Historic Gas Plant District in St. Petersburg Florida is Hottest New Location for Companies on the Move

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    ONCE-IN-A-DECADE OPPORTUNITY

    Outstanding Class A Office Space in St. Pete's Newest Neighborhood

    Companies considering relocation or expansion have perhaps the best opportunity in the nation in St. Petersburg on Florida's west coast.  The City of St. Petersburg, Pinellas County, the Tampa Bay Rays, and Hines have reached a historic agreement to create a new state-of-the-art ballpark and transformational development on the 86-acre site where the Tampa Bay Rays’ current stadium sits, with phase 1 development expected to come online with the 2028 baseball season.

    Spanning 86 acres of publicly-owned land nestled in the middle of St. Pete, Florida, with one of the most vibrant and walkable downtowns in the nation, the Historic Gas Plant District represents an opportunity unlike any other in the Southeast.

    World-Renowned Development Team

    The development team consists of Hines, one of the world's largest developers, world-class affordable housing developer Dantes Partners, and the Tampa Bay Rays, the region's Major League baseball team located in St. Petersburg. Gensler will serve as the master plan architect, with Populous as the stadium architect. Storyn Studio for Architecture will serve as local architect, EDSA and Hood Design Studio will provide landscape design, and the civil and transportation engineers will be Kimley-Horn.

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    Multi-Use City Center to Include Office, Residential, Retail, and More

    The dynamic $6+ billion destination district is planned to include:

    • Stadium: New ballpark with 30,000+ seats
    • Office: 4 million sf of office/medical
    • Retail: 750,000 sf
    • Residential: 4,800 market rate units
    • Affordable/Workforce Units: 1,250 (on and off-site)
    • Conference: 90,000 sf conference, ballroom, and meeting space
    • Hotel: 750 keys
    • Entertainment/Music: 100,000 sf
    • Public Open Space: 14 acres

    The multi-use city center will reflect the diverse and rich culture of St. Petersburg and adhere to principles developed through community engagement, including equitable opportunity, vibrancy, and economic vitality for years to come. Phase 1 is scheduled to create a thriving commercial mixed-use environment delivered in 2027 to coincide with the stadium's Opening Day in 2028 in beautiful downtown St. Petersburg, Florida.

    Key Features of the Historic Gas Plant District

    • Just off I-275 within 30 minutes of two international airports
    • Sustainable, market-feasible, mixed-use development in a high-intensity urban context, including retail, residential, hotel and conference space, office, recreation, and open space to provide synergy with a Major League Baseball stadium
    • Significant portion of phase 1 will be developed alongside the new Rays ballpark, which will be ready for the 2028 MLB season

    The Historic Gas Plant District is adjacent to St. Pete's Central Business District and near the City's higher education hub, the South's largest marine science cluster, and one of Florida's largest financial services clusters.

    Benefits for Business in St. Petersburg

    • Outstanding business climate: The tax advantages of Florida in the best-run city in the state
    • Talent: A broad base of local and regional workers in tech and beyond, fueled by more than 40,000 highly skilled graduates each year
    • Easy access: On the west coast of Florida, St. Petersburg is a short drive from Tampa, with three airports within a half hour of downtown St. Pete, allowing companies to attract employees from around the region and meet clients around the world
    • Innovation and creativity: From canvas to coding, the creative culture behind St. Pete’s 11 museums, hundreds of murals and exciting musical and performing arts is now found in the innovative mindset of entrepreneurs in tech, finance, science, and more
    • Unmatched quality of life: Great weather, water, outdoor life, 4 winning sports teams, many museums and all kinds of art in the Sunshine City aid employee recruitment and retention
    • Intentional inclusivity and equity: St. Pete welcomes everyone to the table, believing innovations, partnerships, and ingenuity create new opportunity for all

    See also Historic Gas Plant District Redevelopment  at the City of St. Pete and Historic Gas Plant District Development at the Tampa Bay Rays.

    Mike Swesey at St. Pete EDC
    LET'S TALK

    Want to learn more?

    Contact St. Pete EDC CEO Mike Swesey to talk about how your company could benefit by becoming part of the most exciting new development in the country.

    Meet St. Pete

    Email Mike to learn more about the opportunities for your business in the Historic Gas Plant District.

    Email Mike ➞

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    WE'RE #1


    Florida is consistently ranked one of the best states for business, both in terms of economics and workforce. The City of St. Pete has won numerous awards and accolades for community and business opportunities. We offer a lifestyle that is easy to love and hard to ignore.

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