The Tampa Bay Rays and global real estate firm Hines are vying to flip a parking lot property across from Tropicana Field into a new affordable housing complex, as part of their promise to create economic equity within the $6.5 billion redevelopment of the Historic Gas Plant District.
Through a to-be-formed joint venture between the Rays and Hines, the partners have submitted a proposal to the City of St. Petersburg to enter a 99-year ground lease for the property at 1659 3rd Ave. S.
|