SOUTH PINELLAS COUNTY DEVELOPMENT ACTIVITY SOUTHERN PINELLAS LATEST DEALS AND TOP PROJECTS IN. October 2, 2018

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1 SOUTH PINELLAS COUNTY DEVELOPMENT 2018 ACTIVITY LATEST DEALS AND TOP PROJECTS IN SOUTHERN PINELLAS October 2, 2018

2 Welcome to the first annual Southern Pinellas Market activity Forum. The intent is to showcase top trends, projects, pricing and market activity. The base criteria is larger projects South of Ulmerton Road. 1. Top Projects 2. Hotel 3. Multifamily 4. Retail 5. Land 6. Office 7. Industrial 8. Condo 9. Residential 10. Development Programs Disclaimer: Information believed to be accurate and correct. Not responsible for errors and omissions. Information collected from a number of sources including Remax Metro Commercial, Costar, Dodge Reports, Public Records, MLS, Pinellas County ED, City of St Pete ED and numerous Developers. Booklet Designed by George F. Young, Inc.

FOR MORE INFORMATION Contact Mike Meidel Director Pinellas County Economic Development 13805 58th Street North, Suite 1-200 Clearwater, FL 33760 mmeidel@pinellascounty.org www.pced.

org Terri Thomas COO/General Counsel Metro Remax 150 Second Ave N. Suite 570 Saint Petersburg, FL 33701 727.896.1800 ext. 378 terri@metroagents.

3 FOR MORE INFORMATION Contact Mike Meidel Director Pinellas County Economic Development th Street North, Suite Clearwater, FL Sophia Sorolis Manager, Economic Development Division City of St. Petersburg, Florida P.O. Box 2842 St. Petersburg, Florida (Direct) Terri Thomas COO/General Counsel Metro Remax 150 Second Ave N. Suite 570 Saint Petersburg, FL ext. 378 Al DiNicola Crown Gapital Group FL Real Estate Broker, CRB, CIPS, RSPS Investment Adviser Representative th Street North, Suite 301 Naples, FL Mary Hurley, CCIM, LEED AP Director Florida Division Land Advisors Capital (office) (cell) 399 Carolina Avenue, Suite 200 Winter Park, Florida

4 S. PINELLAS TOP DEALS TOP PROJECTS Sq. Ft/Units Value Don CeSar 3400 Gulf Blvd 347 $214,000,000 Hotel Vinoy Renaissance 501 5th Ave N 362 $180,000,000 Hotel Camden Pier 330 3rd St S 358 $126,300,000 Multi-family Sirata Beach Resort 5300 Gulf Blvd 382 $108,000,000 Hotel ONE Tower 100 1st Ave N 253 $91,000,000 Hyatt / 253 Condo Units St Pete Pier Pier District $85,000,000 Renovations Johns Hopkins 5th St S and 6th Ave S 230,000 $85,000,000 Expansion Fusion Central Ave 325 $81,800,000 Multi-family Police Headquarters 1301 First Ave N $81,000,000 New Maderia Beach Town Center Madeira Way 90 $80,000,000 New 2 Hotels / Condos 801 Central 801 Central Ave 750,482 $80,000, Story / 368 Apartment Units Skyway Marina - Sur Club 30th Ave S and 34th St 261,360 $70,000,000 New Hotel / Apartments Arts & Crafts museum 333 3rd Avenue North 137,000 $70,000,000 New Museum Jabil Expansion Roosevelt Blvd off MLK $67,000,000 New Expansion Madison Gateway 500 Trinity LN N 314 $64,100,000 Multi-family James museum 100 Central Ave 84,000 $55,000,000 New Museum Tortuga Pointe Gandy Blvd N 288 $48,000,000 Multi-family Post Card Inn 6300 Gulf Blvd 196 $47,400,000 Multi-family Allure at Gateway 8851 US Hwy $40,000,000 New Multi-family Hermitage 151 7th St S 613,118 $37,450,000 New Multi-family Avanti 201 4th St S 366 $36,000,000 New Multi-family Holiday Isles th Ave 150 $35,000,000 New 150 Room Hotel / Condos Bainbridge 930 Central Ave 346,469 $35,000,000 New Mixed Use / 218 Apartment Units Slocum Place 1701 Central Ave 366,179 $30,000,000 New Mixed Use / 243 Apartment Units SPC Success Center 6605 Fifth Ave N 48,000 $25,000,000 New / Renovation Bayfront Medical 701 6th St S 28,000 $22,000,000 New Emergency Room Tyrone Mall 2300Tyrone Blvd 151,952 $14,000,000 New Dicks, Luckys, PetSmart

