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Weekly Updates

 

02/05/07 St. Petersburg Developments Among Area’s Largest

 

According to a recent analysis by the Tampa Bay Business Journal, six of the seven-county area’s twenty-five largest construction projects for 2006, ranked by construction cost, were built in St. Petersburg, including three of the Top Five.  In total, these projects – ranging from high-tech industrial to first-class luxury living – represent $275-million in investment in the city, and the creation and retention of numerous jobs.  This magnitude of investment is a testament to the attractiveness of the St. Petersburg market to investors and business owners.

 

The projects (and their rank among the top 25) are:

 

·         Parkshore Plaza  (1)   

 

·         Progress Energy Florida Office Building (2)

 

·         Valpak Direct Marketing (5)

 

·         Halkey-Roberts (18)

 

·         Mahaffey Theater (23)

 

·         Mangrove Cay Condominiums (24)

 

Whether residential or commercial, industrial or retail, Gateway or Downtown or Midtown, these projects exemplify the attractiveness of St. Petersburg as a great place to live, work and play. 

 

For more information on development in St. Petersburg contact Sophia Sorolis, Economic Development Manager, at 727-893-7100.

 

 

 

 

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