Global sailing race will make St. Pete its North American stop in 2027
/St. Pete is set to take center stage on the global sailing circuit.
The Ocean Race, widely considered one of the toughest professional sporting events in the world, will make its first-ever Gulf Coast stop in 2027, with downtown St. Petersburg serving as the North American host for a new transatlantic leg of the race.
The announcement is a major win for the area, which will bring an internationally recognized event to the St. Petersburg Yacht Club and the University of South Florida St. Petersburg waterfront.
The 15th edition of The Ocean Race will begin in Alicante, Spain on Sunday, January 17th, 2027, sending a fleet of IMOCA 60-foot sailboats on a 14,000-nautical-mile opening leg to Auckland, New Zealand.
From there, teams will head to Itajaí, Brazil before arriving in downtown St. Pete for a scheduled stopover from May 4th through May 16th, 2027.
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Construction is underway on Azalea Cay, a planned 1,000-unit apartment community on the former Raytheon property in west St. Pete.
Tampa-based Metro Development Group, St. Pete-based Porter Development, and local elected officials broke ground Monday morning on the first phase of the project at 1501 72nd Street North, near Azalea Park and Tyrone Square Mall.
The $109.8 million first phase will bring 341 apartments, including 102 income-restricted homes.
Fifty-one apartments will be reserved for households earning up to 80% of the area median income (AMI), while another 51 will be available to households earning up to 120% of AMI.
“I look around and I envision someday teachers, nurses, first responders coming home from a tough day at work and calling Azalea Cay home,” Les Porter, president of Porter Development, said during the ceremony. “Maybe one of the big reasons why they’re still able to live in St. Pete is because of the rent associated with their apartment.”
The remaining 239 apartments will rent at market rate. The income-restricted units must remain affordable for at least 50 years.