Bainbridge to Bring More Apartments to EDGE District

Bainbridge to Bring More Apartments to EDGE District

“In an urban environment, one of the biggest deterrents of pedestrian traffic is a vacant lot,” says Jonathan Daou, owner of Eastman Equity, a commercial real estate investment firm.  Daou was able to recognize the EDGE District’s potential before its recent explosion in popularity. 

In 2014, he purchased a 1.5 acre plot of land at 930 Central Avenue for $1.7 million with the desire to renovate the vacant, dilapidated parcels and fill the empty lots that permeated the district.  Since then, Daou has amassed a significant portfolio of properties in the EDGE District with plans of turning the area into the most vibrant, pedestrian-friendly neighborhood in Downtown St. Pete. 

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Station House Expanding in the Central Arts District of Downtown St. Pete

Station House Expanding in the Central Arts District of Downtown St. Pete

In 2014 when Station House opened its doors, it was seen as one of the more ambitious reuse projects in Downtown St. Pete. Housed in a historic building erected in 1911, which was originally used as a fire station, a hotel called the Holland Hotel, and then a train station, Station House was seamlessly transformed into 5 floors of tech, food, co-work and pop-up space. Nearly two years after its opening, Station House’s office suites are now 100% occupied with approximately 30 people on the waiting list.

Building on their tremendous popularity, owner Steve Gianfilippo will take Station House’s success to the next level by expanding the concept into the trendy Central Arts District of Downtown St. Pete.

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35 Story Apartment Tower to Break Ground in Downtown St. Pete

35 Story Apartment Tower to Break Ground in Downtown St. Pete

After sitting vacant for over a decade, a long-beleaguered grass lot in the heart of Downtown St. Petersburg will finally be developed.  Construction is scheduled to begin this October on the Halcyon, a 35-story apartment tower located at the corner of 1st Ave N. and 2nd St. N.  A blue banner wrap advertising Manhattan Construction was erected last week on the site.

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Downtown St. Pete Development Update - Second Quarter 2016

Downtown St. Pete Development Update - Second Quarter 2016

Construction continued on some of Downtown St. Pete's largest developments during the second quarter of 2016.  Notably, ONE St. Petersburg is now going vertical, renters began moving into AER Apartments, and construction has started on one of DTSP's newest museums, The James Museum of Western and Wildlife Art.  Be sure to check out last quarter's development update to see each project's progression.

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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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