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.
Source: stpetecatalyst.com