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Phillips Development and Realty closes on $70M Skyway Marina project

in The Bay and the 'Burg/Top Headlines by

Phillips Development and Realty, LLC (PDR), a Tampa-based development firm, has officially closed Wednesday on over 9 acres of prime real estate in St. Petersburg’s Skyway Marina District.

The proposed 300+ unit multi-family, mixed-use development will be the first of its kind in this area.

The land, once owned by The Home Depot, has sat empty for years. Its potential is what has drawn Donald Phillips, managing director of PDR, to this land. “It is areas like this that we focus on. The Skyway Marina District is screaming for retail, luxury

“It is areas like this that we focus on. The Skyway Marina District is screaming for retail, luxury living and involvement from the St. Petersburg art scene” said Phillips. PDR will include a vibrant mural to mark the entrance to the District facing neighboring I-275.

PDR will include a mural to mark the entrance to the District facing neighboring I-275.

Local elected officials and neighboring homeowner associations (HOAs) have greeted Phillips’ $70m project with strong support.

State Sen. Darryl Rouson wrote in a letter to the community: “Mr. Phillips’ company is known to be a provider of achievable rental housing that is built with quality and consideration for the community at large.”

Rouson feels strongly that this project will bring great things to the area and spark a growth it deserves. The Senator reaffirmed his support of the development, emphasizing the “… overwhelming support for this project at all levels of the community.”

During the planning stages, Mayor Rick Kriseman wrote in a letter to PDR pledging the City’s “complete support of the proposed project by Phillips Development in the Skyway Marina District.”

As PDR’s team worked with the District’s planning committee, Kriseman stated: “The City has agreed to provide $1 million in public improvements adjacent to the site to directly enhance this project, recognizing that Phillips Development is the first developer to propose a major development in the District. This commitment is in addition to the $1.6 million expended or budgeted for public improvements that include gateway signage, landscaping, pedestrian lighting and banners, and bus shelters within the Skyway Marina District.”

PDR plans to construct more than 13,000 square feet of restaurant/retail space along with the area’s first “lazy river” and beach-style dining.

The proposed plan also includes close to 100,000 square feet of attractive, Class-A climate controlled storage space with the partnership of Jernigan Capital of Memphis, Tennessee.

The property is located at the southeast corner of US 19 and 30th Avenue South.

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