12-story luxury condo tower to rise in St. Pete’s 67-acre Marina Bay waterfront community
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A new luxury condominium tower will be developed on the Pinellas Bayway, marking the final major development within Marina Bay, a 67-acre gated waterfront community adjacent to Eckerd College and southwest of the Skyway Marina District in St. Petersburg.
Marina Bay developer Reza Yazdani plans to submit plans in early October to the City of St. Pete for the Marina Bay Residence, a 12-story condominium tower featuring panoramic views of Boca Ciega Bay and the Gulf of Mexico.
The $120 million project will include 96 residential units, two levels of parking, and a suite of upscale amenities.
Since acquiring the initial Marina Bay property from Eckerd College in 2003, Yazdani has transformed the site into a premier coastal residential enclave featuring a deep-water marina and 187 homes, including single-family residences, villas, and condominiums located along almost 2,000 feet of the Intracoastal Waterway.
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Contrary to recent reports, Jannus Live, the iconic open-air concert venue in downtown St. Petersburg, is not for sale and will continue operating, according to the property's owner.
The confusion began when a two-story, 10,500-square-foot commercial building at 200 1st Avenue North, immediately north of the courtyard music venue, was listed for sale for $11.5 million.
Although the two properties share a longstanding connection, they have separate owners.
The building listed for sale is owned by The Jannus Landing Retail Building, LLC, associated with local businessman Jeff Knight, while the courtyard concert venue is owned by St. Pete Jannus, LLC, led by Tony Amico.
"Jannus music venue is not for sale and will continue to operate," Amico said in a conversation with St. Pete Rising. “There may be a short pause due to a change of operators, but the music will continue.”
The distinction comes after several local publications reported that Jannus Live was being sold, raising concerns about the future of the courtyard that has hosted concerts in downtown St. Pete since 1984.