Recently recognized by The Huffington Post as "One of America's Hottest Cities to Live And Visit," St. Pete is the place to be and invest in.
The Florida city has experienced tremendous growth in the last few years. In 2018, we set a record for for total construction value in the city - $696 million – with new residential development dominating and commercial development booming. These are the active development corridors.
In the last couple of years, major investment occurred across all areas of the city – from South St. Petersburg and the Skyway Marina District to Gateway and Tyrone – setting St. Petersburg up for a
bright future.
Here is a look at some of the area's commercial and municipal projects that were completed in 2018*.
Tropicana Field Redevelopment Concept: The City of St. Petersburg and HKS Architects developed a conceptual master plan for the redevelopment of the 85-acre Tropicana Field Site. The plan was further refined to include two scenarios: one featuring a new ballpark and one excluding the ballpark. The plan includes a research facility and tech campus, entertainment options, housing opportunities, along with retail, office, hotel and conference space.
Innovation District: Immediately south of downtown, the Innovation District is a cluster of higher education, marine science, healthcare, business incubation, and media institutions. The City has been working with the Board of the St. Pete Innovation District to expand the growth and development of the area. Design of Phase 1 improvements from the Streetscape & Connectivity Plan is underway, with construction expected to begin by 2020.
Warehouse Arts District and Deuces Live Joint Action Plan: The Warehouse Arts District and the 22nd Street Deuces Live Corridor is an emerging area and one of the most culturally vibrant, historically significant areas in the city. A joint action plan for the District was completed in 2018. The plan identifies a series of prioritized projects regarding streetscape, open space, branding, wayfinding, and programing for events and public improvement investments. Design of first phase of improvements will begin in 2019 with construction anticipated to begin in 2020.
Bicycle and Pedestrian Improvement Projects: The City of St. Petersburg and Pinellas County prioritize local recreational infrastructure, with the goal of making St. Pete one of the most pedestrian and bike friendly cities in the nation. Bicycle lanes, recreational trails, sidewalks, and routes for non-motorized vehicles connect St. Pete’s neighborhoods – now totaling 120 miles.
The Bainbridge 930 Central Flats at 930 Central Avenue is a 6-story, 218-unit residential tower with 3,578 sf of retail in the EDGE District and completed in December 2018.
The former Sears store at Tyrone Square Mall was redeveloped in 2018 into a shopping complex with Dick’s Sporting Goods, Lucky’s Market, and PetSmart as anchor tenants.
Maximo Marina completed a $20 million renovation in 2018 which also included a second location for the Getaway restaurant. The investment in Maximo Marina coincides with the City-led revitalization of the Skyway Marina District. • Industrial, n Skyway Marina District l Johns Hopkins All Children’s Hospital completed its new $85 million, 225,000 sf research facility at 5th Street S and 6th Avenue. The facility employs approximately 200 faculty, educators, researchers, and physicians.
Read my next post on the exciting projects currently under development in our burgeoning city!
*Source: St. Pete Shines Development Update 2019; City of St. Petersburg
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