Land Acquisition: Project Innovation
Sagamore Holdings, has completed Phase I and closed on the acquisition of a land parcel in St. Petersburg, Florida. The property is located in the Innovation District of St. Petersburg. Immediately south of downtown, the Innovation District is a cluster of higher education, marine science, healthcare, business incubation, and media institutions with substantial growth planned by the city. Anchored by John Hopkins hospital and University of South Florida – St. Petersburg campus, we believe this acquisition to be an exceptional investment located within the Opportunity Zone.
We are eager to begin our work to complete a development project that fits the goals of the community, our investors, lenders and business partners.
For more information on the St. Petersburg Innovation District, please click on the following link to the Visioning Summary published by the City of St. Petersburg.