Feldman Equities, PMG bid for 800 Block site

Feldman Equities, one of the largest commercial real estate stakeholders in St. Petersburg, and Miami-based development firm Property Markets Group have submitted an unsolicited proposal to acquire the city-owned property at 800 1st Avenue S. for $8 million.

The joint venture partners propose a mixed-use development with over 100 affordable housing units. The property sits directly across from UPC’s (United Property Insurance) headquarters.

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Source: stpetecatalyst.com

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