St. Pete tech headquarters converted to multifamily housing gets $5M refinancing
By Emma Behrmann
Tampa Bay Business Journal
Published: Mar 6, 2026

A historic block in St. Petersburg, once home to a tech headquarters, is now multifamily housing.

Azzam Properties Corp., which bought the block at 4355 Central Ave. for $1.86 million in 2021, secured a $5 million bridge loan to refinance a portion of its all-cash investment to convert the former church property into multifamily housing. Azzam will use the refinancing to recycle capital for other projects while continuing to lease up the property.

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