Bids for the Historic Gas Plant District

cliggittvaluation • December 5, 2022
Tropicana Field Aerial Image

The city of Saint Petersburg requested proposals for the site that Tropicana Field (the Tampa Bay Ray’s stadium) currently sits on. Mayor Welch has designated the area as the Historic Gas Plant District. The proposals were due on Friday, December 2nd. Four bids were submitted from the following groups: Sugar Hill Community Partners, Plus 1 Sports, Restoration Associates, and the Tampa Bay Rays. Mayor Ken Welch will recommend a developer in January and a term sheet with the chosen developer will be completed and a development agreement is expected to be brought to City Council for approval by September or October of 2023. 


Sugar Hill Community Partners have proposed to bring the following if selected:

·        5,200 residential units (50% being affordable and workforce housing. 325 units will be developed off-site)

·        Two boutique hotels – total of 400 rooms

·        2.7 million SF of office space

·        409,000 SF of retail, including all ground floor uses like libraries, daycare, senior care centers, etc.

·        174,000 SF conference center that will include a 350-key conference center hotel

·        39,000 SF performance hall

·        96,000 SF museum

·        22,000 SF transit hub

The Sugar Hill Team says it intends to bring a mix of office, residential, and commercial properties together versus having separated districts across the 86-acre site. Walkability and highlighting the city’s culture and amenities is a trop priority of the project. 

The Tampa Bay Rays partnered with global real estate firm Hines to redevelop the St. Petersburg site. The development team has proposed a 7-million SF redevelopment plan including a mixed-use community surrounding a new ballpark on the 86-acre site. The current lease for the Rays will expire in 2027, and most recently the team has attempted relocating to a site in Hillsborough County. In total the Rays proposal includes:

·        5,700 multi-family units – 850 dedicated to affordable and workforce housing

·        1.4 million SF office space

·        300,000 SF of retail

·        700 hotel rooms

·        600 senior living residences

·        2,500-person entertainment venue

Plans also call for the Dr. Carter G. Woodson African American Museum to be relocated to the site and for a music hall.


50 Plus 1 Sports proposes the development of entertainment and shopping districts as well as an education and tech campus. The proposal breaks into 4 phases. Phase one will build a new stadium and 3.2 million SF will be mixed-use. There will be at least 2 hotels, with ground floor commercial space and 500,000+ SF of office space. Phase 2 includes more parking, a grocery store, the completion of Booker Creek Commons and 2.8 million SF of mixed-use developments. Phase 3 will have 3.7 million SF of mixed-use development, with 200,000 SF of it being office space and residential units offered at different price points. The fourth phase will be mainly residential developments and future off-site developments. In total the proposal included:

  • 6,700 multi-family apartments - 50% for affordable and workforce housing.
  • A minimum of 3 hotels
  • Intermodal Transit Hub
  • Education & Tech Campus
  • A cultural venue either museum or performance venue


Restoration Associates has partnered with big names such as Dr. Kiran Patel. They plan to build out the 86 acres in 8 phases. They presented two options for development. One is to build a new retractable dome stadium on the 17.3-acre site, or to renovate the current Tropicana Field Stadium rather than demolishing it to build a new one. If no baseball stadium, then 1,000 more workforce and affordable housing units will be made available. Restoration Associates has proposed the following:

  • 2,800-3,800 residential units for mixed incomes
  • 280,000 SF of self-storage
  • 500,000 SF office tower
  • Convention Center hotel
  • Gas Plant District Memorials
  • African American History Museum

Thank you for your interest!


For more information or to get help in determining the value of your property please call or email Mike Cliggitt, MAI, MRICS, CCIM!


