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Wal-Mart selling apartment complex site

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Tenants of a planned apartment complex in northeast St. Petersburg won’t be writing their rent checks to Wal-Mart. Wal-Mart (NYSE: WMT) is selling the property on which the proposed apartments would be developed The company owns the 27-acre parcel on Gandy Boulevard and, as the owner,  is seeking city approval for the apartment project. The property between Brighton Bay Boulevard NE and Mangrove Cay Lane NE has been for sale, and city approval would benefit the sale process, especially for a…

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