St. Petersburg Area Economic Development Corporation PRESENTED TO THE FLORIDA GULFCOAST COMMERCIAL ASSOCIATION OF REA LTORS OCTOBER 19, 2017
City Demographics 15,000 more Population: Median Age: residents since 268,768 41.8 the 2010 Census / Downtown Cost of Living Population: Index: 94 9,980 (Sources: 2016 BEBR Population Estimate, 2014 ACS 5-Year Estimates, Council for Community & Economic Research)
Just the Facts St. Petersburg Permits: Average Household Median Household 28,873 Income: Income: Construction Value: $64,335 $45,483 $654,677,009 (Source: City of St. Petersburg, FY16 Data)
Downtown Development
400 Central • Purchased by New York Developer, Red Apple Group for $16.5M in April 2017 • The two-acre 400-block lot, which is currently vacant, is expected to house a 41-story residential building, office, hotel, retail or other mixed-used space. It would be among the tallest skyscrapers in the area. • Construction is expected to begin in about one year 200 Central • At 386 feet, the Priatek Plaza is Pinellas County’s tallest office building • The tower is 76 percent leased with several large blocks of contiguous space, the largest of which is 30,000 sq. ft. • Purchased by Third Lake Capital for $65.75M in June 2017 • Third Lake has retained Cushman & Wakefield of Florida Inc. to lease and manage the tower. • Space is listed between $28 and $32 per square foot
Rowdies • 2 nd Oldest Professional Sports Brand in Florida • Millions of Dollars Spent Renovating Al Lang. Future Improvements to Accommodate nearly 20,000 fans when the team enters MLS • Growing Attendance. Last Three Games of the Season were sell out Crowds (7,000) • Rowdies Council has 150+ Members Representing Support from the Business Community • Tampa Bay has a Larger Media Market than many current MLS teams and larger than nearly all other 11 teams vying for the four open slots that MLS will announce (two on Dec. 2 and two within 12 months)
New Museums Museum of the Arts and Crafts Movement • Largest museum in Tampa Bay • $70 million privately funded museum that will occupy 172,000 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. James Museum of Western & Wildlife Art • Opening early 2018 • Significant renovated office and retail space in addition to the artwork • At 84,000 square feet, the museum, when completed will include over 30,000 square feet of gallery space. The second floor gallery alone will include more than 400 pieces of art.
Tropicana Field • Redevelopment plan by HKS Architects selected out of 15 submittal proposals • Plan includes turning the 86-acre site into a mixed-use destination district that will feature housing, office buildings, retail spaces, public parks and plazas, and even a research and tech campus • The plan emphasizes using key transportation corridors for expanded public transit, including the future Bus Rapid Transit lined planned for First Avenues North and South connecting to the downtown ferry service set to launch this November • Future Amazon HQ2
Tropicana Field Master Plan
Innovation District Johns Hopkins All Children’s Hospital’s New State -of-the-Art Simulation Center • Enables training in a realistic clinical environment on high-risk or emergency situations and promotes the open exchange of knowledge and findings • Located in the heart of the Innovation District • Approximately 225,000 square feet including seven floors, 250-seat auditorium, simulation lab and flexible spaces. • Construction set to be complete in 2018 • Economic Impact: Estimated 300 construction jobs, 30 new highly skilled jobs, and 200 faculty, educators, researchers, physicians, nurses & support staff will be housed in the new building • Led by Jennifer Arnold, MD, M.Sc., FAAP, and star of TLC's "Little Couple" “We are building a scientific community for the next generation.” -Dr. Jonathan Ellen, President & Physician-in-Chief, JHAC
St. Pete Pier • Funding approved and construction underway with a combined $80M budget. Groundbreaking held June 2017. • The Pier approach connects the Pier to the downtown business core (Beach Drive and Bayshore Boulevard) and its boundaries follow the waterfront from the Vinoy to Pioneer Park • Points of interest include a restaurant/ event space, education center and wet classroom, fishing decks, pavilion and signature art element • Pier Construction Completed September 2018, Pier Approach Completed December 2018, Ribbon Cutting early December 2019 • Newstpetepier.com
Downtown Waterfront Master Plan • 7 miles of downtown waterfront parkland from Coffee Pot Park to Lassing Park • 5 Themes of the Plan • Adopted on June 2015
Skyway Marina District • District Vision: Vertical development, Mixed-use, Additional residents, Increase in daily population, Additional tourists, Enhanced transportation, Unique streetscape, Strong sense of place, Sustainable development • 10 minutes from downtown. 10 minutes from the beaches. • $70M multi-use Phillips Development Project at the intersection of 30 th Avenue South & 34 th Street South that will include 296 apartments, self-storage facility, retail space and two restaurants • $20M remodel of Maximo Marina that will accommodate 88 vessels within inside storage racks and 200 vessels outside • The Getaway will open a second location at the marina, 12,000- 13,000 sq. ft., costing over $1M and will employ nearly 40 people
Gateway District • Home to the region’s top employers including Raymond James Financial, Home Shopping Network, and Jabil. • The Gateway area supports more than 2,700 businesses and 60,000 employees • Highly accessible to regional transportation assets including two international airports, three seaports, four bridges, and six major roadways. Businesses have access to a large and talented workforce population of over 712,000 within a 30-minute drive time. • Major Projects: Power Design, Jabil, FedEx, Gandy Corridor, Gateway Express, Echelon City Center and Raymond James
Gateway Development ◦ Gateway Expressway - $545M project creating two new 4-lane elevated tolled roadways connecting I-275, US 19, and the Bayside Bridge ◦ Construction beginning early 2018 ◦ Complete late 2021 ◦ Gandy Blvd widening and new interchanges are nearly complete and will be finished by year end ◦ Ulmerton Road widening between 49 th St N and 38 th St N will be complete early 2018 ◦ 1-800Accountant recently opened an office in Carillon and will employ 200 people ◦ Jabil remodeling 69,000 sq. ft. building at 10001 16 th St N as a new R&D lab for wearable technology
Sunshine City Accolades Top 25 Best Towns in America Best Cities for Young Professionals -Outside Magazine, 2017 -Forbes , 2017 America’s Hottest City Top Five Metros for Job Growth -Huffington Post, 2016 - Bureau of Labor Statistics , 2017 Best Place to Live #8 on America’s Fastest Growing Cities - Southern Living Magazine , 2017 - Forbes , 2017 #1 Arts Destination for Mid-Size Cities Skip Miami, Try St Pete - AmericanStyle Magazine , 2017 - Travel + Leisure , 2017
Stay Connected @StPeteEDC J.P. DuBuque, President St. Petersburg Area Economic Development Corporation jpdubuque@stpeteedc.com 727.388.2906 StPeteEDC.com
Thank You
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