Development Site in Downtown St. Petersburg Offered for Sale

JLL is pleased to offer the sale of the Mirror Lake Downtown St. Petersburg high-rise site, a premier land site adjacent to Mirror Lake park located in the heart of Downtown St. Petersburg. The ±0.92-acre site not only provides an exclusive location in Downtown, but is best positioned for a premier multifamily development with 285 entitled units and building permits approved.

With a boasting walk score of 96, this premier Downtown site is located just 0.3 miles from St. Petersburg‘s Central Avenue, a major thoroughfare with abundant entertainment, restaurants, and nightlife that directly connects Downtown to St. Petersburg Beach (ranked #1 in the U.S. by TripAdvisor). The site is also within a 12-minute walking distance to major attractions such as the St. Pete Pier, the area‘s newest and nationally recognized waterfront attraction, and Tropicana Field, which recently announced it will anchor within the 86-acre Historic Gas Plant masterplan redevelopment as the home for the MLB‘s Tampa Bay Rays. 
Downtown St. Petersburg is a diverse and thriving commercial market. From high-tech startups to corporate headquarters, the area is home to 4.2M sq. ft. of office space (28,000 employees & 2,818 businesses). Moreover, St. Petersburg‘s growing reputation as a cultural hub further enhances the desirability of commercial real estate in the market. Additionally, the 442 3rd Avenue N site offers convenient access to the metro‘s major employment hubs, such as the Gateway Business District, which is home to the region‘s top employers, including Raymond James Financial, Home Shopping Network, and Jabil, supporting more than 2,700 businesses and 60,000 employees. The site is also within a 25-minute drivetime of Downtown Tampa and the Westshore Business District, home to nearly 170,000 combined employees and over 30M sq. ft. of office space.

Photo: JLL

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