Announced

Historic Gas Plant District

The Historic Gas Plant District is an approximately 86-acre redevelopment of the Tropicana Field site in downtown St. Petersburg, Florida, aimed at restoring a historically Black neighborhood displaced decades ago by the stadium and interstate.

Official Website
Verified Sep 28, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open

Financed with $275M in 07.03.26.

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Details

1 Tropicana Drive, St. Petersburg. Financed with $275M in Jul 2026.

The story so far
Announced May 30, 2024
oftmw.com
Financing secured Jul 3, 2026Blake Investment Partners' "The Burg Bid" selected as master developer of the 86-acre district; ~$275M offer for ~58 acres with Elliott Investment Management as capital partner
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New development team selected Jul 3, 2026Mayor Ken Welch named Blake Investment Partners, with co-developer Related Group and capital partner Elliott Investment Management, to redevelop the 86-acre district, the third team in six years after the Hines and Tampa Bay Rays agreement collapsed.
oftmw.com
Expected opening date TBD
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
Supply pressure 23 · BalancedSt. Petersburg marketMarket →
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About the project

The Historic Gas Plant District is an approximately 86-acre redevelopment of the Tropicana Field site in downtown St. Petersburg, Florida, aimed at restoring a historically Black neighborhood displaced decades ago by the stadium and interstate. Under The Burg Bid, master developer Blake Investment Partners, with Miami's Related Group as co-developer, Elliott Investment Management as capital partner and the Pinellas County Housing Authority as a partner, plans an approximately $8.1 billion mixed-use district of residential neighborhoods, office, retail, hotel, civic and cultural space organized around a 13-acre central park. The team would buy roughly 58 acres for $275 million while the city retains about a third of the land. A Museum Row is anchored by the Woodson African American Museum of Florida, planned among the earliest pieces of the district, and the plan commits to more than 3,600 affordable and workforce homes, about half built within the district and half on sites across St. Petersburg. St. Pete firm Wannemacher Jensen Architects leads the design, and the multi-phase buildout is tied to community benefits honoring the Gas Plant legacy.

The St. Petersburg market 23 · Balanced supplyGas Plant District 4-project pipeline · 589 residences and keys · peak Late ’26 Explore the market →
Common questions

Frequently asked

Where is Historic Gas Plant District located?

Historic Gas Plant District is located in St. Petersburg.

When will Historic Gas Plant District be built?

Historic Gas Plant District is an announced development that has not yet started construction.

Who is developing Historic Gas Plant District?

Blake Investment Partners, The Related Group is the developer behind Historic Gas Plant District.

Who designed Historic Gas Plant District?

Historic Gas Plant District was designed by Wannemacher Jensen Architects.

Who is financing Historic Gas Plant District?

Historic Gas Plant District secured $275M in financing in 07.03.26.