Delayed apartment tower in downtown St. Pete lands loan
By Henry Queen
Tampa Bay Business Journal
Published: Sep 19, 2024

REM Capital's plans for St. Petersburg have expanded to include a proposed 16-story apartment tower abutting the downtown exit of Interstate 375.

The Florida-based company purchased the property at 747 Fourth Ave. N last month for $3.49 million from Fourth North Holdings LLC. It also recently landed a $6 million loan from PSG Lending, according to a Pinellas County deed filed Sept. 4.

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