Downtown St. Pete’s Historic McCrory Building Sold to Miami Investor
/Last week a Miami real estate investment group closed on the purchase of Downtown St. Pete’s historic McCrory Building at 433 Central Avenue. The sale, which is one of many recent transactions in the immediate area, sold to Tricera Capital for just under $6 million.
The sale represents the ninth acquisition for the group in the greater downtown area. In addition to 433 Central Avenue, Tricera also owns 658-670 Central Avenue which houses restaurants such as Pacific Counter, Maple Street Biscuit Company, and Brass Bowl & Juicery as well as the Furnish Me Vintage building at 1246 Central Avenue. The group’s St. Pete holdings are primarily focused on the Central Avenue corridor in the Central Arts District, EDGE District, and Grand Central District.
Built in 1904, the McCrory Building served as the backdrop for many historic photos of St. Pete’s iconic green benches. The building’s current tenants include Pin Wok & Bowl, La V Vietnamese Fusion, and Luna Loca in the ground floor and the Rising Tide Innovation Center in the 2nd floor office space.
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More than six years after the Wagon Wheel Flea Market closed its doors, plans are taking shape to redevelop the sprawling property that was once home to one of Pinellas County's most popular weekend shopping destinations.
Pinellas Park-based Belleair Development Group is under contract to purchase approximately 156 acres at 7801 Park Boulevard North, where the Wagon Wheel and Mustang flea markets operated for more than five decades before closing in 2020.
Christian Yepes, owner of Belleair Development Group alongside his father, Carlos Yepes, confirmed the company is exploring options for a mixed-use development that could bring residential and commercial uses to the largely vacant property.
“We are extremely grateful for the opportunity to develop such a landmark in Pinellas County. We are currently in the midst of due diligence and are exploring mixed-use development options at the site,” Yepes said in a conversation with St. Pete Rising.
The property is currently owned by the family of Hardy Huntley, who founded the Wagon Wheel Flea Market with his wife, Janet, in the 1960s.