St. Petersburg Mayor Selects Tampa Bay Rays and Hines Team for Historic Gas Plant District Redevelopment

City of St. Petersburg Mayor Ken Welch announced that he has selected the team of the Tampa Bay Rays and Hines, a global real estate development and investment firm, to redevelop downtown St. Petersburg’s Historic Gas Plant District. The Hines-Rays proposal includes over 5,700 multi-family housing units, 1.4 million square feet of office space, 300,000 square feet of retail space, 700 hotel rooms, 600 senior living residences, a 2,500-person entertainment venue and various civic uses along with a new “state-of-the-art” ballpark for the Rays. Spanning 86 acres nestled in the middle of St. Pete, with one of the most vibrant and walkable communities in the nation, the Historic Gas Plant District (formally known as the Tropicana Field site) represents an opportunity unlike any other in the Southeast. The site is currently occupied by Tropicana Field, home of the Tampa Bay Rays major league baseball team. The Rays’ lease with the city expires in 2027.  Proposals for re-development were required to include plans with a new baseball stadium and call for residential units, to include affordable housing, office space, retail space and green space.  The Rays Hines team was one of four groups that submitted proposals, the other groups are Sugar Hill Partners, 50 Plus 1 Sports, and Restoration Associates.

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