St Petersburg Business News
BUSINESS NEWS
St. Petersburg Begins Transformative Affordable Housing Project
News Summary St. Petersburg has officially launched the Sky Town development, a groundbreaking housing project set to deliver 121 affordable units in the Skyway Marina District. City officials and development...
Key International Secures $121 Million Construction Loan
News Summary Key International has secured a $121 million construction loan for its Amara Bay Residences & Marina project in St. Petersburg, Florida. This waterfront community will feature 415 high-end...
Highline Hospitality Partners Acquires Hilton St. Petersburg Carillon Park
News Summary Highline Hospitality Partners has announced its acquisition of the Hilton St. Petersburg Carillon Park, marking its first investment in Florida. This strategic acquisition is set to enhance the...
Florida Trust Wealth Management Expands to St. Petersburg
News Summary Florida Trust Wealth Management, formerly known as Tampa Bay Trust Company, is opening a new office in St. Petersburg. Located at City Center, this office aims to provide...
Datz Restaurant Closes Its St. Petersburg Location
News Summary After 16 years of serving the Tampa Bay area, Datz has permanently closed its St. Petersburg location. The announcement reflects the end of a beloved establishment known for...
YMCA of Greater St. Petersburg Appoints New CEO
News Summary The YMCA of Greater St. Petersburg has announced the appointment of Nicci Bucher as their new Chief Executive Officer, set to take over in November. Bucher, who has...
Tampa Proposes $6.8 Billion Redevelopment for Historic Gas Plant District
News Summary Tampa Mayor Ken Welch is evaluating a $6.8 billion redevelopment plan for the Historic Gas Plant District, submitted by ARK Ellison Horus LLC. The project seeks to transform...
New Affordable Housing Project Heritage Grove in St. Petersburg
News Summary St. Petersburg is launching the Heritage Grove project at the site of the Deuces landmark. Developed by Green Mills Group, it will feature 54 income-restricted apartments and retail...
Palladium Theater in St. Petersburg to Undergo Major Renovation
News Summary The Palladium Theater at St. Petersburg College will receive a $13 million renovation to enhance its performance capabilities. Approved funding of $2.5 million from Pinellas County completes the...
Finance
Florida Trust Wealth Management Expands to St. Petersburg
News Summary Florida Trust Wealth Management, formerly known as Tampa Bay Trust Company, is opening a new office in St. Petersburg. Located at City Center, this office aims to provide...
BayFirst Financial Exits SBA Lending Business
News Summary BayFirst Financial has announced its exit from the SBA lending business, selling a portfolio of $103 million in SBA 7(a) loans to Banesco USA. This decision aims to...
Anchorage Declared Hardest-Working City in America
News Summary WalletHub has identified Anchorage, Alaska, as the hardest-working city in America based on extensive analysis. The ranking considers metrics such as employment rates, average work hours, and community...
Superior Group Reports Strong Second Quarter Earnings
News Summary Superior Group of Companies, Inc. (SGC) announced a second-quarter net income of $1.6 million, outperforming analysts’ expectations significantly. The company’s total revenue reached $144 million, driven by a...
Florida’s Real Estate Market Thrives Amid Global Interest
News Summary Florida remains a top destination for international real estate buyers, with foreign investments growing to $56 billion, a 33% increase from the previous year. The state’s appealing climate...
Tampa Bay Rays Reach Milestone in Ownership Transition
News Summary U.S. Air Force Senior Airman Cole O’Connor threw the first pitch for the Tampa Bay Rays as the team nears a $1.7 billion sale led by Patrick Zalupski....
Tampa Bay Rays Engage in Exclusive Sale Discussions
News Summary The Tampa Bay Rays are in exclusive talks with a Florida investment group regarding the potential sale of the MLB team. This development arises in the aftermath of...
Renovation of Edward White Hospital to Provide Affordable Senior Housing in St. Petersburg
News Summary The former Edward White Hospital in St. Petersburg is being transformed into 71 units of affordable housing for seniors. This project also aims to include a community health...
Florida Funders Partners with Dragonfly Operating Partners
News Summary Florida Funders has announced a partnership with Dragonfly Operating Partners to provide operational support for over 100 early-stage portfolio companies. This collaboration aims to boost growth through tailored...
CONSTRUCTION
St. Petersburg Begins Transformative Affordable Housing Project
News Summary St. Petersburg has officially launched the Sky Town development, a groundbreaking housing project set to deliver 121 affordable units in the Skyway Marina District. City officials and development...
Key International Secures $121 Million Construction Loan
News Summary Key International has secured a $121 million construction loan for its Amara Bay Residences & Marina project in St. Petersburg, Florida. This waterfront community will feature 415 high-end...
Tibbetts Lumber Co. Opens New Facility in Pensacola
News Summary Tibbetts Lumber Co. has unveiled plans for a new facility in Pensacola, Florida, slated for grand opening on September 19. This expansion includes the acquisition of the D&M...
St. Petersburg’s Record-Breaking $27 Million Penthouse Sale
News Summary The real estate market in St. Petersburg has been marked by a historic sale at the Waldorf Astoria Residences, with a penthouse selling for $27 million. This transaction...
St. Petersburg Invests $8 Billion in Urban Renewal and Resiliency
News Summary St. Petersburg, Florida, is embarking on a significant $8 billion investment in urban renewal, focusing on key projects like the redevelopment of the Historic Gas Plant District and...
