Developer Jack Dougherty closes on Skyway Marina Mall properties

Prominent local developer Jack Dougherty has closed on the site of the former shopping mall in the Skyway Marina District, where his mixed-use projects will rise. 

Dougherty, the owner of Allied Group Holdings, purchased several parcels from California-based Maximo Plaza Inc., according to deeds published this week. Dougherty plans to build an apartment complex, dubbed Marina Beach, on the site of the 112,000-square-foot South St. Petersburg mall located on the southwest corner of 34th Street South and 42nd Avenue. 

The mall, last used as an indoor flea market, closed its doors on Feb. 13 in anticipation of the sale. The building will be demolished for the new mixed-use redevelopment. 

Dougherty purchased the five properties from Maximo Plaza Inc. for over $10 million. 

Dougherty also took out an $11.3 million mortgage loan under the entity the Marine Club Storage LLC, according to public records. Since 2019, Dougherty’s company has paid more than $25 million to acquire the surrounding properties, including the new purchases. 

Dougherty previously received city approval to develop the Marina Beach apartment building, a 2,400-square-foot bank, a fast-casual restaurant and a 95,000-square-foot LifeStorage facility at the site. 

An aerial rendering of what the proposed development would look like surrounded by the adjacent properties.  

The proposed bank with a drive-thru will be on the northeast corner of the property. The self-storage building will be located along the southern side, and the proposed restaurant will be situated between the bank and self-storage building. 

Dougherty’s Allied Group is also planning to build an eight-story, 154-unit senior living community on two parcels that made up the southern and middle half of the mall.

The Allied Group is also the team behind Marina Walk, a 245-unit waterfront apartment complex underway on the site of the former Flamingo Resort.