5 S. PINELLAS TOP DEALS HOTELS Don CeSar Vinoy Renaissance Sirata Beach Resort Post Card Inn Hotel Zamora Palm Bay Hotel Redington Beach Motel Swashbuckler Malibu Resort 3400 Gulf Blvd 501 5th Ave N 5300 Gulf Blvd 6300 Gulf Blvd 3701 Gulf Blvd 711 3rd Ave S Gulf Blvd Gulf Blvd Gulf Blvd Rooms Value $214,000,000 $180,000,000 $108,000,000 $47,400,000 $14,525,100 $4,600,000 $2,650,000 $2,425,000 $2,100,000 $/Room $617,000 $498,615 $283,220 $242,000 $224,153 $65,714 $82,813 $83,621 $84, th Ave & Madeira Way 5750 Gulf Blvd 6300 Gulf Blvd 1001st Ave N Gulf Blvd 101 3rd Ave N 116 5th St S 5300 Gulf Blvd 3400 Gulf Blvd Gulf Blvd Gulf Blvd Rooms Value $/Room $80mm, 2 Hotels/Condos 13 Story $50mm Renovations New $35mm Condo/Hotel 11 story Boutique New $15mm Renovations $10mm Renovations Under Construction New & Renovations $2,076 $685 $432 $164 $158 $163 $195 $195 DEVELOPMENT Madeira Beach Town Center Tradewinds - Sugar Sands Post Card Inn Hyatt St Pete Holiday Isles Galaxy Hotel Edward Hotel Sirata Beach Resort Don CeSar Oceana West Barefoot Beach ANNOUNCED Residence Inn DTSP Princess K 2675 Ulmerton Rooms Value $/Room Planning Under construction 123 Johns Pass Hotel Treasure Island 78 Holiday Inn Express Way N 121 Hotel & Retail Ulmerton Road 118 $30,000,000 Planning Complete $10,000,000 ZONING SP Beaches zoning: Tradewinds $5mm sewer upgrades for density SP Beaches zoning : Large resort district height 116ft. Boutique hotel district 75 ft Planning

