Salt Creek Development Site

3.44 Acres l SB-102 Midrise Multifamily or Mixed-Use Redevelopment Site l Near Downtown St. Pete

• The subject site is roughly 3.4 acres with the ability to add an additional assemblage parcel on the SW corner which would bring the total footprint to 4.12 acres. The site offers developers the opportunity to develop a host of uses including industrial, medical, cultural, educational, marine, commercial, residential or a compatible mix of uses near downtown St. Petersburg which is one of the most dynamic urban submarkets in the Tampa Bay region if not the state of Florida
• The site is zoned ‘Institutional Center’ with a vacant industrial use and is a prime redevelopment candidate through SB-102 (Live Local Act) which will provide for a streamlined multifamily or mixed-use rezoning process. Midrise densities of 75 - 100 units per acre would be achievable and rents in downtown St. Pete are $3.00 - 3.50/psf for like-kind product
• The subject lies within the Bayboro Harbour Community Redevelopment District (CRD) which is an area of focus for the City of St. Petersburg. It is also just outside of the Activity Center special overlay district which will make a multifamily rezoning more probable through SB-102 / Live Local Act
• The site is just 3 blocks south of the new ARK Innovation Center, NOAA Fisheries Southeast Headquarters and the Poynter Institute and 8 blocks south of USF St. Petersburg, Bayfront Health hospital and Johns Hopkins All Children’s Hospital which was rated the #1 children’s hospital in Florida according to the 2024-2025 US News & World Report survey. Combined these institutions anchor more than 8,500 white-collar jobs in downtown St. Petersburg