Treasure Island
REAL ESTATE
Done Deals: St. Pete apartments sell for over $61M, New downtown restaurant and bar prepares for debut, Hilton hotel sells
Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel. Have real estate news to share? Send us an email at hello@stpeterising.com. The...
Property tax rates to decline amid soaring values
St. Petersburg property owners now hold $35.26 billion in taxable value. That will ensure a 10.43% increase in ad valorem revenue despite a fourth consecutive rate cut. A historic vote allowing the Tampa Bay Rays and Hines to oversee a $6.7 billion mega-project was not the only item on Thursday’s city council agenda. Mayor Ken Welch’s administration also proposed a 6.45% millage rate – the percentage used to calculate property taxes – in fiscal year 2025.
St. Pete Developer Seeks Zoning for 371-Unit Rental Community
Paradise Ventures hopes the city of St. Petersburg will approve a rezoning request to tear down two office buildings and build 371 apartment units with some ground-floor retail space. The 3.24-acre project is slated to be built at 4115 W. Spruce St. and 4107 W. Spruce. The office building at 4115 W. Spruce St. is home to Five Labs, a conference and educational space for the healthcare industry. The Five Labs location is 16,000 square feet.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.