Stay informed about business news and updates in St. Petersburg, FL.
A Pass-a-Grille beachfront home has sold for $8 million, reflecting ongoing trends in the St. Petersburg real estate market. This two-story property, built in 1935 and featuring five bedrooms and five and a half baths, was sold on October 23, 2024, for $500,000 below its asking price. The sale highlights significant local real estate activity and the demand for premium properties in the area.
Plans for a 49-story Waldorf Astoria-branded mixed-use condominium tower in downtown St. Petersburg have gained momentum as city council members approved the $225 million project. This development, set to be the tallest building in the city at 540 feet, marks a significant step forward in the area's urban transformation and luxury real estate market.
A beachfront home in Pass-a-Grille, St. Pete Beach, has sold for $8 million, slightly below its asking price. The property features five bedrooms and five full baths, highlighting the ongoing demand for luxury real estate in the St. Petersburg area.
Voodoo Brewing Co. has officially opened its doors in St. Petersburg after facing multiple delays, marking a significant addition to the local craft beer scene. Located at 220 4th Street North, the brewery features a diverse range of craft beers, seltzers, cocktails, and a full food menu in a spacious 7,300-square-foot facility. This opening is poised to enhance the local economy and attract both residents and visitors.
Pete’s Bagels is set to open a unique co-working facility in Gulfport, which will feature a vintage diner theme. Starting November 4, the space will offer amenities like free WiFi, coffee, and bagels for Monday Morning Club members, enhancing the local work environment.
The Saturday Shoppes, founded by Renee Edwards, is relocating from Tropicana Field to Pinellas Technical College due to substantial storm damage to the stadium. The first event at the new venue will be a Fall Jazz & Seafood Fest, scheduled to take place at 901 34th St. S. This move reflects the market's resilience and commitment to the local community.
A Gulfport resident, Jesse Robinson, has claimed a $2 million prize from a Florida Lottery scratch-off ticket, specifically the 100X The Cash. After back-to-back hurricanes recently impacted his community, Robinson opted for a lump sum payout of approximately $1.28 million. This win comes as a significant boost for the local area during a challenging time.
Pinellas County has reported a significant increase in government contracts awarded to local small businesses, reaching over $55 million in fiscal year 2024. This rise in small business enterprise utilization is particularly noteworthy in the context of ongoing recovery efforts following recent hurricanes. The update was presented during a workshop held on October 24, where county commissioners discussed strategies for further enhancing the Small Business Enterprise (SBE) Program.
Tampa Bay Wave announced that its portfolio of over 550 tech startups has surpassed $1 billion in investments, marking a significant milestone for grassroots entrepreneurship in the region. CEO Linda Olson emphasized the impact of community-driven innovation on this achievement, highlighting the organization's commitment to fostering local startups.
Jeff Vinik has sold his controlling stake in the Tampa Bay Lightning after 14 years as the team's majority owner, distributing approximately $20 million to around 300 employees of Vinik Sports Group. This significant transaction marks the end of an era for Vinik, who originally purchased the team for $93 million in 2010 and will continue overseeing operations for the next three years.