Greenleaf Capital’s revised proposal to redevelop Tierra Verde Marina in St. Petersburg, Florida, was approved on Wednesday, 6 May 2026, after a divided vote by the city’s development review commission.
As reported by Kailey Tracy of FOX 13 News Tampa Bay, the commission approved the proposal in a 4-3 vote during a meeting that lasted more than four hours, with strong opposition from residents.
Greenleaf Capital submitted a revised version of the proposal in March 2026 after withdrawing an earlier plan in November 2025 following public criticism.
The approved plans include a new marina office, a three-storey amenity pavilion, upgraded fuelling facilities, public dining and bar areas, a pool, around 1,200sqft (111sqm) of retail space and 2,400sqft (223sqm) of office space.
The proposal also includes dry boat storage for vessels from 30-40ft (nine to 12 metres). The latest version reduced the maximum building height from 90ft (28 metres) to 72ft (22 metres) and lowered the dry storage capacity from 711 spaces to 500.
The developer also plans to demolish a nearby shopping strip and petrol station, with the updated layout expected to reduce daily traffic trips by about 37 percent. Developers also stated that the proposed dry-rack storage structures would be located nearly 100 yards from the nearest homes.
Local residents who opposed the project raised concerns about traffic, noise, hurricane safety, environmental effects and the scale of the development within the surrounding community.
According to the developer, permitting could take between six and nine months, while construction may take between 18 and 24 months.