Settlement Reached for Sundial Renovations in St. Petersburg
News Summary A legal dispute over the Sundial retail complex in downtown St. Petersburg has been resolved, allowing for planned renovations and new tenants. The agreement, endorsed by Circuit Court...
St. Petersburg to Convert Edward White Hospital into Affordable Senior Housing
News Summary The St. Petersburg Housing Authority plans to transform the closed Edward White Hospital into a six-story affordable senior living community, featuring 71 dedicated units. Construction will begin in...
Phoenix Group Contractors Expands Services in St. Petersburg
News Summary Phoenix Group Contractors, a licensed construction company, is expanding its services to include property maintenance and bathroom remodeling in St. Petersburg. This growth aims to better serve residential...
St. Petersburg Approves Major Redevelopment Projects
News Summary St. Petersburg’s city council has greenlit two significant redevelopment initiatives, including a new 16-story hotel and a $225 million residential and commercial complex with 824 apartments. This development...
Marketing
Duke Energy Florida Completes New Storm Staging Site
News Summary Duke Energy Florida has completed the Ulmerton Storm Staging Site to enhance storm response efficiency, replacing temporary sites. This initiative aims to improve power restoration speed for storm-affected...
Allegiant Air Launches New Nonstop Route from St. Petersburg to Huntsville
News Summary Allegiant Air has announced a new nonstop route connecting St. Petersburg, Florida, and Huntsville, Alabama, starting on March 5, 2026. One-way fares will begin at $39, making it...
Noryane’s Studio Salon Expands to St. Petersburg
News Summary Norayne Simkins, a Milwaukee native, has opened her second Noryane’s Studio Salon in St. Petersburg, Florida, marking an important milestone in her career. Following the success of her...
Zambuki Expands to St. Petersburg with New SEO Office
News Summary Zambuki has launched a new office in St. Petersburg, enhancing its service offerings to local businesses seeking effective SEO strategies. This expansion responds to increasing demand for digital...
St. Petersburg Set for Major Port Redevelopment
News Summary The Port of St. Petersburg is embarking on its first major redevelopment in 26 years, outlined in a new master plan. This comprehensive project will revitalize the port’s...
Community Foundation Tampa Bay Awards Over $2.2 Million to Nonprofits
News Summary The Community Foundation Tampa Bay has awarded more than $2.2 million to 84 nonprofit projects addressing pressing community needs, focusing on areas like economic opportunity and health. The...
Three Forks Wood Reclamation Preserves D-Day History
News Summary Three Forks Wood Reclamation, a veteran-owned business in St. Petersburg, has reclaimed historic wood from significant D-Day sites in Normandy. Founded by Christopher Kelley and Christian Knutzen, the...
Grand Opening of 5801 Print House in St. Petersburg
News Summary 5801 Print House will celebrate the grand opening of its warehouse and retail space on June 8 in St. Petersburg’s Warehouse Arts District. The event will feature carnival...
Waldorf Astoria Residences to Tower Over St. Petersburg
News Summary St. Petersburg will soon introduce its tallest structure, the Waldorf Astoria Residences, stretching 539 feet. With 163 luxury condominiums priced from $2.5 million, this $500 million project will...
Real Estate
St. Petersburg Begins Transformative Affordable Housing Project
News Summary St. Petersburg has officially launched the Sky Town development, a groundbreaking housing project set to deliver 121 affordable units in the Skyway Marina District. City officials and development...
Key International Secures $121 Million Construction Loan
News Summary Key International has secured a $121 million construction loan for its Amara Bay Residences & Marina project in St. Petersburg, Florida. This waterfront community will feature 415 high-end...
Florida Trust Wealth Management Expands to St. Petersburg
News Summary Florida Trust Wealth Management, formerly known as Tampa Bay Trust Company, is opening a new office in St. Petersburg. Located at City Center, this office aims to provide...
Tampa Proposes $6.8 Billion Redevelopment for Historic Gas Plant District
News Summary Tampa Mayor Ken Welch is evaluating a $6.8 billion redevelopment plan for the Historic Gas Plant District, submitted by ARK Ellison Horus LLC. The project seeks to transform...
New Affordable Housing Project Heritage Grove in St. Petersburg
News Summary St. Petersburg is launching the Heritage Grove project at the site of the Deuces landmark. Developed by Green Mills Group, it will feature 54 income-restricted apartments and retail...
Damon Greene Launches Exclusive Buyer Representation for Townhomes
News Summary Damon Greene, The Iconic Agent, introduces exclusive buyer representation for new townhomes at the Towns at Union in St. Petersburg. This initiative aims to assist interested buyers in...
Smith Seckman Reid Acquires George F. Young in St. Petersburg
News Summary Nashville’s Smith Seckman Reid, Inc. has acquired St. Petersburg’s George F. Young, Inc., increasing its service reach. Established in 1919, George F. Young is respected for its engineering...
Transformative Redevelopment Proposal for St. Petersburg
News Summary St. Petersburg is set to undergo a significant transformation with a $6.8 billion redevelopment proposal by ARK Ellison Horus, LLC, after the Tampa Bay Rays’ ownership change. This...
St. Petersburg Businesses Propose $6.8 Billion Revitalization
News Summary Local businesses in St. Petersburg are advocating for a $6.8 billion development project in the historic Gas Plant District. This plan aims to revitalize the area while addressing...