High-rise with 100 residential units proposed for downtown St. Petersburg site

The owners of the development site near the city's Sundial district may sell it to another party

Miami /
Aug.August 12, 2018 04:30 PM

Bill Edwards (Credit: Kathleen Cabble | Tampa Bay Business Journal)

Real estate investor Bill Edwards proposed a 25-story, mixed-use building in downtown St. Petersburg through a company he runs.

His company Loan Ranger Acquisitions filed an application with St. Petersburg’s municipal government to build the mixed-use high-rise.

Loan Ranger paid $1.05 million six years ago for part of the development site at 232 Second Street North, near a shopping and entertainment district called Sundial.

Attorney R. Donald Mastry, who filed the development application on behalf of Loan Ranger, told the Tampa Bay Times that the owners of the St. Petersburg site plan to sell it to another party that would develop it.

The proposed building would have 100 residences, 218 parking places and 7,000 square feet of first-floor commercial space, plus a swimming pool and other amenities on the seventh and eighth floors. Unspecified in the application is whether the residences would be condos or rental apartments.

The proposed building is the latest in a series of developments in the area around the Sundial shopping and entertainment district. Directly north of Sundial, an 11-story hotel called Galaxy is under construction.

Four years ago, Edwards sold a city block south of Sundial that is now the location of a new Hyatt Place hotel and a nearly finished 41-story condo called ONE St. Petersburg. [Tampa Bay Times] – Mike Seemuth


Related Articles

arrow_forward_ios
AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
Robert Finvarb and Abraham “Abie” Hidary with the site at 2534 North Miami Avenue (Koniver Stern Group)
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Aventura Mayor Enid Weisman (Facebook via Weisman, Getty)
Aventura votes to require HOAs to submit critical reports within 48 hours
Aventura votes to require HOAs to submit critical reports within 48 hours
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...