Black Salmon and LD&D have acquired a 0.77-acre vacant parcel in St. Petersburg, Florida. The $9.05 million purchase from Apogee Real Estate Partners prompts the joint venture between Black Salmon and LD&D to develop Gallery Haus, a $115 million mixed-use multifamily project.
The acquisition marked LD&D’s second in the Tampa Bay area in 2023. Slated to break ground in late 2024, plans include a 23-story luxury multifamily building, with more than 10,000 square feet of amenities and coworking space, and 5,000 square feet of ground-floor retail.
Gallery Haus, designed by Baker Barrios Architects, will be directly across from the Rays’ Tropicana Field, which is set to be redeveloped into a $6.5 billion mixed-use development and stadium in partnership with development firm Hines.
“The Tampa Bay area of St. Petersburg continues to evolve, and we are proud to be a part of the city’s next era, positively serving new residents who desire to live here,” says Diego Bonet, managing partner of LD&D. “This project illustrates our continued commitment to the growth we’re seeing, especially in St. Petersburg, where relocation rates are 20% higher than the national average. Young professionals who work from home are actively pursuing areas with lower living costs and enhanced overall satisfaction in living standards.”
Located in a prominent downtown St. Petersburg Opportunity Zone and on the 75-mile Pinellas Trail, the development will be set among art galleries, bars, and dining options at the intersection of the Edge District and the Warehouse District.
“The acquisition of this land parcel is a milestone in our partnership with LD&D as we continue our collective commitment to crafting residences that seamlessly blend luxury, innovation, and community,” says Camilo Lopez, managing partner and co-CEO of Black Salmon. “This project represents our dedication to cultivating spaces for modern living in dynamic environments that resonate with evolving cities like St. Petersburg."
Together, LD&D and Black Salmon have developed the soon-to-open multifamily project Wynwood Haus in Miami. The firms note that the new Tampa Bay project will mirror Wynwood Haus' winning elements. It aims to replicate the thriving community model with a live-work-play lifestyle.
