With lawsuit settled, Sundial courtyard plans continue

A global investment firm and the owners of the Sundial retail complex in downtown St. Petersburg have reached a cease-fire after an over-year-long legal battle.

Circuit Court Judge Thomas Ramsberger signed the settlement Wednesday. New York-based Florida 2005 Theaters LLC, an entity created by the Carlyle Group, had sought to stop courtyard renovations and prevent it from featuring a ground-level restaurant or bar.

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Inside a South St. Pete plaza’s evolving redevelopment plans

In June 2024, multiple city council members opposed offering the Sugar Hill Group 18 additional months to prove they could meet an already long-negotiated development agreement’s requirements. The deal passed.

Discussions regarding the embattled transformation of Tangerine Plaza began in 2020 under former Mayor Rick Kriseman’s administration. The underserved area of South St. Petersburg has been without a grocery store since 2017.

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