Developer files plans to build industrial buildings, multifamily units on large Jabil property
October 7, 2021 - Greystar Development East LLC, a subsidiary of South Carolina-based Greystar Real Estate Partners, has filed a stormwater application pertaining to the development of 675,000 square feet of industrial space and 412 multifamily units on a site that Jabil Inc. owns. St. Pete-based manufacturing giant Jabil is under contract to sell more than 93 acres of the land, which it once was considering as the location for its HQ, to Greystar. The land is on the northwest corner of the Gandy Boulevard and Interstate I-275 interchange. The proposed industrial project will be the largest industrial development Pinellas County has seen in some time. The developer estimates that the industrial project will result in at least 3,300 jobs, according to city documents. Greystar would be able to develop up to 500 multi-family units on the site with the requirement that 20% of the units would be dedicated to workforce housing restricted to those making under 120% of the area median income.