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Florida & Gulf Coast  + Central Florida  + Apartments  |  October 3, 2022
Marina Club Apartments LLC has engaged Skanska for $111 million to build a mixed-use building in St. Petersburg, FL.
Lisa McDuffie
By: Lisa McDuffie

Marina Club Apartments Hands Skanska $111M to Build Mixed-Use in St. Petersburg

Skanska has signed a contract with Marina Club Apartments LLC to build a mixed-use building in St. Petersburg, FL. The contract is worth $111 million.

The multifamily-led project will consist of an eight-story pre-cast building totaling 610,000 square feet with first-floor retail space overlooking Boca Ceiga Bay. The project includes construction of a new 400-unit apartment complex with a two-story podium parking garage, amenities deck, sky lounge, pool deck and grilling area, fitness center and dog park

“The rise of mixed-use developments has gained a foothold over the last decade as demand for communities with live-work-play environments has grown,” said Michael C. Brown, executive vice president and general manager of Skanska Florida.

Construction is expected to reach completion in December 2024.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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