What Belleair Development does

Belleair Development Group (dba BelleAir Group) is a privately held Florida real estate development firm headquartered in Pinellas Park, FL, focused on commercial retail and multi-family projects across the Tampa Bay region. Founded in 1997 and operating with 1–10 employees, the company identifies, entitles, and markets development-ready sites at high-visibility intersections spanning Pinellas, Hillsborough, Pasco, and Polk counties. Its active portfolio includes five featured assets — the 495,000 SF Shoppes at Park Place in Pinellas Park, US 41 & Symmes Rd in Riverview, SR 52 & Nature Trail in Hudson, S. Florida Ave & Poppell in Lakeland, and Gunn Hwy & Sheldon Rd in Tampa — ranging from single-tenant bank and gas station pads to grocery-anchored and big-box retail centers.

The company's business model is project-based and transactional: it acquires or assembles land, secures entitlements, leases anchor and pad space to national and regional retail tenants, and either holds stabilized assets or divests entitled parcels to institutional buyers and developers. Pricing is quote-based and not publicly disclosed. In early 2025, Belleair monetized its 15.5-acre Caspia assemblage at 705 Redbud Lane in Largo, selling the eastern 9.5 acres to Trammell Crow Residential for a 240-unit apartment project and the western portion to Southport Financial Services for a 168-unit development, both pursued under Florida's Live Local Act with 96 units reserved for affordable housing. The firm relies on its company website (bdgfl.com) as its primary marketing channel and has no disclosed technology, AI, or platform layer underpinning site selection or operations.

Name

Belleair Development

Legal name

Belleair Development Group

Website

https://belleairgroup.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Belleair Development Group is a privately held Florida commercial retail and multi-family real estate developer based in Pinellas Park, serving national retail tenants and institutional residential developers across the Tampa Bay region through site identification, entitlement, and parcel sales or leasing.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Land & Development Site Brokerage (BPAJABAG)

akta.pro secondary industries

Land Brokerage (Raw Land & Development Sites) (FSAEAJAD), Retail Brokerage (BPAJABAB), Retail & Mixed-Use Commercial Construction (IMAFACAB)

Keywords

• Commercial real estate development
• Retail property development
• Multi-family development
• Shopping center leasing
• Real estate site selection

Headquarters

HQ city

Pinellas Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Supply Chain

Distribution channels1 record

Marketing channels1 record

Core offering

Belleair Development Group develops commercial retail and multi-family real estate projects in the Tampa Bay region of Florida. The company identifies, develops, sells, and leases prime intersection commercial sites and retail shopping centers to national and regional retail brands, and also develops or sells multi-family residential parcels to residential developers and investors.

Product overview

Belleair Development Group is a commercial retail and multi-family real estate development company. The company offers a portfolio of commercial properties including retail shopping centers (Shoppes at Park Place, S. Florida Ave & Poppell), individual commercial sites (US 41 & Symmes Rd, SR 52 & Nature Trail, Gunn Hwy and Sheldon Rd), and develops multi-family residential projects. Projects range in size from single-tenant banks and gas stations to larger big box and grocery-anchored retail centers.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Retail Shopping Centers

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Kitson & Partners: Florida-based real estate developer known for large-scale master-planned communities and mixed-use projects. Comparable as a Florida-focused land assembler and developer.
• Stiles Corporation: Fort Lauderdale-based full-service commercial real estate firm operating across Florida, with office, retail, industrial, and residential development. Comparable in commercial development focus and long-standing Florida market presence.
• The Kolter Group: Florida-based real estate developer with residential, commercial, and mixed-use projects across Tampa Bay and South Florida. Direct overlap in multifamily land development and commercial site selection.
• Atlantic | Pacific Companies: Florida-based multifamily developer actively pursuing projects under Florida's Live Local Act. Highly comparable given Belleair's recent Caspia Live Local Act transaction.
• Benderson Development: Florida-based, family-owned commercial real estate developer with a multi-million-square-foot retail and mixed-use portfolio across the state. Highly comparable in scale, geography, and focus on grocery-anchored and multi-tenant retail.

Others

• Cushman & Wakefield: Global commercial real estate services firm active in Florida retail leasing and investment sales. Serves as a broker/advisor in many of the same Tampa Bay retail and land transactions Belleair pursues.
• Trammell Crow Residential: Major national multifamily developer and a direct counterparty in Belleair's 2025 Caspia land sale. Included as an ecosystem participant/buyer rather than a same-side competitor.

Broad incumbents

• Regency Centers: National, publicly traded REIT focused on grocery-anchored shopping centers. Overlaps with Belleair's retail brokerage and grocery-anchored development focus, but operates as a public REIT acquirer rather than a developer.
• Phillips Edison & Company: Public retail REIT focused on grocery-anchored neighborhood and community shopping centers. Adjacent to Belleair's retail center focus as a major institutional buyer of the types of centers Belleair develops.
• The St. Joe Company: A large, publicly traded Florida real estate developer holding tens of thousands of acres of land. Broader incumbent operating in the same Florida development landscape, although at materially greater scale and geographic diversity within the state.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Belleair-Development-Group-
• LinkedInlinkedin.com/company/belleair-development-group

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Belleair Development