Economic Development Briefing for Advantis Real Estate Services Company. City of St. Petersburg Economic Development Department

Transcription

1 Economic Development Briefing for Advantis Real Estate Services Company

2 St. Petersburg s Regional Market No.1 metro area in the United States for job growth 13 th Largest Market in the United States Second largest market in the Southeast United States Largest Consumer Market in Florida Largest Labor Market in Florida

3 Transformation & Prosperity Median Age has dropped by 10 years since th Largest City in Florida ¼ of a million people Lowest crime rate of the four largest cities in Florida Higher average household income ($50,631) than Tampa, Orlando and Miami 2 nd Largest Manufacturing employment in the State

4 Major Industries and Employers Financial Services - Raymond James, Ceridian, Certegy, Franklin Templeton, ACFS Information Technology Avaya, Progress Telecom, Unaxis Marine Science U.S. Geological Survey Center of Coastal Geology, Florida Institute of Oceanographic Research Medical Services/Technologies - Bayfront Medical Center, All Children s Hospital Manufacturing Jabil Circuit, Raytheon, Precise Technologies, America II

5 Amenities Waterfront park system / Pinellas Trail Baseball, Football, Hockey Largest public marina in the Southeast More than 125 parks Beaches/ Theme Parks Museums and galleries Performing Arts More than 1000 events, attracting more than 10 million visitors

6 Infrastructure More than $117 million dollars for roadways and more than $319 million on public utilities and stormwater drainage in the next five years $33.2 million reconstruction project along I-275 from the Roosevelt Blvd. area to the Howard Franklin Bridge - three new ramps/ two improved. Excess capacity grid system

7 Five Unprecedented Years M illio n s Construction Value Permitted * thru Fiscal Years 8/ 31 * Includes $60 million renovation of Tropicana Field Source: City of St. Petersburg Development Services Department

8 Recent Developments Continued Growth of Economic Centers Mixed-Use Developments Medical Services Urban & Suburban Residential Arts & Culture Retail Redevelopment

9 Office and Industrial Activity Gateway Centers More than 30 million SF of industrial space More than 3.7 million SF of office space More than 60,000 employees at more than 2,700 establishments Downtown More than $1 billion invested in the past 10 years More than 28,000 employees Dome Industrial Park A city-owned 16-acre site in a 122-acre park

10 Mixed-Use Developments Progress Energy/Kessler - $150 million 200,000 SF of Class A office, retail, residential units, 200-room Westin Grand Bohemian Tropicana Block to 200 room hotel, 400 condominium units, 80,000 SF first and second floor retail, 80,000 SF of new Class A Office space Sod Farm Site - 1,000,000SF of office space, 700,000SF of manufacturing, 523,000SF of warehousing, 308,000SF of commercial, residential, and a 250-room hotel.

11 Medical Services More than 1,400 companies employ more than 20,000 people All Children s $270 Million expansion St. Anthony s $65 million expansion/ new center in Carillon Bayfront s $20 million expansion and renovation Medical Mfg (53% of the High Tech Corridor)

12 Residential Overview Since 1999, more than 590 new units have been built, not including conversions Currently, there are more than 1,100 units proposed or under construction More than $400 million in residential permitted value since 1999 Urban village townhomes, mid-rise lofts and high-rise condos

13 Parkshore Plaza $80 million, 29-story tower with 117 condo units by Opus South Surrounded by three and four-story buildings with 23,100 SF of retail Under Construction

14 400 Beach Drive NE $85 million, 30-story contemporary style tower 120 residential units 23,800 square feet of retail, offices and a restaurant

15 Mirror Lake An arts-inspired urban village area - Arts on 8th. CitiLife plans to build two mixed-use projects over the next three years, which will include 160 residential units, office and retail. Calla Terrace, 15-unit townhome development. One and two-bedroom project, prices ranged from $130,000 to $159,000

16 4 th Avenue South Residential The Orion Delmar Villas Victorian Oaks Apartments Mancinelli Development Bellus Delmar The Madison Complex 370 Total units

17 Condos on Central Dome District $100 million mixed-use project on approximately 3 acres Florida Sports Hall of Fame Museum new home 326 affordable residential units, office space, and 50,000 SF of retail space

18 Arts & Culture The non-profit arts industry has a $92,600,221 economic impact and creates more than 2,100 full-time jobs Fine Arts Museum expansion Holocaust Museum expansion History Museum expansion Florida International Museum relocation

19 Retail Redevelopment 34 th Street (Super Wal-Mart, Beef O Brady s) 4 th Street N Retail Corridor (Carrabba s, Outback) Midtown (Kash-n-Karry (Sweetbay) retail center) Downtown (University Village, CVS) Tyrone (Home Depot, JoAnn Fabric Superstore)

20 How Do We Support the Market and Its Recent Developments? Partner in development Public sector business advocate Marketing programs Incentives/ business education and assistance Redevelopment catalyst Research and information provider

21 How Can Advantis Support the St. Petersburg Market? Recognize St. Petersburg s significant role in the region Profile entire region, not just Tampa on website (Tampa to Tampa/St. Petersburg) Register for updates at

22 Where the Sun Shines on Opportunity Every Day! A Changed City A leader in redevelopment Serious contender for relocation Most livable, lively downtown in the Southeast Proactively preparing for tomorrow

23 Thank you for your time