Home of the Week: A 1938-built home in St. Pete's enchanting Driftwood neighborhood

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Home of the Week: A 1938-built home in St. Pete's enchanting Driftwood neighborhood

A 1938-built home nestled in the heart of the enchanting Driftwood neighborhood is St. Pete Rising’s Home of the Week.

Located at 2521 Driftwood Road SE, this 2,400-square-foot residence offers an unparalleled living experience in Driftwood, one of St. Petersburg’s most sought-after neighborhoods located on Big Bayou just south of 22nd Avenue South.

This Minimal Traditional home with English Traditional Vernacular influences was designed by nationally renowned artist Mark Dixon Dodd and prominent local architect Archie Parish, whom both crafted 19 homes in Driftwood between the 1930s and 1940s.

The home boasts three bedrooms, each with a renovated ensuite bath, as well as high vaulted ceilings and wide-plank oak flooring that enhance its airy ambiance.

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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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144-unit affordable apartment community proposed for Largo

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144-unit affordable apartment community proposed for Largo

A Santa Monica, CA-based developer plans to convert a vacant site in Largo's Pinellas Groves community into a 144-unit affordable apartment complex.

Named Olea on 126, the project will include three four-story residential buildings at 6727 126th Avenue North, with units designated for residents earning between 40% and 80% of the area median income (AMI).

The community will offer surface parking and amenities such as a clubhouse, park area, and covered patio.

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Inside Blake Investment Group's $260 million cash offer for the Tropicana Field site

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Inside Blake Investment Group's $260 million cash offer for the Tropicana Field site

After decades of debate and negotiations for the redevelopment of the Gas Plant District and securing the future home of the Rays, the deal with the team is no longer on the table, but one local developer is ready to sign a big check to make the long-awaited grand vision a reality.

Investor Thompson Whitney Blake, CEO of private equity firm Blake Investment Partners, is offering the City of St. Petersburg $260 million in an all-cash deal to buy the Gas Plant District following the Tampa Bay Rays' abrupt announcement of abandoning the $1.3 billion stadium agreement.

"My entire strategy is to get public support for a sale of the property and let the private market fix this 86-acre parking lot problem. I don't want to wait any longer," Blake said in a conversation with St. Pete Rising.

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304-unit apartment complex in Largo to convert into affordable housing

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304-unit apartment complex in Largo to convert into affordable housing

The Oasis at Bayside apartment complex in Largo will undergo an extensive renovation to convert the units to affordable housing and update the aging amenities.

Washington, DC-based multifamily investor Gravel Road Partners and Bridge Investment Group, an investment company headquartered in Salt Lake City, Utah, purchased the 304-unit property at 305 Glades Circle on March 12th for $42.25 million.

Berkadia Senior Managing Director Jason Stanton represented the seller, Latitude Management Real Estate Investors of Beverly Hills, California, in the transaction.

The new owners are partnering with Pinellas County to renovate the 1974-built property and dedicate 258 units for tenants earning 50% to 80% of the Area Median Income (AMI). Currently the property has no affordability requirements.

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