Miami developer gets $121 million loan for St. Petersburg project

  • By Louis Llovio
  • | 8:00 a.m. October 18, 2025
  • | 0 Free Articles Remaining!
Amara Bay Residences & Marina is under construction at 12000 Gandy Blvd. N. in St. Petersburg.
Amara Bay Residences & Marina is under construction at 12000 Gandy Blvd. N. in St. Petersburg.
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  • Tampa Bay-Lakeland
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Key International, a Miami real estate development and investment firm, has nailed down a $121 million construction loan for the development of a 39-acre mixed used development on Tampa Bay. 

The property is just off the Gandy Bridge as you enter Pinellas County from Tampa. 

The loan was issued by ABANCA USA, the U.S. division of an international financial group based in Spain. Terms were not disclosed. 

 

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