Home News St. Pete developer wants to turn strip mall into housing. Some neighbors are concerned.

St. Pete developer wants to turn strip mall into housing. Some neighbors are concerned.

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Plans are underway to transform a former St. Petersburg shopping mall into a mixed-use development with rent-stable apartments.

Stoneeweg, a local real estate investment company Bought Coquina Key Shopping Plazalocated at 4350 Sixth St. S, and was $7.3 million last year.

According to plans submitted to the city, Stoneweg will build 458 apartments, 20% of which will be reserved for tenants with between 80% and 120% of the median income in the area. That’s $65,700 to $98,520 for a family of four. Pinellas County.

Facilities include a pool and dog park. It also has 21,000 square feet of retail space.

Stoneweg spokesperson Kyle Parks said it is using private sources to build the project and will not receive government subsidies or tax credits. Developers use the city’s “Workforce Housing Density Bonus Program” to maximize the number of units allowed.

“Our goal in redeveloping Coquina Key is to create a positive change in the community without disrupting it,” said Sharmane Bailey, Associate Director of Corporate Communications at Stoneweg. “Our hope is to bring labor housing to our communities, support small local businesses, and provide quality products that encourage other developers and retailers to invest in this part of St. Petersburg. is to do.”

More than 75 people submitted public comments to the city on the proposal. Some neighbors criticize the project through it. Online petition.

One of the points of contention is the height of the development, which will be seven stories high at its peak. Current zoning restrictions allow a maximum of four stories. Stoneweg is asking the city to change its zoning accordingly.

According to the developer’s plans, only part of one building will have seven floors. Parkes explained that the tallest part of the building is in the center of the property so that it doesn’t tower over nearby single-family homes.

Neighbors also expressed concern about the lack of a major grocery store that could replace the Save-a-Lot that once stood in the shopping plaza. This shopping center also used to have his CVS pharmacy.

“This zoning change will allow Stoneeweg to dramatically increase the population in the area while also dramatically reducing the retail space needed to serve that population,” said a nearby Walter Borden, president of the Bahama Shores Neighborhood Association, wrote in a public comment to the city. “Closing the only grocery store in the area and not replacing it leaves the community and its new tenants in a food desert.”

Parks said Stoneeweg contacted more than 15 supermarket chains, but none of them were interested in renting space on the property.

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“We continue to look for smaller local grocery stores that occupy one of the spaces allocated for retail,” he said in an email. We want to secure an additional six or seven vendors that will provide us with

Stoneweg will submit its proposal to the St. Petersburg Community Planning and Preservation Commission on Tuesday. Projects must also receive approval from the Development Review Board and City Council.

If all goes according to plan, construction will start this fall.

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