UPDATED: First look at reimagined mixed-use Sundial (RENDERINGS)

Ally Capital Group, a Tampa-based real estate investment firm, and Paradise Ventures, a St. Petersburg-based real estate firm, have unveiled the first look at the reimagined mixed-use development, the Sundial.

Designed by Behar and Peteranecz, a St. Petersburg-based architecture firm, the reimagined Sundial will feature multimillion dollars in improvements designed to revitalize the once upscale retail destination into a modern mixed-use urban destination, according to a statement.

“We have a unique opportunity to create a centralized gathering and shopping space that can grow with our city,” said Mike Connor, president and chief executive officer of Paradise Ventures, in the statement. “A space that compliments the development landscape of St. Petersburg and that is a long-term investment in the city.”

In addition, Ally Capital Group and Paradise Ventures has partnered with House of Current, an Atlanta-based agency specializing in storytelling through branding, social, and design.

“Placemaking is important, and the new Sundial is designed to be an extension of the community,” said Andrew Wright, CEO of Ally Capital Group. “A place that enhances the city socially, economically, and culturally. A space where celebrations are had, where business is done and where friends run into each other.

Paradise Ventures and Ally Capital Group closed on the Sundial property in early 2022, purchasing the property from Bill Edwards, who had owned the property since 2011.

Architectural and engineering design is currently underway with infrastructure improvements set to begin later this spring. The team expects to reintroduce the property at the end of the year.

[image_slider_no_space on_click=”prettyphoto” height=”300″ images=”23088,23087,23086,23085,23084,23083″]

You May Also Like

Tampa’s CoreX Legal joins with New York firm

Tampa’s CoreX Legal has joined with Bochner, an international law firm based in New York City. Bochner serves startups to Fortune 500 companies, both nationally and globally. This move expands

Thomas Financial and Johnson, Kendall & Johnson announce partnership

Thomas Financial and Johnson, Kendall & Johnson have entered into partnership to bring personal and commercial property and casualty services to the Tampa Bay area under the umbrella of Thomas

Richard Gonzmart and Andrea Gonzmart Williams to be honored as 2024 Persons of Vision

Preserve Vision Florida will honor Richard Gonzmart and Andrea Gonzmart Williams as its 2024 Persons of Vision, in recognition of their leadership in Tampa Bay. The 45th Annual Person of

Author Update: Edward Valaitis launches audiobook for Exit Like A Winner

Edward Valaitis, founder and managing partner of Edison Avenue, in Tampa, launched his book, Exit Like a Winner, in May of 2022. The book is now available as an audiobook,

Other Posts

Franklin Street names Garet Marr as Tampa regional managing director

Franklin Street has named Garet Marr as regional managing director of the firm’s headquarters, in Tampa. Marr will join Patrick Kelly, regional managing director, in overseeing and growing the firm’s

University Area CDC names new chief operating officer

University Area Community Development Corp. has named LaTiecea Hailey-Brown, former principal of Mort Elementary Community School, as chief operating officer. “LaTiecea truly has a proven track record of success and

Dow Technologies expands partnership with Kicker

Dow Technologies, an independently owned technology distributor, in Tampa, has expanded its partnership with Kicker as its new authorized distributor, in Florida. Dow currently distributes Kicker in Alabama, Georgia and

Brian Kornfeld and Dan Greco launch mental performance platform for youth athletes

Two Tampa Bay serial entrepreneurs have launched a new platform designed to support the mental health side of youth athletics. Co-founders Brian Kornfeld, the previous chief executive officer of Synapse,