Clearwater developer adds to growing assemblage in St. Pete's Old Southeast neighborhood
By Emma Behrmann
Tampa Bay Business Journal
Published: Oct 23, 2025

The Clearwater developer that's assembling land along Salt Creek in St. Petersburg’s Old Southeast neighborhood has snagged another property.

Prometheus Partners acquired a 3.4-acre site at 333 16th Ave. S that was marketed by Colliers as a midrise multifamily or mixed-use redevelopment site near downtown St. Pete. The property sold for $7.5 million, according to a deed filed Wednesday, to a limited liability corporation linked to the Clearwater developer. The acquisition brings their assemblage to more than 15 acres.

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