St Pete Rising - Everything new and coming soon to St. Pete

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.

Nearly three acres of vacant property along Salt Creek may become a lush park space with landscaping, public art, and educational components.

During a Committee of the Whole meeting held on January 23rd, committee members unanimously approved moving forward on pursuing the acquisition of a property located on 4th Street South between 17th Avenue South and 18th Avenue South.

The property comprises 1.7 acres zoned Corridor Commercial Traditional (CCT-1) fronting on 4th Street South and 1.26 acres zoned Neighborhood Suburban Multi-Family (NSM-1).

The city is seeking to purchase the property at or below the asking price of $2.9 million.

The property was appraised in July 2024 with an estimated market value of $2.88 million.