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.

A tropical-themed restaurant and bar with French and Asian influences will debut inside St. Pete’s SkyBeach Marina and Resort.

Located at 6800 Sunshine Skyway Lane South, just beyond the Sunshine Skyway Bridge, SouthSeas Tapas will honor the property's history as the former Outrigger Inn—a beloved 1960s retreat known for its Polynesian dining, lush décor, exotic cocktails, and Hawaiian-inspired performances.

"While researching the former Outrigger Inn, we stumbled upon vintage advertisements and promotional materials for the hotel's restaurant, including a vintage cocktail menu. These served as our inspiration for SouthSeas Tapas, including how we decided to name the restaurant," said Executive Chef of SkyBeach Hotel and Marina Chef Tom Legg.