Red Apple Group Reveals Preliminary Render for 400 Central Avenue

Red Apple Group Reveals Preliminary Render for 400 Central Avenue

Less than a week after the 400 block of Central Avenue went under contract, a preliminary render has been released showing the location’s development potential.

Last Friday, it was revealed that Red Apple Group of New York City is planning on buying the 400 block containing the recognizable "cheesegrater" building for an undisclosed price. 

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Downtown St. Pete’s First Ramen Bar Opening Soon

Downtown St. Pete’s First Ramen Bar Opening Soon

For nearly a decade, ramen bars have been thriving in places like New York City and Los Angeles.  Hungry patrons sometimes wait for hours to enjoy an oversized bowl of Japanese noodle soup topped with an assortment of fresh vegetables and meats. In a few weeks, you can add St. Pete to the list of cities swept up in the ramen craze.  

Opening in the up-and-coming EDGE District, Buya Ramen (pronounced boo-yah!) will provide an izakaya, or Japanese gastropub, atmosphere that focuses on much more than just a bowl of Japanese comfort food.  In addition to ramen, owner/operator Michael Sponaugle says, “We will have the largest selection of Japanese whiskey in the Tampa Bay area, if not Florida.  By the time we are done, we hope to have the largest selection on the east coast.”
 

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The James Museum Comes to Life with Plans for a Fall 2017 Opening

The James Museum Comes to Life with Plans for a Fall 2017 Opening

After years of sitting vacant, more details have been announced about the planned museum at 100 Central Ave, the former site of now-defunct Universal Healthcare. Last night Tom James, Executive Chairman of Raymond James Financial, revealed details about his highly anticipated legacy project: the Tom and Mary James Museum of Western and Wildlife Art.

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Bicycles and Coffee Come Together as The Bikery Rides into St. Pete

Bicycles and Coffee Come Together as The Bikery Rides into St. Pete

Imagine sipping on a nitro coffee while shopping for a new bike or enjoying a pour over while admiring a vast collection of vintage racing bicycles.  The Bikery, a brand new haven for bicycle enthusiasts and coffee lovers is opening this week in St. Pete’s Grand Central District.  “The business is a 4 pronged approach,” says Taylor Norton, one of The Bikery’s managers. “You’ve got the coffee bar, bicycle service, bicycle sales and the fitting room.”  

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Pizza Box Opens on Central Ave in Downtown St. Pete

Pizza Box Opens on Central Ave in Downtown St. Pete

After years of honing his pizza prowess at local St. Pete establishments such as Tour de Pizza and Wood Fired, lifelong St. Pete resident Adam Duff, his brother Andrew, and wife Kelley, opened the doors to their new restaurant, Pizza Box, located at 923 Central Ave in Downtown St. Pete’s EDGE District.  Everything the eatery cooks is made in their 2,000 lb. white clay oven, including wood fired pizzas, meatballs, and vegetables.  “We don’t cook using any deep friers, flat top grills, propane, or electricity,” boasts Adam. 

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Downtown St. Pete High-rise Condominium Sales Strong but Supply Limited

Downtown St. Pete High-rise Condominium Sales Strong but Supply Limited

It has been asked before and will probably be asked again, “Can Downtown St. Pete continue to absorb all of the new residential units under construction?” In the short-term, the answer is yes and, with limited supply, new units are in high demand. 

There are around 1,500 residential units currently under construction in Downtown St. Pete.  Included in this figure are apartment complexes like the soon-to-be completed AER building and The Hermitage along with projects just going vertical like NRP’s new 9-story project just south of the Tampa Bay Times’ headquarters. While developers continue to be bullish on the Downtown St. Pete rental market they also continue to do well in the condo market.

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Tampa Bay Times Sells St. Pete Headquarters Building for $19 Million

Tampa Bay Times Sells St. Pete Headquarters Building for $19 Million

After being on the market for over a year, the Tampa Bay Times’ St. Petersburg headquarters building at 490 First Avenue South has sold for $19 million. On Friday, the Times announced Convergent Capital and Denholtz Associates formed a joint venture to buy the 250,000 square foot building. 

The eight-story complex spans three buildings the first of which was built in 1924 with additions in 1968 and 1988. The Tampa Bay Times currently occupies around half of the building and will remain in the building under a 15-year lease.

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Downtown St. Pete Development Update - First Quarter 2016

Downtown St. Pete Development Update - First Quarter 2016

Downtown St. Pete is awash in new developments -- over thirty projects are proposed or under construction.  To be honest, it's hard to keep track of it all!  Each quarter, we take our bike around the city and snapped some pictures of every active development.  The 'Burg was definitely booming in the first quarter of 2016.  We can't wait to discover what our beautiful city has in store next quarter!

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New Townhome Project Liv233 Planned for 4th Ave N

New Townhome Project Liv233 Planned for 4th Ave N

Residential projects continue to thrive in the Downtown St. Pete market, and as land values in downtown increase developers are continuing to look to smaller parcels of land to feed demand. On and around 4th Ave N developers are continuing to propose luxury small scale residential projects. At 233 4th Ave N a proposed 3 unit four-story townhome development called Liv233 is in the works. 
 

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801 Conway Residences Destined for Downtown St. Pete

801 Conway Residences Destined for Downtown St. Pete

The residential boom in Downtown St. Petersburg is showing no signs of slowing down.  One more project will add to the 2,000+ residential units that are either under construction or proposed for the downtown area.  This summer, construction will begin on 801 Conway, a new 35-unit townhome community located on the corner of Burlington Street and 8th Street North, just four blocks from the bustling Central Avenue.  Each residence will range from around 1,300 to 2,200 square feet.  

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