Partner play: Developer works the system with its approach to deals

With some $10 million in recent purchases, the DeNunzio Group is in for the ongoing downtown St. Pete boom. It even has a secret to getting city approvals.

Mark Wemple. Dustin DeNunzio’s property development company, the DeNunzio Group, plans to develop a mixed-use tower at the Christ United Methodist Church parking lot in downtown St. Petersburg.
Mark Wemple. Dustin DeNunzio’s property development company, the DeNunzio Group, plans to develop a mixed-use tower at the Christ United Methodist Church parking lot in downtown St. Petersburg.
  • Tampa Bay-Lakeland
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Churches enjoy tax-exempt status. But religious organizations still have bills to pay for property maintenance, and sometimes it makes more business sense to sell off assets rather than pay for upkeep.

 

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