The Biggest News of the Day
/If there's one thing for certain it's that Downtown St.Petersburg is booming. Almost daily there seems to be news of new construction or new restaurants or someone doing something big. The transformation seen in Downtown St.Pete over the past decade is almost unbelievable and it hasn't stopped. With all the development going on, someone has to argue: What does it take to be considered the biggest news of the day in Downtown St.Petersburg?
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Demolition work has begun at the former Tampa Bay Times building at 490 1st Avenue South in downtown St. Petersburg, nearly two years after a construction crane collapsed into the property during Hurricane Milton.
Crews are currently completing interior, non-structural demolition and asbestos abatement, according to City of St. Petersburg permit records.
The eight-story, 240,000-square-foot complex consists of three buildings, with the original structure built in 1924 and additions completed in 1968 and 1988.
Naples-based Stock Development purchased the former Times building in June for $18 million.
The developer plans to redevelop the site with a high-rise condominium tower that could also include ground-floor commercial space and offices.