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Places This Week: Salt Creek Marina sells

St. Petersburg, FLLocal News

Prometheus Partners LP has finalized the acquisition of Salt Creek Marina in St. Petersburg, demonstrating the city's appeal in the real estate sector. The deal, which closed on November 8, 2024, was valued at $16. 425 million, emphasizing the premium placed on waterfront properties. Situated at 107 15th Avenue SE, the marina connects to Bayboro Harbor, enhancing its attractiveness to potential investors and developers.

This sale is featured in a weekly roundup of significant local real estate news, indicating robust activity in the market. The transaction illustrates a wider trend of increasing investment in St. Petersburg's waterfront areas, which are critical for both recreation and economic growth. As the local population grows, the demand for such properties is expected to rise, prompting further developments in the region. The sale not only affects the immediate area but could also have implications for the broader St.

Petersburg economy. Such high-profile acquisitions are likely to influence future real estate trends, making it an important story for local stakeholders.

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