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Attracting a grocer to the Coquina Key Plaza redevelopment is an outstanding change! This plan will likely be beneficial, particularly given that the area has been identified as needing a grocer. This need is further highlighted by the fact that many of the grocery stores in the Coquina Key area of St. Petersburg, FL, are smaller establishments and convenience stores rather than full-service grocery stores. The closest grocery stores in the area include Snax Food Store, MLK Food Store, Food Max, and others, most of which are within a 1.5 to 2.5-mile radius and do not offer the same variety or volume of products as a larger grocery store. A full-service grocery store could provide several benefits to the local community: 1. Access to Fresh Food: Larger grocers usually offer a wider variety of fresh produce, meats, and dairy products, which are essential for a healthy diet. 2. Convenience: A local full-service grocery store would reduce the need for residents to travel further for their shopping needs, especially for those without transportation. 3. Economic Impact: A grocery store can create local jobs and stimulate economic activity in the area. 4. Community Hub: Large grocery stores often become community hubs where residents can meet and socialize. If a grocer does not sign on, other types of retailers or service providers that could potentially occupy the space might include pharmacies, medical clinics, fitness centers, or specialty stores, offering different but still valuable services to the community. Bottom line…this area is a food desert. The lack of easy access to fresh, healthy, and affordable food, further underscores the importance of a grocery store in the redevelopment plan.
What's Happening in #Tampa / #StPete: St. Pete-based developer Stoneweg is adjusting its plans to transform their Coquina Key Plaza in south St. Petersburg from #Retail to #Multifamily! Stoneweg, which purchased the 14.5-acre plaza at 4350 6th Street South in 2022 for $8.9 million, is modifying the layout of the $124 million development to deliver the project in phases. The previous plan, approved in July 2022, called for the construction of four separate residential buildings containing 465 apartments and more than 20,000 square feet of new retail space in front of the residences. Stoneweg hopes to begin construction this year. The first phase is expected to wrap construction 12-15 months after construction commences. The development team includes BDG Architects and Osborn Engineering. https://lnkd.in/eQG5mm8f St. Pete Rising Denise Kelly, CEcD, AICP #tampa #stpete #tamparealestate #stpeterealestate Veronica Brezina
