St. Petersburg Update. City of St. Petersburg Economic Development Department

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1 St. Petersburg Update

2 The Renaissance of St. Petersburg

3 City Overview 4 th Largest City in Florida (pop. 251,151) Median Age has dropped to 39 years More than 9,700 businesses employ 133,000 $383 million in permitted construction (FY2004) $15 billion in assessed value Tyrone Gateway Downtown Midtown

4 Downtown Overview More than $2 billion invested in the past 10 years More than 28,000 employees Approximately 18,000 residents Capacity for growth Most Livable Downtown in the Southeast Largest Marine Science Area in Southeast U.S.

5 Residential Growth Downtown More than 3,000 new units McNulty Lofts Parkshore Plaza Signature Place 400 Beach 1010 Central

6 Downtown New Developments Progress Energy 200,000 Square Foot Class A Office 700 employees Westin Grand Bohemian 205-room five-star hotel, 62 luxury condominiums, 125 employees

7 New Developments Arts Village Development Dale Chihuly Collection, Arts Center, 400 residential units, retail All Children s Hospital New one million SF facility, $300 million investment

8 Downtown SPC and USF St. Petersburg USF - Barnes & Nobles Bookstore, 700 space parking deck USF Student Housing projects 354 beds under construction, 400 more planned St. Petersburg College Downtown Campus Nearly 1000 students downtown

9 St. Petersburg s Gateway Overview More than 60,000 employees and 2,700 businesses Over 30 million SF of industrial/office space Over 3.7 million SF of office space Extensive transportation improvements underway New projects providing increased amenities

10 St. Petersburg Gateway Residential Growth More than 2,500 new units Mangrove Cay Venetian Place Saxony Place Bay Isle Key

11 St. Petersburg Gateway Economic Development BrightHouse Headquarters New 165,000 Square Feet Office Valpak 500,000 Square Foot facility under construction, 1,100 employees

12 St. Petersburg Gateway Economic Development First Advantage 75,000 SF expansion to Carillon, 600 jobs Hilton Carillon Opening in December 2005, 217 rooms

13 Midtown Overview More than $100 million invested in revitalization Nearly 25,000 residents Most diverse community in Pinellas County U.S. Job Corps facility to train hundreds annually Private sector investment increasing

14 Midtown New Developments SweetBay 38,000 SF Grocery Store, 8,000 SF additional retail Suntrust Bank New full-service, drive-thru facility under development Historic Royal Theater state-of-the art recording studio and performing stage

15 Midtown New Developments U.S. Post Office Grand Opening October 8th Manhattan Casino Historic Renovation, 12,000 SF Facility

16 Midtown New Developments Euro-Bake 54,000 SF manufacturing facility under construction, 150 employees Hospice of SunCoast 35,000 SF complex opening March 2006, 150 employees WalMart 200,000 center, 600 employees

17 Tyrone Overview Primary retail center in St. Petersburg More than 15,000 employed Nearly 1,400 businesses Defense and medical industry focus in Industrial Park

18 Tyrone Tyrone Square Mall Lifestyle Center Redevelopment Major exterior renovation, New Mall entrance, Lee Roy Selmon s and Bonefish under development,

19 Tyrone New Developments West St. Petersburg Community Library 50,000 SF facility, Partnership with St. Petersburg College Crossroads Shopping Center Complete redevelopment of aging retail center

20 The Honda Grand Prix of St. Petersburg March 31 April 2, 2006

21 The Renaissance of St. Petersburg A changed city A leader in redevelopment Serious contender for relocation Proactively preparing for tomorrow A Best Community for Young People

22 Thank you for your time!