Cathie Wood's ARK Invest to move headquarters to EDGE District in downtown St. Pete

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Cathie Wood's ARK Invest to move headquarters to EDGE District in downtown St. Pete

ARK Invest, a leading global investment firm known for its focus on disruptive innovation, will relocate its downtown St. Pete headquarters to the EDGE District.

Tampa-based Ellison Development announced Wednesday that ARK Invest, which is currently headquartered at 200 Central Avenue, will occupy 13,000 square feet on the 11th floor of Halcyon, a new office building expected to break ground later this year at 1301 Central Avenue.

Halcyon represents the first Class A office building constructed in downtown St. Pete since the 1980s.

The 11-story, 130,000-square-foot office building is one of the main components of The Central, a 2.1-acre mixed-use development that will also contain a 168-room Marriott Autograph Collection hotel, 14,000 square feet of retail space, a 42-unit affordable housing community, and a newly opened 540-space parking garage.

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$27 million penthouse sale at Waldorf Astoria Residences in downtown St. Pete shatters Tampa Bay condo record

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$27 million penthouse sale at Waldorf Astoria Residences in downtown St. Pete shatters Tampa Bay condo record

A local business leader has purchased a two-story penthouse atop the planned 50-story Waldorf Astoria Residences tower in downtown St. Petersburg for $27 million.

Planned for 150 2nd Avenue South, the Waldorf Astoria Residences will be the city’s tallest building and the first five-star branded condo tower in St. Petersburg. The project will include 163 condominiums, 73,000 square feet of Class A office space, 10,000 square feet of ground-floor retail, and a wide range of luxury amenities.

The sale of the 11,000-square-foot rooftop unit has shattered the record for the most expensive condominium ever sold in the Tampa Bay area.

The previous high in St. Pete was an $8.25 million penthouse at Saltaire, located next to the proposed Waldorf Astoria tower in downtown St. Pete, which sold in 2024. In Tampa, the record is an $11.6 million penthouse at the Ritz-Carlton Residences, sold in 2021.

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New townhomes and office HQ proposed alongside expanded preservation in north St. Pete

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New townhomes and office HQ proposed alongside expanded preservation in north St. Pete

Three wooded lots in north St. Pete's Gateway area, currently vacant and littered with debris, may soon become expanded and maintained preservation grounds alongside a local office building and a new residential development.

The noncontiguous sites, purchased by St. Pete-based general contracting firm Lema Construction in February for $400,000, are located on the northeast side of 4th Street North and Gandy Boulevard.

The properties are surrounded by commercial and multifamily developments, including the assisted living facility Aventura Bay Place, the Winn-Dixie-anchored Bayview Shopping Plaza, and a site slated for future townhomes.

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Seven-story Frontier building set for major transformation in downtown St. Pete

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Seven-story Frontier building set for major transformation in downtown St. Pete

After sitting underutilized for years, the windowless Frontier building at 821 1st Avenue North is finally set to see new life.

Plans have been filed with the City of St. Petersburg to redevelop the seven-story, 233,590-square-foot office and data center, which is partially leased by Frontier Communications. The proposed redevelopment includes 41,333 square feet of ground-floor retail space, 137,663 square feet of self-storage, and 54,594 square feet of office space.

Originally constructed in 1928 by the General Telephone Company of Florida, the building was expanded in 1967 and 1970. It remains a key part of St. Petersburg's internet infrastructure, housing extensive fiber optic cable, switch rooms, frame rooms, and generators as large as jet engines.

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HSN has listed its 65-acre property in north St. Pete

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HSN has listed its 65-acre property in north St. Pete

Spanning nearly 65 acres in Pinellas County and surrounded by some of the region’s largest employers, the long-time campus of the Home Shopping Network (HSN) is now officially on the market.

Commercial real estate firm CBRE is marketing the property at 2501 118th Avenue North for an undisclosed price. Zoned for commercial use, the site includes over 487,000 square feet of office and industrial space across nine buildings, developed between 1984 and 1994.

The listing follows a major announcement from HSN’s parent company, Qurate Retail Group, which is consolidating HSN and QVC operations into its Studio Park headquarters in West Chester, Pennsylvania.

