133-unit luxury condo project Corey Landing approved for St. Pete Beach

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133-unit luxury condo project Corey Landing approved for St. Pete Beach

The long-anticipated redevelopment of the east end of Corey Avenue in St. Pete Beach is officially moving forward.

On Tuesday evening, City Commission unanimously approved revised plans for Corey Landing, a mixed-use development led by Kolter Urban which features two eight story buildings with 133 luxury condominiums, 11,000 square feet of retail and restaurant space within a freestanding building, and a new public park.

In 2022, the city approved a separate proposal from Ram Realty Advisors, also called Corey Landing.

Ram, which exited the project in 2023, had planned a 243-unit apartment complex with more than 17,000 square feet of retail, a restaurant, office space, and a 39-slip marina.

Kolter Urban acquired the property the following year for $9.85 million and expanded the site to include two adjacent parcels not part of Ram’s plan: the former Charlie’s Transmissions property at 75 Corey Avenue and the shuttered Blue Parrott restaurant at 85 Corey Circle. Both structures have since been demolished.

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$33 million Tierra Verde Marina redevelopment revised again, could become Florida’s second-largest boat storage facility

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$33 million Tierra Verde Marina redevelopment revised again, could become Florida’s second-largest boat storage facility

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.

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Developer buys more land on Salt Creek as investment now tops $59 million

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Developer buys more land on Salt Creek as investment now tops $59 million

Clearwater-based real estate firm Prometheus Partners has once again expanded its portfolio along Salt Creek in St. Pete.

The company, which has now spent $59 million acquiring over 15 acres in recent years, quietly acquired two more industrial properties just south of downtown as part of its ongoing effort to assemble a large swath of contiguous land in the Old Southeast neighborhood.

According to property records, Prometheus purchased the 3.4-acre site at 333 16th Avenue South, the 57,000-square-foot former home of Captain’s Fine Foods, for $7.5 million on Monday.

Last Tuesday, the company acquired the 0.48-acre property at 205 15th Avenue Southeast for $2 million. The site includes a 7,000-square-foot warehouse currently occupied by Universal Stenciling and Marking Systems.

Both sites are zoned IC (Institutional Center), which is intended for public and semi-public uses such as hospitals, universities, utilities, and government facilities.

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$121 million construction loan secured for 39-acre waterfront apartment project off Gandy Boulevard

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$121 million construction loan secured for 39-acre waterfront apartment project off Gandy Boulevard

Miami-based Key International has secured a $121 million construction loan for Amara Bay Residences & Marina, a 39-acre waterfront mixed-use community rising at 12000 Gandy Boulevard in north St. Pete.

Led by ABANCA USA, a financial group headquartered in Spain, the loan will fund the ongoing construction of the project, which will include 415 luxury apartments, an 8,000-square-foot restaurant, a 150-slip marina, and a host of resort-style amenities.

“Securing this construction financing marks a significant milestone for the transformative development of Amara Bay,” said Michael Vassilaros, Chief Investment Officer at Key International. “Our vision is to create one of the most sought-after multifamily communities in the country, furthering our legacy of developing distinctive destinations around the world.”

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Real estate investor purchases another property near Salt Creek in St. Pete for $6 million

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Real estate investor purchases another property near Salt Creek in St. Pete for $6 million

Clearwater-based real estate company Prometheus Partners, which has been quietly assembling acres of contiguous property just south of downtown St. Petersburg, has acquired another site.

Through its affiliate, Prometheus Franchise Restaurant Holdings LLC, the group purchased the 24,500-square-foot warehouse at 1499 Beach Drive SE for $6 million from Cato Holdings LLC.

Built in 1959, the art deco-style building sits on 1.37 acres near Salt Creek. It currently houses the Salt Creek Arts Center, a maker space offering studios and galleries for local artists, as well as moving company Swift Moves.

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Five-story resort with waterpark and rooftop bar rejected by St. Pete Beach officials

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Five-story resort with waterpark and rooftop bar rejected by St. Pete Beach officials

A proposed resort on Gulf Boulevard in St. Pete Beach has encountered another setback after city officials rejected the plan for a second time.

The City Commission unanimously voted last Tuesday to reject a variance, density allocation, and a conditional use permit to construct a 104-unit resort on a vacant 2.76-acre strip of land between the Sand Cove Apartments and Sun Harbor Condos.

The Windward Pass Resort, led by Jack Bodziak of Bodziak/Hayes Architects, would feature a five-story, art deco-inspired building. Amenities include a waterpark with slides and a lazy river, a main pool, a sundeck with a swim-up bar, on-site restaurants, a rooftop bar, a 12-slip boat dock offering paddleboard and kayak rentals, and a 190-space parking garage.

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Tierra Verde Marina faces demolition for private boat club and expanded boat storage

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Tierra Verde Marina faces demolition for private boat club and expanded boat storage

A retail plaza, home to several local businesses, and a boat yard located just beyond the Pinellas Bayway Bridge at the entrance to Tierra Verde may be demolished to make way for a private boat club and expanded boat storage.

On Monday, Michael Coffey, Executive Vice President of Greenleaf Capital, presented a preliminary redevelopment plan for the Tierra Verde Marina, located at 100 Pinellas Bayway South, during a Tierra Verde Community Association meeting.

Tampa-based Greenleaf Capital, the real estate division of HCI Group, Inc., purchased the seven-acre marina property for $5,000,100 in 2011.

Coffey outlined a phased plan to demolish the existing facilities and construct a larger boat storage facility, a modern boat club with a new restaurant, bar, and pool, as well as upgraded landscaping, security, and additional amenities.

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Construction begins on 39-acre Waterways Apartments and Marina off Gandy Boulevard

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Construction begins on 39-acre Waterways Apartments and Marina off Gandy Boulevard

Shovels will soon hit the ground to start vertical construction on a new 470-unit multi-family development encompassing 39 acres of waterfront property overlooking Tampa Bay.

This spring, Miami-based Key International will break ground on the Waterways Apartments and Marina project at 12000 Gandy Boulevard North, located near the intersection with Snug Harbor Road. The development was approved in 2022.

Waterways Apartments and Marina, a project formerly referred to as Snug Harbor, will boast over 3,000 linear feet of prime water frontage and will feature 324 bayfront apartments and 52 rental townhomes facing a large retention pond. 

Additionally, an 8,000-square-foot yet-to-be-revealed waterfront restaurant will sit adjacent to a marina with 130 wet slips and 20 dry stack slips. The marina will be primarily used by residents and feature a small bait shop.

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