PETERSBURG, FL – Kucera Properties, a leading Florida real estate firm with quality commercial and residential holdings, including its Class A high rise Priatek Plaza, today announced plans for a build-to-suit opportunity on property it owns downtown with the potential to feature more than 250,000 square feet of space at an estimated price tag of more than $85 million.
Rising on the firm’s property bordered by 3rd Street to the west, Central Avenue to the north and 1st Avenue South to the south, the Class A mixed-use structure estimated for completion in 2017 includes plans for a four-star flagged hotel.
“We’re excited to announce our vision for the newest addition to the inventory of preeminent structures in our incredible city that add immensely to the positive experience for everyone who chooses to live, work and play in downtown St. Petersburg,” said Darin Kucera, Managing Partner of Kucera Properties. “Taking this bold step is evidence of our belief in the vibrant, promising future of downtown and the continued strength of the local, state and national economy. This promising new venture here in St. Petersburg is one of the first steps in executing our firm’s strategic plan for all of Florida.”
Acknowledging there are obviously numerous details to be finalized, Kucera said plans call for:
Kucera Properties is a family owned and operated commercial and residential real estate company proudly headquartered in downtown St. Petersburg, FL. The firm manages a variety of Class A office buildings such as Priatek Plaza and McNulty Station. With 28 floors and a height of 386 feet, Priatek Plaza is the tallest office building in Pinellas County and among the three tallest on Florida’s west coast.
The tower has more than 309,000 square feet of office and retail space and currently boasts a 90% percent occupancy rate, with just over 30,000 square feet still available for a quality tenant seeking a 5- or 10-year lease.
Kucera Properties also has a thriving residential real estate division specializing in unique, ultra-high-end private residences throughout the United States.
For more information, please visit www.kuceraproperties.com.
Contact: Andrew Bowen, APR