St. Petersburg Area Economic Development Corporation PRESENTED TO - - PowerPoint PPT Presentation

• St. Petersburg Area Economic Development Corporation

PRESENTED TO THE FLORIDA GULFCOAST COMMERCIAL ASSOCIATION OF REA LTORS OCTOBER 19, 2017

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City Demographics

Population: 268,768 Median Age: 41.8 15,000 more residents since the 2010 Census Downtown Population: 9,980 Cost of Living Index: 94

(Sources: 2016 BEBR Population Estimate, 2014 ACS 5-Year Estimates, Council for Community & Economic Research)

Just the Facts

Average Household Income: $64,335 Median Household Income: $45,483

• St. Petersburg Permits:

28,873 Construction Value: $654,677,009

(Source: City of St. Petersburg, FY16 Data)

Downtown Development

400 Central

• Purchased by New York Developer, Red Apple Group

for $16.5M in April 2017

• The two-acre 400-block lot, which is currently vacant,

is expected to house a 41-story residential building,

• ffice, hotel, retail or other mixed-used space. It

would be among the tallest skyscrapers in the area.

• Construction is expected to begin in about one year
• At 386 feet, the Priatek Plaza is Pinellas County’s

tallest office building

• The tower is 76 percent leased with several large

blocks of contiguous space, the largest of which is 30,000 sq. ft.

• Purchased by Third Lake Capital for $65.75M in June

2017

• Third Lake has retained Cushman & Wakefield of

Florida Inc. to lease and manage the tower.

• Space is listed between $28 and $32 per square foot

200 Central

Rowdies

• 2nd Oldest Professional Sports Brand in

Florida

• Millions of Dollars Spent Renovating Al Lang.

Future Improvements to Accommodate nearly 20,000 fans when the team enters MLS

• Growing Attendance. Last Three Games of

the Season were sell out Crowds (7,000)

• Rowdies Council has 150+ Members

Representing Support from the Business Community

• Tampa Bay has a Larger Media Market than

many current MLS teams and larger than nearly all other 11 teams vying for the four

• pen slots that MLS will announce (two on
• Dec. 2 and two within 12 months)

New Museums

Museum of the Arts and Crafts Movement

• Largest museum in Tampa Bay
• $70 million privately funded museum that will occupy 172,000 square feet

and stand 5 stories tall

• The museum will include a 100-seat auditorium, a resource library, a

children's education center, a 300-seat upscale restaurant, a cafe, retail store and event space. The expected opening date is May 2019.

James Museum of Western & Wildlife Art

• Opening early 2018
• Significant renovated office and retail space in addition to the artwork
• At 84,000 square feet, the museum, when completed will include over

30,000 square feet of gallery space. The second floor gallery alone will include more than 400 pieces of art.

Tropicana Field

• Redevelopment plan by HKS Architects selected out of 15 submittal

proposals

• Plan includes turning the 86-acre site into a mixed-use destination

district that will feature housing, office buildings, retail spaces, public parks and plazas, and even a research and tech campus

• The plan emphasizes using key transportation corridors for expanded

public transit, including the future Bus Rapid Transit lined planned for First Avenues North and South connecting to the downtown ferry service set to launch this November

• Future Amazon HQ2

Tropicana Field Master Plan

Innovation District

Johns Hopkins All Children’s Hospital’s New State-of-the-Art Simulation Center

• Enables training in a realistic clinical environment on high-risk or emergency

situations and promotes the open exchange of knowledge and findings

• Located in the heart of the Innovation District
• Approximately 225,000 square feet including seven floors, 250-seat

auditorium, simulation lab and flexible spaces.

• Construction set to be complete in 2018
• Economic Impact: Estimated 300 construction jobs, 30 new highly skilled

jobs, and 200 faculty, educators, researchers, physicians, nurses & support staff will be housed in the new building

• Led by Jennifer Arnold, MD, M.Sc., FAAP, and star of TLC's "Little Couple"

“We are building a scientific community for the next generation.”

• Dr. Jonathan Ellen, President & Physician-in-Chief, JHAC

• St. Pete Pier
• Funding approved and construction underway

with a combined $80M budget. Groundbreaking held June 2017.

• The Pier approach connects the Pier to the

downtown business core (Beach Drive and Bayshore Boulevard) and its boundaries follow the waterfront from the Vinoy to Pioneer Park

• Points of interest include a restaurant/ event

space, education center and wet classroom, fishing decks, pavilion and signature art element

• Pier Construction Completed September 2018,

Pier Approach Completed December 2018, Ribbon Cutting early December 2019

• Newstpetepier.com

Downtown Waterfront Master Plan

• 7 miles of downtown waterfront parkland from Coffee Pot

Park to Lassing Park

• 5 Themes of the Plan
• Adopted on June 2015

Skyway Marina District

• District Vision: Vertical development, Mixed-use, Additional

residents, Increase in daily population, Additional tourists, Enhanced transportation, Unique streetscape, Strong sense of place, Sustainable development

• 10 minutes from downtown. 10 minutes from the beaches.
• $70M multi-use Phillips Development Project at the intersection
• f 30th Avenue South & 34th Street South that will include 296

apartments, self-storage facility, retail space and two restaurants

• $20M remodel of Maximo Marina that will accommodate 88

vessels within inside storage racks and 200 vessels outside

• The Getaway will open a second location at the marina, 12,000-

13,000 sq. ft., costing over $1M and will employ nearly 40 people

Gateway District

• Home to the region’s top employers including

Raymond James Financial, Home Shopping Network, and Jabil.

• The Gateway area supports more than 2,700

businesses and 60,000 employees

• Highly accessible to regional transportation

assets including two international airports, three seaports, four bridges, and six major

• roadways. Businesses have access to a large

and talented workforce population of over 712,000 within a 30-minute drive time.

• Major Projects: Power Design, Jabil, FedEx,

Gandy Corridor, Gateway Express, Echelon City Center and Raymond James

Gateway Development

• Gateway Expressway - $545M project creating two new 4-lane

elevated tolled roadways connecting I-275, US 19, and the Bayside Bridge

• Construction beginning early 2018
• Complete late 2021
• Gandy Blvd widening and new interchanges are nearly

complete and will be finished by year end

• Ulmerton Road widening between 49th St N and 38th St N will

be complete early 2018

• 1-800Accountant recently opened an office in Carillon and will

employ 200 people

• Jabil remodeling 69,000 sq. ft. building at 10001 16th St N as a

new R&D lab for wearable technology

Sunshine City Accolades

Top 25 Best Towns in America

• Outside Magazine, 2017

America’s Hottest City

• Huffington Post, 2016

Best Place to Live

• Southern Living Magazine, 2017

#1 Arts Destination for Mid-Size Cities

• AmericanStyle Magazine, 2017

Best Cities for Young Professionals

• Forbes, 2017

Top Five Metros for Job Growth

• Bureau of Labor Statistics, 2017

#8 on America’s Fastest Growing Cities

• Forbes, 2017

Skip Miami, Try St Pete

• Travel + Leisure, 2017

Stay Connected

J.P. DuBuque, President

• St. Petersburg Area Economic Development

Corporation jpdubuque@stpeteedc.com 727.388.2906 StPeteEDC.com

@StPeteEDC

Thank You