An artistic rendering of the upcoming Whitney Village project in St. Petersburg's Grand Central District.
St. Petersburg’s Grand Central District is set for exciting changes with the sale of YMCA land. The redevelopment will introduce Whitney Village, featuring apartments and retail space, and enhance community amenities.
St. Petersburg, a city known for its vibrant atmosphere and community spirit, is getting ready for a major transformation in the Grand Central District! The YMCA of Greater St. Petersburg has sold a substantial 4.5 acres of its property, sparking excitement about what’s to come.
The sale, which raked in a cool $12 million, was made to GS Blake Owner, LLC, a company linked to Greystar Real Estate Partners. The funds from this sale are earmarked for significant renovations to the existing 55,000-square-foot YMCA facility.
This renovation will elevate the YMCA experience, with plans for shiny new athletic fields featuring artificial turf, expanded parking options, and access to a much-needed covered parking garage. The locker rooms will also get a facelift, ensuring members enjoy their time at the facility even more.
Excited about these changes? You won’t have to wait long! The first phase of the redevelopment project is expected to kick off in spring 2024. While the YMCA will continue to operate on the west side of the property, the eastern side is set for some serious development.
The newly acquired land is buzzing with potential. Plans are already in place for 380 apartments and 32,000 square feet of retail space, all coming together under the catchy name “Whitney Village.” This area will be a pedestrian haven, allowing visitors to enjoy a variety of shops and dining options without the hassle of cars.
Whitney Village isn’t just designed for the average shopper. It will feature 50 residential units right above the retail spaces, catering specifically to local employees—like those working at the YMCA—at attainable price points!
There’s more in store! A striking five-story apartment building, named The Henry at Whitney Village, will house approximately 325 apartments. And for those worried about parking—no need! A 600-space parking garage will be available, including designated areas for YMCA members and retail patrons.
This development aims to promote a walkable lifestyle, creating a lively urban environment for all. The focus on small apartments and studios means that not only will there be more housing options, but there will also be choices specifically designed for local staff, including YMCA employees!
Greystar Real Estate Partners and BLAKE Investment Partners are crafting this unique vision with family-friendly architecture in mind. Collaborating with local architectural firms like Place Architecture and WJ Architects, they aim for designs that reflect the community while promoting accessibility and warmth.
With the Development Review Commission giving the green light with a unanimous approval and a few conditions, it looks like the project is ready to roll. Groundbreaking is anticipated within the next 60 to 90 days, further demonstrating the commitment to tackle the city’s housing shortage with a focus on vibrant residential spaces.
The YMCA’s initiative is not just about new buildings; it reflects a dedication to enhancing community health and wellness. With features aimed at fostering connections among residents, the design will include walkable sidewalks and a vibrant atmosphere that everyone can enjoy.
As St. Petersburg welcomes this exciting development, residents can look forward to a new chapter in the Grand Central District. With the combination of updated facilities and new housing options, it’s sure to enhance the community’s charm and provide much-needed amenities for all to enjoy!
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