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JV Building $115M Rays Stadium Residential Project – Connect CRE

by | Jan 4, 2024 | 0 comments

Black Salmon and LD&D acquired 0.77-acre parcel in St. Petersburg for $9.05 million. Plans call for the joint venture to develop Gallery Haus, a $115 million mixed-use multifamily project.

LD&D and Black Salmon acquired the asset from Apogee Real Estate Partners. Located at 155 17th Street South in the downtown corridor, plans call for a 23-story luxury multifamily building encompassing more than 10,000 square feet of amenity, coworking space, and 5,000 square feet of ground-floor retail. The property is slated to break ground in Q4 2024.

Baker Barrios Architects will design the project. Directly across is the Rays’ Tropicana Field, which will be redeveloped into a $6.5 billion mixed-use development and stadium in partnership with development firm Hines, the biggest redevelopment deal in Pinellas County history. The Rays stadium district development further emphasizes mixed-use retail and experiential options centered around large collegiate or professional sports stadiums and their increasing growth in popularity across the US. 

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