St. Petersburg Forida
An international art and tourist hub
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With a population of 254,000, St. Petersburg is Tampa Bay metro area’s second-largest city. Located on Florida’s gulf coast, the Venice of the North is popular for its variety of museums, gardens, tours, and restaurants. Aside from retaining much of its resort-town flavor, the city has become a top arts destination, with art lovers flocking the city’s six art districts, dynamic Dali Museum, and the Dale Chihuly world-famous glass collection. As one of Florida’s biggest cities, St. Petersburg has thousands of businesses. With its flourishing marine and environmental sciences institutions drawing more people, the city is one of the best places to do business or invest in real estate.
Culture, History, and Business
St. Petersburg was co-founded in 1888 by John C. Williams, the purchaser of the land, and Peter Demens, who helped bring the Orange Belt Railway terminus in the area. With a population of 300, the area was incorporated as a town in 1892. In 1899, Henry W. Hibbs established a wholesale fish business, the first major industry in the town. With the incorporation of St. Petersburg as a city in 1903, downtown waterfront developed over the next few years. The city experienced tremendous growth in the 1920s, bringing with it numerous tourists and notable architecture. Today, St. Petersburg is a major art destination.
Moreover, the city has a booming art and culture scene that goes beyond the limits of the state. St. Petersburg represents this through its world-renowned museums, independent galleries, outstanding performing arts, and a community of artisans and crafts-people who are closely-knit. Among the city’s many museums are the Salvador Dali Museum, the Museum of Fine Arts, the Chihuly Collection at Morean Arts Center, and Florida CraftArt. New and antique performing art venues are scattered all over the city. A few examples are Mahaffey Theater, the Palladium, the St. Petersburg Opera Company, and freeFall Theater.
St. Petersburg’s business environment is also vibrant, with thousands of companies situated in the city. Over 2,700 firms are based downtown, which is the city’s business hub. Major employers in St. Petersburg include Fortune 500 companies such as Jabil, Raymond James Financial, and Tech Data. Also, four institutions of higher learning call the city home, attracting talent from around the US. They include the University of South Florida campus, Eckerd College, Stetson University College of Law, and St. Petersburg College.
Real Estate Appeal
The St. Petersburg real estate market is one of the best to give a try. With its several industries, the city has a strong and diverse economy. Also, the city’s population of 254,000 plays a key role in creating a high demand for housing in the area and, therefore, making the real estate market lucrative. With a median home value of $228,448, St. Petersburg is not only cheaper than most parts of Florida but also a great investment opportunity for investors. Home values have appreciated 6.1% since last year, meaning you can get great profits from your investment in the city. Investing in St. Petersburg at this time will be a smart choice.
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