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2020 Development Guide

Creating a Shared Vision

Downtown St. Pete is in the midst of transformative change. Over the next decade, the Downtown Partnership forecasts public and private investments approaching $8 billion will be spent in our city center. We are committed to helping to manage this change. This Downtown Development Guide is designed to help citizens, developers, business leaders and policy makers better understand the current state of Downtown as we plan for the future. As our city grows, we will continue to advocate for smart development and thoughtful public policies as we create a shared vision for Downtown St. Pete.

Photograph of a pelican in the marina in front of the St. Petersburg, FL skyline at sunset.

2020 St. Petersburg Economic Highlights

$20B
Downtown Residential Property Value
$1.5B
Downtown Commercial Property Value
$1.2B+
New Development Estimated Value
$230M+
Downtown Retail Sales

Key Findings

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  • City spends $80 more per resident than the national average on park maintenance
  • 84% of visitors drawn to Pinellas County for arts and culture end up in St. Petersburg
  • Transit-oriented development is happening, with 33 planned projects along the SunRunner route 
  • Residential units under construction will increase Downtown inventory by 22% and adding in proposed units, inventory will grow by 85%
  • Downtown houses 3% of the city’s physical space and 30% of its jobs
  • 95% of the city’s Public Administration jobs, 50% of Health Service jobs and 40% of its Leisure & Hospitality jobs are Downtown

Data

Planned in 2019

36
New Projects Planned
17
Multifamily Residential
6
Hotel
5
Mixed Use
4
Institutional
2
Transformational
Municipal
Municipal

1,900
Residential Units
822
Hotel Rooms

Under Construction in 2019

1,700
Residential Units

Community Voices