As part of the move, Qurate will shutter the 369,000-square-foot St. Pete campus—its home for the past 47 years—and eliminate 730 local jobs beginning in late May.

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Exclusive: Foot Locker signs 110,000-square-foot lease for global headquarters in north St. Pete

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Exclusive: Foot Locker signs 110,000-square-foot lease for global headquarters in north St. Pete

Global athletic retailer Foot Locker has secured space for its new worldwide headquarters in St. Petersburg, a move that is expected to create 150 high-paying jobs.

The New York-based company has signed a lease for 110,000 square feet at 570 Carillon Parkway in the Carillon Business Park, multiple sources confirmed to St. Pete Rising.

The company will be located on the 1st, 3rd, and 4th floor, occupying space previously leased to Protect My Car and Tata Consulting Services.

According to previous documents, the company plans to lease the office space for 11 to 13 years.

Other tenants in the 250,000-square-foot building include Zelis Payments, Condominium Associates, D&A Services, LLC, American Coastal Insurance, and Monopoly Group Real Estate.

Built in 1998, the Class A office building at 570 Carillon was acquired by The Feil Organization in 2019 for $36.8 million. The building features an on-site café, fitness center, and FedEx drop box, and has recently undergone extensive renovations to its lobby and common areas.

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Multi-million-dollar renovation completed for 12-story City Center office tower in downtown St. Pete

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Multi-million-dollar renovation completed for 12-story City Center office tower in downtown St. Pete

The 12-story City Center office tower in downtown St. Petersburg has a fresh, modern look following a multi-million-dollar renovation.

The 242,115-square-foot Class A office building at 100 2nd Avenue South now features a contemporary atrium lobby, upgraded amenities, and state-of-the-art facilities.

The building, owned by Feldman Equities and its joint venture partners City Office REIT Inc. and Tower Realty Partners, has officially completed its renovation. This week, the owners unveiled a first look at the upgraded amenities and modernized features.

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Century-old Playhouse Theatre to be demolished for redevelopment in the Grand Central District

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Century-old Playhouse Theatre to be demolished for redevelopment in the Grand Central District

Boarded-up windows and crumbling stucco line the exterior of the former Playhouse Theatre—a once-thriving venue for the latest Hollywood movies and traveling performers.

The long-vacant, 100-year-old theater at 1850 Central Avenue may soon be demolished to make way for a new development featuring office space and retail.

The site is located next to an Interstate 275 overpass and adjacent to the Trails Crossing development, a proposed linear park featuring public art and event spaces that is being studied for the area under I-275.

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Inside the 2025 Downtown Development Guide: Grappling with growth amid market headwinds

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Inside the 2025 Downtown Development Guide: Grappling with growth amid market headwinds

New zoning changes, the sweeping rise of commercial and residential development, and the promise of revitalizing neighborhoods are molding the ever-evolving identity of the Sunshine City.

This Tuesday, the St. Petersburg Downtown Partnership released its 2025 Downtown St. Pete Development Guide, an annual resource tool providing a snapshot of the latest economic and commercial activity to encourage public and private stakeholders to spur healthy growth in the area.

"The data, trends, and projects on the horizon really comprise the blueprint for how we continue to grow with purpose, intention, and resilience," Mayor Ken Welch said during the Partnership's Development Summit hosted at the new EDGE Collective office building next to the Moxy Hotel.

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$200 million mixed-use project The Central takes shape on Central Avenue in downtown St. Pete

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$200 million mixed-use project The Central takes shape on Central Avenue in downtown St. Pete

The long-awaited mixed-use development in the heart of St. Pete's EDGE District has hit a construction milestone.

Tampa-based Ellison Development is set to cut the ribbon next month, celebrating the completion of a 531-space parking garage at 1301 Central Avenue, a component of The Central development, a 2.1-acre redevelopment of the old St. Pete Police headquarters that will feature a hotel, a trophy office building, retail, workforce housing, and more.  

The project, which broke ground in February 2024, sits directly across the street from Ferg's Sports Bar and Grill and is near The Edge Collective development, a planned live-work-and-play destination anchored by the newly opened Moxy Hotel.

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