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Certified General Appraiser | Commercial Real Estate Expert

What's Happening in #Tampa / #StPete: After years of retooling plans for a 29-acre vacant industrial property in west St. Petersburg! Landowner Porter Development LLC, headed by Les Porter, and joint venture partners Falcone Group and Metro Development Group, have submitted funding requests to the City of St. Petersburg and Pinellas County for the project now called Azalea Gateway, a proposed mixed-income multifamily project at 1501 72nd Street North, the former home of Raytheon Technologies. The development group is requesting a $4.9 million contribution from the City of St. Petersburg and $9.9 million from Pinellas County’s Penny for Pinellas funds to help construct phase one of the project. According to the submitted funding requests, Porter Development expects to break ground in early 2025. Construction of the first phase is estimated to cost roughly $104.58 million. https://lnkd.in/eQaRGGQK #stpeterealestate #construction #redevelopment #development #apartments #multifamily #realestate St. Pete Rising Veronica Brezina Anthony Close

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