St Petersburg Business News
BUSINESS NEWS
St. Petersburg to Invite Redevelopment Proposals for Gas Plant District
News Summary St. Petersburg is set to begin a 30-day proposal invitation for redeveloping the Historic Gas Plant District in mid-November. Following requests for an extension from developers, this process...
St. Petersburg Seeks Proposals for Historic Gas Plant Redevelopment
News Summary City officials in St. Petersburg are inviting new proposals for redeveloping the Historic Gas Plant District, an area recently promoted by the Tampa Bay Rays. As innovative ideas...
St. Petersburg Welcomes The Book Lounge for Book Lovers
News Summary The Book Lounge, a new haven for book enthusiasts, is set to open in St. Petersburg with a ribbon-cutting ceremony scheduled for November 7. Co-owned by mother-daughter duo...
St. Petersburg City Council Approves ULI Study for Historic Gas Plant District
News Summary The St. Petersburg City Council has unanimously approved the hiring of the Urban Land Institute to assess development opportunities in the Historic Gas Plant District. Initiated by Council...
San Francisco Hotel Market Sees Strong Recovery
News Summary San Francisco’s hotel industry is experiencing substantial growth, highlighted by a 10.2% increase in occupancy, 68.1% rise in average daily rates, and an 85.3% boost in revenue per...
Excelsior University Opens New Learning Site in St. Petersburg
News Summary Excelsior University has launched its first standalone on-ground learning site in St. Petersburg, Florida, offering in-person education for hybrid degree programs. The facility is set to enroll students...
St. Petersburg to Initiate Redevelopment Proposals for Historic Gas Plant District
News Summary St. Petersburg, FL, is set to start accepting redevelopment proposals for the Historic Gas Plant District after the Tampa Bay Rays abandoned their $1.3 billion stadium project. The...
Pinellas County Housing Authority Proposes Senior Housing in St. Petersburg
News Summary The Pinellas County Housing Authority has proposed a seven-story mid-rise housing development aimed at providing affordable living options for seniors in St. Petersburg. The plan includes 80 residences...
USF Institute of Applied Engineering Expands to ARK Innovation Center
News Summary The USF Institute of Applied Engineering has opened a new location at the ARK Innovation Center in St. Petersburg, aiming to support local entrepreneurs in defense and technology....
Finance
San Francisco Hotel Market Sees Strong Recovery
News Summary San Francisco’s hotel industry is experiencing substantial growth, highlighted by a 10.2% increase in occupancy, 68.1% rise in average daily rates, and an 85.3% boost in revenue per...
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...
CONSTRUCTION
St. Petersburg to Initiate Redevelopment Proposals for Historic Gas Plant District
News Summary St. Petersburg, FL, is set to start accepting redevelopment proposals for the Historic Gas Plant District after the Tampa Bay Rays abandoned their $1.3 billion stadium project. The...
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...
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 to Invite Redevelopment Proposals for Gas Plant District
News Summary St. Petersburg is set to begin a 30-day proposal invitation for redeveloping the Historic Gas Plant District in mid-November. Following requests for an extension from developers, this process...
St. Petersburg Seeks Proposals for Historic Gas Plant Redevelopment
News Summary City officials in St. Petersburg are inviting new proposals for redeveloping the Historic Gas Plant District, an area recently promoted by the Tampa Bay Rays. As innovative ideas...
St. Petersburg City Council Approves ULI Study for Historic Gas Plant District
News Summary The St. Petersburg City Council has unanimously approved the hiring of the Urban Land Institute to assess development opportunities in the Historic Gas Plant District. Initiated by Council...
St. Petersburg to Initiate Redevelopment Proposals for Historic Gas Plant District
News Summary St. Petersburg, FL, is set to start accepting redevelopment proposals for the Historic Gas Plant District after the Tampa Bay Rays abandoned their $1.3 billion stadium project. The...
Pinellas County Housing Authority Proposes Senior Housing in St. Petersburg
News Summary The Pinellas County Housing Authority has proposed a seven-story mid-rise housing development aimed at providing affordable living options for seniors in St. Petersburg. The plan includes 80 residences...
St. Petersburg Opens Proposal Window for Affordable Housing
News Summary The City of St. Petersburg has initiated a 30-day proposal window for land in the Historic Gas Plant District to address the affordable housing crisis, particularly for seniors....
St. Petersburg Prepares for Historic Gas Plant District Redevelopment
News Summary St. Petersburg is advancing plans to redevelop 86 acres in the Historic Gas Plant District, with proposals already being discussed. Mayor Ken Welch highlighted the city’s strengthened position...
Catalyst Lounge Owners Submit Offer for Woodson Museum Property
News Summary The owners of the Catalyst on the Deuces lounge have proposed an $800,000 purchase for the property of the Woodson African American Museum. Their interest stems from concerns...
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...