InvenTrust Properties will redevelop Gateway Market Center in the Tampa Bay area.
The 231,058-sq.-ft. shopping center is anchored by Target and Publix. The site is located at 7751-8229 9th St. N in St. Petersburg.
The project includes the demolition of approximately 60,000 sq. ft. of existing building area and the construction of several new buildings.
The project involves the development of two new anchor-sized buildings at the center and the addition of three new buildings for small shop tenants and restaurants. Two outparcel buildings will have large sidewalks and an outdoor seating area.
Construction is set to begin in the first quarter of 2022 with the project taking approximately 18 months to complete.