The very new and also used retail and residential project being built in St. Petersburg’s Skyway Marina District will start being built in nine months. Phillips Development and Realty closed the $70 million proposed development last month. The plans show that the developer is going to build a 300- unit multi-family apartment complex along all of the wonderful shops and restaurants.
This project is going to allow the residence of St. Petersburg to live where they play and be able to afford all of it. The nine-acre site at 34th Street South and 30th Avenue South is across the street from the global human resource management company called Ceridian. There are more than 13,000 square-feet of retail and residential that is proposed along with 100,000 square-feet of climate controlled space. Resources say that the company is in negations with several local and regional businesses.
In a press release, Phillips announced that the district is “screaming for retail luxury living and involvement from the St. Petersburg art scene.” The company is planning on creating a mural, which is going to be located at the entrance of the Skyway Marina District. There is going to be an entertainment area, which will have a lazy river, volleyball courts, and beach dining.
St. Petersburg adopted the Skyway Marina District in 2015; their goal was to add affordable housing and retail to the entire site, which seems to have been the prime redevelopment opportunity. The city supports Phillip’s development and thinks that it will help compliment the overall city’s vision.
The city has committed to 1.6 million dollars for improvements to the district for signage, landscaping, pedestrian lighting, and bus shelters. The city is planning another 1 million dollar improvement to the site that is adjacent to the new complex. This site will now have a Skyway Trail, pedestrian and bike greenway trail that connects with Maximo Park and Pinellas Trail.
This will be Phillip’s first venture in St. Petersburg, the firm does have many well known extensive residential and commercial projects in North Carolina and has completed Visconti at International Plaza, here in Tampa.
For more information please contact me, Teresa Williams at info@prosperareatly.com I would love to speak more with you about this new project!
