A 330-unit multifamily development in St. Petersburg has hit the market less than a year after it opened.
Frank Carriera, senior managing director for JLL, said his company is “shooting for $110 million.” Stoneweg still owns the 14.6-acre property at 825 32nd Ave. S.
“It’s pretty typical for a lot of multifamily developers to build and stabilize and sell,” Carriera told the Catalyst. “Although that wasn’t the original plan with them (Stoneweg) on this one.”…