A Tampa-based developer has refined its plans to transform the aging seven-acre Tierra Verde Marina property, adding new public amenities and retail while addressing concerns from nearby residents.

Since the proposal was first introduced in March, Greenleaf Capital has made several key revisions to its $33 million, two-phase redevelopment at 100 Pinellas Bayway South.

The project, which was originally slated to go before St. Pete’s Development Review Commission (DRC) in October, has been rescheduled to December to accommodate additional design and a traffic analysis.

One of the community’s main concerns was losing the existing retail space at the marina. In response, the developer has added 2,400 square feet of new retail space to the latest plan, which could be divided into up to three storefronts and will be included in Phase 1 of construction.

A developer has revised its plans to redevelop a prominent seven-acre property on Tierra Verde, but many residents believe the project is still not in the city’s best interest.

Tampa-based Greenleaf Capital, the real estate division of HCI Group Inc., is seeking approval from the City of St. Petersburg to transform the Tierra Verde Marina at 100 Pinellas Bayway South into a modern boat club with expanded amenities.

The goal, according to the developer, is to revitalize the island’s waterfront entryway.

The marina currently has 64 wet slips, 314 high-and-dry racks within a 58,000-square-foot storage complex, a 24,000-square-foot shopping center, and a gas station.

The $32.7 million redevelopment calls for demolishing the retail plaza and marina facilities to make way for a larger storage facility and private boat club with a restaurant, bar, and pool.

Greenleaf Capital acquired the site in 2011 for $5 million, three years after 28 acres of Tierra Verde, including the marina, were annexed by St. Petersburg.

The company is also seeking a 15-foot height bonus to build a nine-story, 90-foot-tall storage facility.