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Title
Purchase authorization agreement with CBRE Inc., for Young-Rainey Star Center Redevelopment.
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Recommended Action:
Recommended Action
Approval by the County Administrator of the purchase authorization agreement with CBRE, Inc., for Young-Rainey Star Center Redevelopment.
• This contract will consider design, construction, financing, operations, and long-term asset management for Star Center Redevelopment.
• Pricing is per State of Florida, Department of Management Services Agreement DMS-22/23-007A with a County standard terms and conditions agreement in addition to the state’s master agreement; not-to-exceed amount of $195,000.00 effective through April 8, 2029. The state contract has a 5-year renewal option.
• The County Administrator has authority to approve purchases in any amount from the State of Florida awarded contracts, per Code Section 2-164 (b)(1).
• Funding for this agreement is included in the FY26 budget for Economic Development within the STAR Center Fund. Funding for future years is dependent on approval in the annual County Operating Budget.
Contract No. 26-00012-PB in the total not-to-exceed amount of $195,000.00 effective through April 8, 2029.
Body
Strategic Priorities:
Resilient Infrastructure and Environment
1.2 Maintain and enhance County infrastructure.
1.5 Strengthen resilience and adaptation.
Summary:
This agreement allows for solicitation development for the comprehensive redevelopment of the 69-acre site that will consider design, construction, financing, operations, and long-term asset management.
Background/Explanation:
Pinellas County desires to reposition the STAR Center as a premier industrial and manufacturing campus that supports targeted industries and drives long-term economic growth. Building on prior planning, analysis, and site evaluations, the County will advance an executable redevelopment strategy focused on retaining and expanding existing tenants including coordination with a potential anchor tenant while attracting new users aligned with priority industry sectors. The comprehensive redevelopment of the 69-acre site will encompass design, construction, financing, operations, and long-term asset management. Through strategic site planning, a thoughtful tenant mix, and alignment with market conditions, the initiative seeks to enhance the site’s overall economic performance while supporting broader countywide goals for job creation, capital investment, and strengthening the County’s position within key industrial and manufacturing sectors.
Fiscal Impact:
Total expenditure not-to-exceed amount: $195,000.00
Funding for this agreement is included in the FY26 budget for Economic Development within the STAR Center Fund. Funding for future years is dependent on approval in the annual County Operating Budget.
Delegated Authority:
Authority for the County Administrator to sign this purchase authorization is granted under Code Section 2-164 (b)(1).
Staff Member Responsible:
Dr. Cynthia Johnson, Director, Economic Development
Merry Celeste, Purchasing Division Director, Office of Management & Budget
Chris Rose, Director, Office of Management and Budget
Partners:
N/A
Attachments:
Agreement