6 S. PINELLAS TOP DEALS MULTI-FAMILY Units PRICE $/Unit Class Camden Pier 330 3rd St S 358 $126,300,000 $352,793 $355 A Fusion Central Ave 325 $81,800,000 $251,692 $205 B Madison Gateway 500 Trinity Ln N 314 $64,100,000 $204,140 $188 C Tortuga Pointe Gandy Blvd N 288 $48,000,000 $162,712 $165 A Urban Style Flats th St S 481 $46,250,000 $96,154 $203 B The Vibe th Ave N 432 $41,400,000 $95,833 $97 C Emerald Pointe rd Ave N 441 $37,500,000 $85,034 $115 C Harbor Lights nd St N 310 $28,730,000 $92,677 $116 C Park Village th St 160 $20,400,000 $129,114 $123 B Seaside Villas th St S 121 $20,000,000 $165,289 $242 B Lowes Mobile Home th St 310 $19,096,000 $61,600 $77 C Bryan Dairy 6701 Bryan Dairy Rd 96 $12,100,000 $126,042 $136 C DEVELOPMENT Units PRICE $/Unit Class 801 Central 801 Central Story Apartments, 34,272 Retail Avanti 2014th St S Story Luxury Apartments Allure at Gateway 8851 US Hwy New Apartments Charleston on 66th 66th / Ulmerton 258 Luxury Apartments Addison Long Bayou th Ave 247 Studio Apartments 1701 Central 1701 Central 243 Apartments 930 Central 930 Central Ave Story Luxury Apartments Vantage Lofts th St N Story Apartments Tower Richman Group 900 6th Ave S 132 Apartments West Bay Lofts 500 West Bay Drive 123 Mixed Retail/ Residential Burlington Post 3201 Burlington Ave N 86 Affordable Seniors Palms of Pinellas 1301 S Belcher Rd 92 Mixed income Apartments Prism on 5th rd Ave N 78 Loft style Apartments Sur Club Skyway Marina th St South 70 Mixed- Apartments/Self Storage/Restaurant Delmar Terrace 745 Delmar Terr S 65 Affordable Seniors Skyline on 5th 31 St and 3rd Ave N 48 Apartments PLANNING Units PRICE $/Unit Class Halcyon 225 1st Ave N story - Announced 1601 Central 1601 Central Ave 251 Apartments - Studio Onyx Apts 211 3rd St S 217 Multifamily 5th Ave Residences 555 Dr Martin Luther King Jr 132 Apartments JB Howell First Ave S and 28th St 70 Apartments

7 S. PINELLAS TOP DEALS RETAIL Price Sq Ft Goodwill, Inc th St N $8,570,000 33,000 $260 El Dorado Furniture 3700 Tyrone Blvd N $6,215,000 43,878 $142 Wawa th Ave N $5,368,420 6,119 $877 CVS Pharmacy th St N $5,137,500 11,969 $429 Olive Garden 6700 US Highway 19 N $5,100,000 10,406 $490 Restaurant 7250 US Highway 19 N $4,190,300 5,948 $704 Retail Central Ave $3,750,000 16,000 $234 Mattress Firm 2201 Tyrone Blvd N $3,650,000 6,610 $552 Retail 1246 Central Ave $3,400,000 31,345 $108 Ibis Walk Roosevelt Blvd N $2,876,262 17,220 $167 Retail 1235 Central Ave $2,700,000 4,500 $600 Ibis Walk Roosevelt Blvd N $2,505,455 10,958 $229 Retail 114 4th St S $2,500,000 12,336 $203 Price Sq Ft Seminole City Center Park Blvd. N 398,000 Redevelopment Tyronne Mall Tyronne Mall 151,952 Dicks, Luckys, PetSmart Shoppes at Park Place US19 and Park Blvd Extra space storage th St N Cube self storage th St N New Self Storage nd Ave S New Publix th St N 48,000 Redevelopment Crown Honda 8302 US Highway 19 N 10,255 New Redington Village Gulf Blvd. Old Wine Cellar DEVELOPMENT Loan Default 90,000 New 2 Bldgs, Office, Retail, Restaurants

8 S. PINELLAS TOP DEALS LAND ADDRESS AREA USE PRICE ACRES $/ACRE SQ. FT. 101 Carillon Pky Carillon Office/Mixed $9,000, $893, ,649 $ th ave Maderia Beach Hotel $7,600, $1,655, ,940 $ Gandy Blvd Gandy/275 Commercial $7,328, $563, ,280 $ Central DTSP Multi-family $7,200, $3,272,727 95,832 $ Block - 2nd Ave South DTSP Multi-family $5,800, $6,502,329 38,768 $ US Highway 19 N Gateway/US19 Multi-family $5,700, $1,379, ,903 $ th Ave N DTSP Health Care $5,180, $433, ,978 $10 Carillon Roosevelt Blvd Carillon Commercial $4,490, $3,876,294 50,530 $ th St N US19/22nd Ave Commercial $3,180, $806, ,626 $ Grand Ave Gateway Commercial $2,500, $1,358,736 80,150 $31 3rd and 4th S DTSP Condos $2,400, $7,272,727 14,375 $ Burlington Ave N US19/Burlington Townhomes $2,000, $2,354,594 37,026 $54 OTHER NOTABLE ADDRESS AREA USE PRICE ACRES $/ACRE SQ. FT. 400 Central Ave DTSP Office/condos $16,500, $8,048,780 89,298 $ Central Ave DTSP Multi-family $9,180, $3,672, ,900 $ st Ave N DTSP Multi-family $8,750, $7,608,696 50,094 $ th Ave N DTSP Townhomes $3,000, $5,263,158 24,829 $121

