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Seven ideas to transform the Edge District
Mayor Rick Kriseman has on his desk seven plans to transform the old St. Petersburg Police headquarters site.
Each of the proposals submitted last week envisions a mixed-use project with office and retail space. Most, but not all, have a housing component, and some of them include hotels.
Kriseman will recommend one of the plans for consideration by the City Council. Whichever plan is picked will be transformative for the Edge District, the area bounded by 1st Avenues North and South and by Dr. Martin Luther King Jr. and 16th Streets.
Here are the choices:
1301 Central Avenue LLC
Developer: 1301 Central Avenue LLC
Managing members: John Stadler, Bob Glaser
Office: 51,000 square feet
Retail/restaurant: 20,000 square feet
Hotel: 42,000 square feet
Workforce housing apartments: 50
Market rate apartments: 220
Development budget: $125.4 million
Permanent jobs: 475
Parking spaces: 700
Unique feature: 53-key boutique hotel
Altis Cardinal
Developer: Altis Cardinal LLC
Founders and principals: Frank Guerra, Alberto Suarez
Office: 123,700 square feet
Retail/restaurant: 40,700 square feet
Apartments: 250
Workforce housing: 5% of total apartment
Development budget: $115 million
Permanent jobs: 938
Parking spaces: 700
Unique features: Coworking/incubator space; food hall; artist studio; bicycle parking
Edge Central Development Partners
Developer: Edge Central Development Partners
Partners: Jay Miller, Bowen Arnold, Will Conroy, Craig Sher
Office: 77,000 square feet
Retail/restaurant: 20,500 square feet
Workforce apartments: 104
Market rate condos: 40
Parking spaces: 500
Development budget: $70.4 million
Permanent jobs: 399
Unique feature: New civic plaza, living green wall
Harrod Properties
Developer: Harrod Properties, Harrod Healthcare Real Estate
Office: 80,000 square feet, medical office building
Retail/restaurant: 19,000 square feet
Hotel: 65,000 square feet
Parking spaces: 580
Multifamily housing: 0
Permanent jobs: 254-284
Development budget: $59.4 million
Unique feature: Primary tenant for medical office is a multi-specialty women’s health services provider
Midtown Real Estate
Developer: Midtown Real Estate
Principals: Dan Harvey, Sean Williams
Office: 150,000 square feet
Retail: 50,000 square feet
Living units: 180
Parking spaces: 500
Permanent jobs: did not disclose
Development budget: $40 million-$50 million Phase 1, $100 million-$120 million, Phase 2
MIlhaus Development
Developer: Milhaus Development
CEO: Tadd Miller
Office/cowork: 60,000 square feet
Retail/gallery: 27,000 square feet
Apartments: 200
Workforce and affordable housing: 15 units
Hotel: 85 rooms
Parking spaces: 625
Permanent jobs: 167
Development budget: $99.3 million
Unique feature: Two outdoor plazas along Central Avenue and 13th Street
Waverly Capital
Developer: Waverly Capital
Co-founders: Jugal Taneja, managing member; Fazal Fazlin, CEO
Office: 100,000 square feet
Retail: 25,000-30,000 square feet
Housing: none
Parking spaces: 700
Permanent jobs: 350
Project cost: $36.5 million-$43.3 million
Unique feature: Potential office tenants include biotech, pharma and construction companies
Barbara Schnipper
May 17, 2019at3:51 pm
A few years ago, I dreamed of moving from Tarpon Springs to St. Petersburg, but real estate became so pricey, I settled in Safety Harbor, an easy trip from St. Pete. I am delighted that The Edge district is being settled (maybe the Warehouse District next?), so that people who are not millionaires can afford to have a decent life in that area.
I love St. Petersburg and visit there every weekend (sometimes twice), but I hope that planners will remember that average people like St. Pete’s culture just as much as millionaires like it.
Thank you for considering my comments.