Developer clears hurdle for $105M block redevelopment in St. Pete
The Dallas-based developer wants to redevelop an entire block along Central Avenue in St. Petersburg.
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The Dallas-based developer wants to redevelop an entire block along Central Avenue in St. Petersburg.
St. Petersburg has a housing shortage, and this project will add almost 250 residential units to the urban core.
The project is being proposed on some of the last available vacant land on Clearwater Beach.
U.S. home prices continued their 127-month run of consecutive annual gains in August, but they slowed for the fourth straight month.
Developer Stoneweg US says 20% of the units will be dedicated to workforce housing.
The townhomes will have a mix of two- to three-bedrooms.
BayFirst Financial is laying off 58 employees in connection with the dissolution of its nationwide residential mortgage lending business, according to a letter filed with the Florida Department of Economic Opportunity. Over half of those employees worked remotely and reported to the division’s headquarters office in Clearwater, which will continue to serve as a local retail banking center with commercial and consumer lending, a spokesperson told the Tampa Bay Business Journal. The St. Petersburg-based…
Hurricane Ian is likely to place further strain on the shortage of building materials and construction labor in Florida.
Early estimates of damages to insured property put Ian only behind Hurricane Katrina in costliness.
Aerial photos showing seemingly random destruction in Ian's wake — a house still standing next to one that was washed off its foundation — can largely be attributed to construction codes that changed after Hurricane Andrew, real estate executives in Southwest Florida told the Tampa Bay Business Journal.
