The City of St. Petersburg has announced they are searching for a development partner to redevelop and operate the downtown Municipal Marina. Development teams with a significant amount of experience with developing and operating marinas in a saltwater environment are encouraged to submit proposals, due by July 14.
Along with the Marina, the developer has the option of including a proposal for redevelopment and operation of restaurant space adjacent to the marina. The space, located at 300 Second Avenue NE, is home to Fresco’s Waterfront Bistro.
The Marina itself spans from the central and south yacht basins along the downtown waterfront. CYB docks were constructed in 1963, and four of five SYB docks were constructed in 1977. The city says the infrastructure has reached the end of its service life. A marina masterplan was completed in 2017 by the city and outlines the framework for marina redevelopment.
In total the marina has 640 permanent wet slips, a 500-foot transient dock with a minimum 10-foot depth throughout the marina, public boat launch, bait & tackle, electric and water hookups, snacks/sundries, shower, and laundry facilities, and a fueling station. The marina is an anchor point of the waterfront district located on the point of Demens Landing.
Source: TBBJ
Thank you for your interest. If you need Appraisal or Valuation services in the St. Petersburg area contact:
Mike Cliggitt, MAI, MRICS, CCIM
813.405.1705 - Direct Line