The city of St. Petersburg and Pinellas County have reached an agreement with the Tampa Bay Rays to construct a $1.3 billion stadium in the Historic Gas Plant District, currently occupied by Tropicana Field. The team, along with development firm Hines from Houston, announced this week that they have finalized a term sheet for the 86-acre property.
According to Hines Chairman and Co-CEO Jeffrey Hines, this is their largest project currently underway. The ambitious vision for the 86 acres includes a seven million-square-foot redevelopment plan featuring 5,700 multifamily units, 1.4 million square feet of office space, 300