9 S. PINELLAS TOP DEALS OFFICE Price RBA Class Priatek Plaza 200 Central Ave $66,000, ,332 $194 B Cardinal Point MLK St $17,150,000 87,258 $197 B Arrow Point Plaza th St N $7,700, ,000 $77 A 200 1st Ave S 200 1st Ave S $7,200,000 20,490 $351 B Gateway Pointe th St N $5,800,000 50,931 $114 B Gandy Center 3491 Gandy Blvd $4,875,000 49,655 $98 B Bayboro 625 Sixth 625 6th Ave S $2,981,830 5,311 $561 B 2050 N 62nd Ave 2050 N 62nd Ave $2,612,200 15,979 $163 C Duhme Center 4300 Duhme Rd $2,050,000 14,871 $138 C th Ave N th Ave N $2,000,000 8,016 $250 C Price RBA Johns Hopkins 600 5th Street S $290,000 UPC downtown 800 Block 1st Ave S $150,000 Nova Southeast 3400 Gulf to Bay, Clearwater $ 200,000, Class Research Pediatrics New- Planning Under Construction Price DEVELOPMENT LEASES RBA 1101 Roosevelt Blvd N--4th Floor 54,900 $26/ft FS 1102 Roosevelt Blvd N--3rd Floor 54,900 $26/ft FS 1103 Roosevelt Blvd N--1st Floor 54,510 $13.50/ft MG 140 Fountain Pky-7th Floor 37,900 N/A FS th St S-- 1st Floor 30,528 $34/ft FS th St S--2nd Floor 27,818 $17.50/ft FS th St S-- 2nd Floor 26,004 N/A N/A 140 Fountain Pky-1st Floor 21,908 N/A FS Dr MLK Jr St--2nd Floor 20,963 $24/ft FS 8605 Largo Lakes Dr--1st Floor 20,300 N/A N/A Class

10 S. PINELLAS TOP DEALS INDUSTRIAL Price Sq. Ft Class 9251 Belcher Rd $14,500, ,338 $69 B - portfolio 9251 Belcher Rd $10,350, ,338 $49 B - portfolio th Ave $8,810, ,523 $56 C rd Ave S $6,500, ,000 $63 B 7337 Bryan Dairy Rd $6,009,841 91,100 $66 C 1351 Bay St SE $2,012,463 1,500 $1,342 C DEVELOPMENT Price Sq. Ft Class Fed X Distribution nd Ave N 237,000 New Distribution Starkey Lakes South th Ave 192,000 New Industrial Gateway Building 4701 Ulmerton 65,868 New Industrial - Announced Ulmerton One Commerce 9310 Ulmerton Rd 52,250 New Industrial Cross Bayou nd Street, PP 50,000 New Industrial Cousin Corporation Enterprise Blvd 46,983 New Industrial ANNOUNCED Price Sq. Ft Class Young Rainey Site Largo 96 acres Redevelopment

11 S. PINELLAS TOP DEALS CONDO Units The One 100 1st Ave N 253 Complete Sunset Pointe 1110 Pinellas Bayway S 120 Under Construction Golf Lake Condos 960 Starkey Rd 120 Condos Maderia Bay Condos Gulf Blvd 44 Condos 38 Under Construction Ocean Treasure Island Value Dolphin Key Gulf Blvd. 30 Complete Villas at Date Palm 830 Date Palm Lane 30 Complete Regent Lane 131 4th Ave N 20 Condos Onella Gulf. Blvd. 10 Under Construction ANNOUNCED Units 25 story 3rd Ave N and 2nd St N 100 Value Planning - Land Issues Bezu 100 4th Ave N 28 Planning Vela 4th Ave S and 8th St S 23 Planning 400 Central 400 Central Ave NA Planning

