Feldman Equities & Property Markets Group Present Huge Development Project For St. Pete

By Jay Wittner May 7, 2020

Feldman Equities of Tampa and New York’s Property Markets Group, supported by KW Commercial Tampa Bay have submitted a stunning $500 million development proposal to the City of St. Petersburg.  The aging Municipal Services Center at Central and 4th Street in downtown St. Pete would be replaced with a 400+ foot tower containing 150,000 square feet of office space, 400 condos, and about 900 parking spaces.

A new facility would be built to house the city offices two blocks from their current location.  That building would be about 180 feet tall containing 120,000 square feet of office space, 220 condos, and about 500 parking spaces.

The project’s design was created by Gensler, one of the world’s premier architecture firms with offices in 50 cities in North America, Europe, and Asia.  The project would be the largest in St. Pete’s history and boost our economy for decades to come.

It’s anticipated that given the scope of the project that the city will take a few months to evaluate the various proposals that have been submitted.  Other firms include Allen Morris, BLAKE Investment Partners, and Echelon/Third Lake Capital.