It is not hard to see that this city is growing, rapidly. At almost every corner downtown there’s a new building popping up! Here’s some good news: The number of permits issued, permit revenue, & construction value have all increased from a year ago reflecting the feeling that many residents and visitors have – there’s a lot going on in St. Petersburg! To date in Fiscal Year 2016, there has been $3,234,025 in total revenue to the city. In comparison to this time last year, which saw $2,663,413 in total revenue, this is a 21.42% increase. That is good news for my boss and to the citizens of St. Petersburg! So what can you expect to see in the near future of our beautiful city?
Restaurants: It is nearly impossible to keep up with all of the new restaurants opening in this city. We saw 18 new restaurants open from February to June of 2015. And now, in Spring 2016, we are expecting 9 more new restaurants! And that doesn’t include the more than 30+ opening in the Tampa Bay Area. This city is a foodie paradise! Be on the look out for the following openings: Wooden Rooster, Central Melt, Urban Creamery, Bavaro’s Pizza Napoletana & Pastaria, Hawkers St. Pete, Pei Wei, Burger Monger, and Fresh Kitchen/Daily Eats. YUMMY!
Apartments/Condos: Everyone wants to live in St. Pete! With the influx of new citizens, the city is accommodating with new apartment buildings and condominiums! For example, Aspen Venture Group has begun pre-construction sales for 801 Conway, a 35-unit townhome project at 801 Burlington Ave. just west of Mirror Lake. Prices start in the high $200,000s for two- and three-bedroom units ranging from 1,330 to 2,463 square feet. Kolter Group, based in West Palm Beach, recently broke ground and began construction on “ONE St. Petersburg,” a 41-story condo tower in downtown. The tower will hold 253 units, making it the largest condo tower in St. Pete, so far.
Hotels: St. Petersburg has been on several national lists this year! It’s no wonder why so many people are vacationing in our city. So, to accommodate these tourists, new hotels are popping up all over the Tampa Bay Area. Treasure Island Beach Resort (Ocean Properties), the new 77-room hotel with its sweeping, unobstructed views of the Gulf of Mexico, a unique restaurant with a craft cocktail-inspired bar and one-bedroom and two-bedroom units that include kitchens. The new resort, which sits on a 1.5-acre lot, is the first new hotel development to open on Treasure Island in about a decade. Although this next one is technically not located in St. Petersburg, it is still a massive addition to our area. Opal Sands Resort recently opened in Clearwater Beach. The 25,000 sq. ft. hotel includes 230 guest rooms and suites, which are ALL oceanfront, with private balconies offering spectacular views of the Gulf.
So if you are planning your next vacation, or next city to live in, you might want to consider the beautiful and budding city of St. Petersburg, Fl!