Office demand continues to be strong in St. Petersburg, Florida as companies relocate to or expand in downtown. Developers are responding with new multiuse projects breaking ground that will bring more than 150,000 square feet of Class A office space to “DTSP.” These include:

Photo: Orange Station at the EDGE, Cushman & Wakefield

Orange Station at the EDGE
1301 1^st Avenue N.

Orange Station at the EDGE is the largest mixed-use development in Pinellas County in three decades. It will feature 50,000 sf of Class A office space and a 60,000 sf build-to-suit opportunity. Located in one of the city’s most vibrant areas, Orange Station also includes luxury condos, workforce apartments, and street-level retail. Orange Station’s name reflects the EDGE District’s history as the site of the Orange Belt Railway’s temporary depot, the entryway for St. Pete’s first settlers in 1888. This is a great location for a headquarters, providing employees with the best in walkable living. Orange Station broke ground in October 2021 and is leasing now.

Photo: 400 Central, Red Apple Group

400 Central
400 Central Avenue

New York billionaire John Catsimatidis’ Red Apple Group is developing 400 Central Avenue which will include 45,000 sf (divisible) of Class A office space and 60,000 sf (divisible) of prime retail space.  The office space will have a dedicated lobby and private elevators.  The retail space offers prime frontage along Central Avenue on one of downtown St. Pete’s most desirable blocks. Ample on-site parking will be available to support the employees, guests and customers of the office and retail tenants.  The mixed-use building will also contain 301 luxury condominium residences and is anticipated to be the tallest residential building on the west coast of Florida.  400 Central broke ground in October 2021.

 Photo: St. Pete Maritime and Defense Technology Hub, St. Pete Catalyst

St. Pete Maritime and Defense Technology Hub
450 8^th Avenue SE

The City of St. Petersburg recently authorized transforming a city-owned building into the St. Petersburg Maritime and Defense Tech Hub. The Hub, located in the St. Pete Innovation District, has 32,386 sf of space, including ample space for research, equipment, and using new forms for technology, along with in-water testing and evaluation. The building also contains a Sensitive Compartmented Information Facility (SCIF). Existing tenants include Pole Star (maritime sanctions compliance), Aveshka (software engineering firm employed by DoD, Homeland Security, and NATO), Gates Defense Group (open-source intelligence training, research, and software development for defense intelligence and law enforcement),and DarkStar Intelligence (tradecraft).  The Hub is leasing available space now.

Photo: Tampa Bay Innovation Center

Tampa Bay Innovation Center
4^th Street and 11^th Avenue South (new facility)

Cathie Wood of ARK Invest recently relocated the company to St. Pete and announced a collaboration with the Tampa Bay Innovation Center to develop a new incubator in a 45,000 sf building scheduled to open in July 2023. The Center will be the first building in Pinellas County purposely constructed to focus on entrepreneurs and technology startups.  It was made possible through the investment and partnership of the U.S. Economic Development Administration, Pinellas County, and the City of St. Petersburg.  The Tampa Bay Innovation Center will serve as a permanent home for the Center’s programs and the entrepreneurs it serves.

A key component of the new facility will include a digital fabrication lab outfitted with 3D printers and laser cutters that will help entrepreneurs design and test their vision for products. The venue will serve entrepreneurs and small businesses in the tech industry at every stage of their business providing access to mentors, investors, and other critical resources.  In addition to the digital fabrication lab, there will be 30,000 square feet of dedicated incubator space, classrooms for training programs, a wellness room, podcast studios, a large event space, a community cafe and 10,000 square feet for corporate innovation partners.  TBIC is leasing now at its current location at 501 1^st Ave North and anticipates leasing for its new facility mid to late 2022.

Tropicana Field Site Redevelopment

It is anticipated that the City will soon choose a developer to redevelop the 86-acre Tropicana Field site, which will include at least 2.5 million sf of office. The site is one of the Southeast’s most anticipated urban development projects.

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As the Sunshine City continues to grow, developers continue to add new Class A space to downtown St. Pete, in addition to existing office and coworking space. If you’re interested in relocating or expanding your business, contact us to learn more about the opportunity your company can find in St. Pete.