12 S. PINELLAS TOP DEALS RESIDENTIAL Units Value Belleair Grove Towns 2493 Belleair Road 136 Townhomes Uptown Kenwood th Ave N 69 Townhomes Waterside of Indian Shores Gulf Blvd. 54 Townhomes The Arlington 818 2nd Ave N 40 Townhomes District on 9th 901 Arlington Ave N 34 Townhomes ANNOUNCED Units Value Beachside Village Senior th St North Seniors Seminole Groves 5800 Seminole Blvd. 53 Single Family Stonebrook Crossing th Street 41 Single Family Arabella Cove 8400 Starkey Road 26 Single Family Pinecrest Villas nd Avenue 24 Villas Redington Beach Villas Gulf Blvd. 16 Villas

13 S. PINELLAS TOP DEALS TOP INITIATIVES INITIATIVES Description LINK: Opportunity Zones were designated in April, 2018 In Large Hotel district Opportunity-Zones.aspx SP Beach Height Preferential tax treatment on new investments - tax credits Height to 116 ft. SP Beach Height Height to 75 ft. In Boutique district Tropicana Field 85 acres - Under master plan review Large mixed use Skyway District Skyway Marina District Plan represents a collective vision for a south St. Petersburg mixed use corridor Strategies include transportation, streetscape, land use & site design, economic development and marketing promotions economic_development/ redevelopment/skyway_marina. php Innovation District Strategic plan to cluster health and life sciences, higher education, marine research and other innovation/ incubation assets Focus on technology, innovation, research, real estate, education, branding, and research collaboration. development/redevelopment/ innovation_district.php Grand Central District Designation as a Main Street community by both the National Trust for Historic Preservation and the Florida Main Street program. The mission of the Grand Central District is to create a sense of community within a traditional commercial and residential neighborhood. and promote ongoing economic development. Opportunity Zones Warehouse District 34th St N and Central Town Center West Central District Regional Business Incubator Penny for Pinellas Employment Sites Enhancements to the 22nd Street Deuces Live Corridor and the Warehouse Arts District. A segment of the historic 22nd Street South corridor is a certified Florida Main Street that strives to revitalize, while preserving the cultural heritage of The Deuces. Planning effort for Central St. Petersburg area will focus on Land Use, Site Design, Transportation, Streetscape, Economic Development and Branding. A streetscape plan for far West Central Avenue Corridor including new lighting, landscaping, medians, traffic signals arms, sidewalks etc. are all being considered. State of the art, purpose built incubator to be located in the Innovation District. An approximate 45,000 square foot building for target industries and operated by Tampa Bay Innovation Center. Dedicated 8.3% of net proceeds of funding from Penny IV for county-wide economic development and affordable housing initiatives. Warehouse Arts District along 22nd Street South has undergone a resurgence for artists needing space for larger pieces or for heavy equipment used in the creative process. Currently in the beginning stage and the final plan is expected to be completed within one year. Plan is in starting stage with a $4M budget and should be completed by the end of $9 million grant applicatoin under review by U.S. EDA, with additional $3 million match from Pinellas County, Land donation by City of St. Petersburg Funding becomes available January economic_development/ redevelopment/warehouse_arts_ district.php

ST. PETERSBURG SHINES: DEVELOPMENT UPDATES 2016

ST. PETERSBURG SHINES: DEVELOPMENT UPDATES 2016 PLANS ADVANCED IN 2016 South St. Petersburg CRA: The city launched five Tax Increment Financing (TIF) grant programs in spring 2016, awarding nearly $400,000