Miami investment firm Key International purchased 39 acres of waterfront off Gandy Boulevard in St. Petersburg. Pinellas County Records indicate the purchase price was $19 million. The unnamed development plans include 324 waterfront apartments, 52 rental townhomes, and an 8,000 SF restaurant that is adjacent to a marina and slips. The development will also include amenities such as pools, playgrounds, pickleball courts, and a public boardwalk that will include a kayak launch. There is no planned date for development to begin at time of blog being posted.
Information Source: Jay Cridlin, Tampa Bay Times
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