This quarter was packed full of groundbreakings! After over a decade of planning, construction has finally commenced on the new St. Pete pier. Construction crews have started driving piles into Tampa Bay to support the over-water portion of the pier. It will take 6 months to complete the pile driving process, however construction on the pier deck is scheduled to begin as early as October.
In other groundbreaking news, located on Fourth Avenue North between Third and Fourth streets, the Museum of the American Arts of Crafts Movement site was fenced off this quarter for site preparation. The $70 million privately funded museum will occupy 137,000 square feet and stand 5 stories tall. The museum will include a 100-seat auditorium, a resource library, a children's education center, a 300-seat upscale restaurant, a cafe, retail store and event space. The expected opening date is May 2019.
The fourth quarter of 2016 saw an enormous amount of progress on many of Downtown St. Pete's active developments. The demolition of the "cheese grater" building at 400 Central Ave concluded. The Rowdies launched an official campaign to join the MLS, which included an expanded Al Lang Stadium. A new site plan was approved for 801 Central, which now includes a 15 and 7-story apartment building and ground-level retail.
Also, a few projects broke ground including Bainbridge 930 Central Flats, and retail along 1st Ave S that will house an Orangetheory Fitness and a yet-to-be-determined restaurant.
Additionally, AER Apartments and The Hermitage Apartment Homes started leasing, which helped to relieve the extremely low apartment occupancy rates that Downtown St. Pete has grown accustomed to over the past few years.
Looking to the future, we should see the groundbreaking of a few notable projects this coming quarter including The Brownstones, 801 Conway, The District on 9th, and the Museum of the American Arts and Crafts Movement.
Lastly, be sure to check out Downtown St. Pete's first, second, and third quarter development updates of 2016 to see how your favorite projects have progressed!
Downtown St. Pete has experienced an overabundance of construction over the past three months. It's nearly impossible to walk through downtown and not run into a construction site. For starters, the demolition of the "cheese grater" building at 400 Central Ave begun. In the EDGE District, The District on 9th townhouses were announced and the site of Bainbridge 930 Central Flats started to undergo site preparation in anticipation for new apartments and retail. Also, The Chihuly Collection completed their move from Beach Drive to 720 Central Ave. We cannot wait for these projects to be complete, but for now we hope you enjoy this quarter's photo update!
As Icon Residential wraps up construction on The Arlington, a 40-unit townhouse community on 8th St. N, plans for another residential development emerge. Situated just one block away on the corner of 9th St. N. and Arlington Ave., The District on 9th will bring 34 new townhouses to the burgeoning EDGE District of Downtown St. Pete.
“Demand for our high quality fee-simple townhouse product is on such high demand under a $500k price point and the Arlington unit sales were so strong that we decided to jump on the opportunity to acquire the 1 acre site on 9th St and develop another boutique townhouse community,” said Icon Residential partner Mike Bednarski.
Did you know American Freedom Distillery will include a spacious 10,000 square foot restaurant when they open in early 2018?! 😲😄Located at 2233 5th Ave South, America Neat Grill and Whiskey House takes influence from the legendary spirits made by American Freedom Distillery and focuses on the stunning wood-fired grill -- the menu features American staples with elevated unique twists, offering pairings with the spirits. 🥃🍸
Rattle N Hum, a beer bar from NYC, is opening soon on the Jannus block in Downtown St Pete. Located at 29 3rd St N (formerly Cask and Ale). Craft beer, craft cocktails, and fine food. 🍻🍔 #StPeteRising
Detroit Liquors is rebranding, expanding and moving to an adjacent corner. Jannus Market — Opening soon at the corner of 1st Ave N and 2nd St N in Downtown St Pete (right outside the entrance to Jannus Live). A proper convenience store! 👌😁 #StPeteRising