The redevelopment of the battered Coquina Key Shopping Plaza is one step closer to reality.
In a four-to-one vote Tuesday evening, with commission member Valarie Nussbaum-Harris casting the sole “no” vote, the City Community Planning and Preservation Commission approved recommending that the city council should approve the development agreement with Stoneweg US, which plans to revitalize the shopping strip at 4350 6th St. S. into a mixed-use destination with housing and a potential grocer.
Stoneweg, a St. Petersburg real estate investment company that purchased the 110,500-square-foot shopping center for over $7 million, is proposing to build 458 residential units with workforce housing, 21,000 square feet of retail space and new amenities.
The site is situated between Lake Maggiore and the bay, providing scenic views, on the edge of the St. Petersburg city limits. Read more at www.stpetecatalyst.com
