Foundation construction begins on 46-story mixed-use tower in downtown St. Pete
Construction has officially begun on the foundation for The Residences at 400 Central, a 46-story mixed-use tower in downtown St. Petersburg. Initial site work and underground testing have been completed on the property. The tower is expected to be the tallest residential building on the west coast of Florida. It will feature 1.3 million square feet of interior space and include 301 condominiums, a rooftop observatory, retail, restaurants and Class A office space. John Catsimatidis Sr., founder…Original Article
Tom Brady's backup is putting down roots in Tampa.
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.