The completion of a multimillion-dollar corporate headquarters in the city’s Gateway area Tuesday is a good sign that the area’s economic recovery is gaining momentum, city officials said.

American Strategic Insurance’s new three-story, 11,000-square-foot headquarters near the intersection of Gandy Boulevard and Dr. Martin Luther King Jr. Street North is the first phase of a $42-million expansion by the St. Petersburg-based insurer.

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The Perry Company wins the NAIOP’s Best Office Project of 2013 award.

The Perry Company was selected to construct two 151,294 SF three story office buildings accompanied by a five story parking deck. This corporate headquarters for American Strategic Insurance includes executive offices, data center, call center, fitness center as well as a daycare center. The project consisted of the development of thirteen acres, emergency generator back-up system and accommodations for over 1,000 cars.

From the Tampa Bay Business Journal: The Charles Stark Draper Laboratory Inc. bought a 41,000-square-foot building in St. Petersburg where it plans to manufacture microchips for the military.
Boston-based Draper paid $7.75 million for the “class 101 clean space” at 10050 16th St., N. The building features 23,000 square feet of office with 17,000 square feet of what’s deemed “clean space,” NAI Tampa Bay said in a release.

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An 18,000 SF, state of the art facility geared towards flight simulator training.