Blake Investment wins bid for $8B Tropicana Field redevelopment
A team led by Blake Investment Partners won a bid to redevelop St. Petersburg’s Historic Gas Plant District, home to Tropicana Field and one of the most sought-after development opportunities in the Southeastern United States. St. Petersburg Mayor Ken Welch selected Blake Investment Partners, led by St. Petersburg native Thompson Blake, to redevelop the 86-acre site, the Tampa Bay Times reported. Blake’s team includes the Related Group and hedge fund Elliott Investment Management. The firm beat out the competing finalist with “The Burg Bid,” a proposal to purchase 58 acres for $275 million and pour $8.1 billion into the project. […]This article originally appeared on The Real Deal. Click here to read the full story.
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