority (PCHA) has submitted an unsolicited proposal to purchase and redevelop a city-owned parking lot at 1659 3rd Avenue South into an 80-unit affordable housing building for seniors.

In 2023, the Rays and Hines submitted a nearly identical proposal for the same site.

The property, which sits adjacent to the recently completed Modera St. Petersburg apartment tower, has been historically used as parking for Tampa Bay Rays games.

In an October 8th offer letter to the city, PCHA Executive Director Neil Brickfield detailed plans for a seven-story building designed by St. Pete-based Storyn Studio for Architecture in partnership with local developer Ascension Real Estate Partners.

The proposal calls for the City to convey the land to PCHA so it can utilize the Affordable Housing Voucher Program to ensure long-term affordability.

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Massive $6.8 billion redevelopment of the Tropicana Field site proposed by group of local leaders

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Massive $6.8 billion redevelopment of the Tropicana Field site proposed by group of local leaders

A trio of well-known business leaders have submitted a proposal to purchase and redevelop 95.5 acres of downtown St. Petersburg, including the Historic Gas Plant District.

Casey Ellison, CEO of Ellison Companies;Cathie Wood, the founder of global investment firm ARK Invest; and Jonathan Graham, President of Horus Construction are behind the effort. Baker Barrios would serve as the master planner architect.

The group submitted a 98-page unsolicited proposal to the City of St. Petersburg this morning outlining a $6.8 billion vision for a new mixed-use district anchored by innovation, housing, cultural institutions, and world-class event venues.

The project would be built in four phases over the next 17 years and will include flexibility to accommodate the Tampa Bay Rays should the team remain beyond 2028.

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Cathie Wood's ARK Invest to move headquarters to EDGE District in downtown St. Pete

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Cathie Wood's ARK Invest to move headquarters to EDGE District in downtown St. Pete

ARK Invest, a leading global investment firm known for its focus on disruptive innovation, will relocate its downtown St. Pete headquarters to the EDGE District.

Tampa-based Ellison Development announced Wednesday that ARK Invest, which is currently headquartered at 200 Central Avenue, will occupy 13,000 square feet on the 11th floor of Halcyon, a new office building expected to break ground later this year at 1301 Central Avenue.

Halcyon represents the first Class A office building constructed in downtown St. Pete since the 1980s.

The 11-story, 130,000-square-foot office building is one of the main components of The Central, a 2.1-acre mixed-use development that will also contain a 168-room Marriott Autograph Collection hotel, 14,000 square feet of retail space, a 42-unit affordable housing community, and a newly opened 540-space parking garage.

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