Mike Cliggitt, MAI, MRICS, CCIM

813.405.1705 - Direct Line

findvalue@cliggitt.com - email

Saint Petersburg Commercial, Industrial, and Investment Real Estate Appraiser

SHARE CONTENT

By cliggittvaluation July 25, 2025
A well-known corner of South Tampa is getting a new lease on life. The property at 2616 S. MacDill Avenue—formerly home to the popular eateries Datz and Dough—is undergoing a complete transformation led by Three Oaks Hospitality. The new concept, 1983, is scheduled to open its doors in mid-August. Three Oaks, the hospitality and development group behind successful Tampa Bay ventures like Armature Works, The Pearl, Ciro’s, Steelbach, and Ro, acquired the site in 2023 and has since begun a creative reimagining of the space. The 150-seat restaurant will introduce a sports-forward, social dining experience with an upscale 1980s-inspired aesthetic. The adjacent Dough space will become a retro arcade, paying homage to iconic video games of the past—think Pac-Man and Galaga—while the restaurant itself will offer a menu that ranges from sushi and salads to French dips and classic wings. The design will incorporate vintage sports memorabilia and a preppy flair reminiscent of 1980s fashion and culture. The project’s name, 1983, reflects the birth year of twin brothers Charles and Kyle Bruck, co-founders of Three Oaks. One thing that isn’t changing? The landmark marquee sign out front, which locals may remember for its witty one-liners. It’s being preserved and will continue to feature playful messages as a nod to the building’s legacy. This revitalization adds to the continued momentum of redevelopment along the South MacDill corridor, a high-visibility commercial stretch in one of Tampa’s most established neighborhoods.
By cliggittvaluation July 21, 2025
Tampa residents have been waiting for high-speed rail service—and it’s starting to look like that dream could eventually become a reality. Brightline, the private passenger rail company already operating in South Florida, is officially making moves toward a Tampa expansion. The company recently requested $400 million in bonds to fund new stations and tracks across Florida, with Tampa named as one of the next planned stops. That funding would help push forward rail infrastructure connecting Tampa to Orlando and beyond. So… when can we actually expect to ride? The Not-So-Soon Timeline According to Hillsborough County Transportation Planning Organization executive director Johnny Wong, we might still be waiting another decade. Yep—ten years. Wong’s projection is based on information from a former Brightline executive, now with the Orlando Economic Partnership, who noted that Brightline will need to lay new rail along I-4 before the Tampa link becomes a reality. And since I-4 is currently undergoing a massive expansion that could take up to 20 years to complete, rail construction might not begin for a while. That said, there’s some hope. Governor DeSantis and the Florida Legislature have shown interest in speeding up the I-4 project, which would naturally help accelerate Brightline’s expansion timeline as well. Why Now? Ever since Brightline opened its Orlando station in 2023 (connecting to Miami), the buzz around a Tampa extension has only grown. With Central Florida’s population booming and I-4 getting more congested by the day, many are pushing for a faster, less stressful travel alternative. Last year, Mayor Jane Castor even floated 2029 as a possible opening year for the Tampa station. And with the recent bond request and local support—including a unanimous vote from Tampa City Council to allow Brightline to proceed with financing—the wheels are certainly turning. But There’s a Catch While Brightline has ambitious plans, the company is facing some financial headwinds. It fell about 30% short of its projected ridership last year, carrying roughly 2.8 million passengers. That drop came after eliminating popular $10 commuter passes, though those have since been brought back—and early signs show ridership recovering in South Florida. Despite operating at a $63 million loss last year and carrying $5.5 billion in debt, Brightline continues to grow. And Tampa appears to be next in line. Where Will the Station Go? A final location hasn’t been publicly announced, but city officials have hinted at a site in Tampa’s “greater downtown area,” possibly stretching from Ybor City to the Curtis Hixon Waterfront Park area. In May, Hillsborough County asked residents how they would get to the future station, and the majority said they’d drive or use ride-share services. That means the city will likely need to build a parking structure and invest in safer pedestrian and bike-friendly infrastructure. Respondents also voiced a desire for more public transit near the station, which could reignite conversations about expanding the TECO Line Streetcar into Tampa Heights. What If Brightline Doesn’t Make It? Even with the financial risks, there’s a silver lining. If Brightline lays the rail but later backs out, the infrastructure could still be used by another operator—think Amtrak or even a local transit authority. As Wong put it: “If we have assets for trains to go through Tampa to Orlando, I don’t see why there wouldn’t be competitors in that space.” Source: Tampa Bay Times Thank you for your interest. Have questions regarding the local market? Navigate the Real Estate Market with confidence, and contact us at Cliggitt Valuation for your appraisal, consulting, and valuation needs today. Mike Cliggitt, MAI, MRICS, CCIM 813.405.1705 | 863.661.1165 - Direct Lines findvalue@cliggitt.com Appraisal & Valuation Markets Questions about our blog? Contact our Director of Sales & Marketing, Sydney Avolt. Sydney Avolt 727.403.7418 - Direct Line sydney@cliggitt.com
By cliggittvaluation July 8, 2025
Florida’s property insurance market is finally showing signs of recovery in 2025, following several years of volatility. A combination of legislative reforms and a resilient response to recent storms has begun to steady both residential and commercial insurance rates. For those in the commercial real estate space, this shift offers a much-needed sense of predictability. With fewer surprise exclusions and more stable premium trends, stakeholders can breathe a little easier—even if hurricane season keeps everyone on alert. In this post, we break down the effects of the 2024 hurricane season, 2025 premium trends, key legislative changes, reinsurance market updates, and what these developments mean for property owners, brokers, and investors across the state. After the 2024 Hurricane Season: Resilience in Action
More Posts