163-key Moxy hotel planned for St. Pete’s EDGE District lands $42 million construction loan

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163-key Moxy hotel planned for St. Pete’s EDGE District lands $42 million construction loan

A mixed-use development planned for downtown St. Pete’s EDGE District is moving forward and will break ground later this month after landing a $42 million construction loan from Forbright Bank.

The project, known as the Edge Collective, is a joint venture between Miami-based PTM Partners (PTM) and Fort Lauderdale-based and DoveHill Capital Management.

“We are excited to partner with Forbright Bank and break ground on a true mixed-use development that will complement the EDGE District’s abundant energy and become a destination experience,” says Scott Meyer, Chief Financial Officer of PTM Partners.

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23-story apartment tower approved near Mirror Lake in downtown St. Pete

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23-story apartment tower approved near Mirror Lake in downtown St. Pete

Yesterday, the City of St. Pete administratively approved a site plan and density bonuses for a 23-story apartment tower proposed for the southeast corner of 3rd Avenue North and 5th Street across from the Mirror Lake Community Library in downtown St. Pete.

The 0.94-acre property was purchased in January for $15.5 million by Las Vegas-based Ault Global Real Estate Equities (AGREE), a subsidiary of BitNile Holdings, and Schock and Haywood Development led by Aaron Schock and Josh Haywood.

Back in 2018, a 21-story mixed-use residential building was approved by the City’s Development Review Commission. Although that approval is still in effect, the new owners have opted to redesign the building with a modernized design.

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$300 million mixed-use development anchored by Moffitt moves forward in downtown St. Pete

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$300 million mixed-use development anchored by Moffitt moves forward in downtown St. Pete

A $300 million mixed-use development proposed for 800 1st Avenue South in downtown St. Petersburg took a step forward after presenting to the Community Benefits Advisory Committee (CBAC).

Initially proposed in August 2021, the project is a result of an unsolicited offer from Moffitt Cancer Center, UPC Insurance Holdings Corp., and developer TPA Group. The group envisioned a mixed-use campus that is anchored by a 75,000 square foot Moffitt Cancer center outpatient building on a 4.59-acre site at 1st Avenue South and 8th Street.

Moffitt plans to offer comprehensive cancer care for the first time in Pinellas County. Services at the site will include clinical trials and research studies, medical oncology, hematology oncology, radiation therapy, infusion, advanced imaging, and screening and diagnostic services.

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The Twisted Indian debuts in the Grand Central District

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The Twisted Indian debuts in the Grand Central District

Downtown St. Pete is filled with incredible restaurants serving a variety of cuisine. Hungry residents and visitors can indulge in Venezuelan, Portuguese, even Nordic/Asian fusion. But for whatever reason, there is very little Indian food.

Luckily, we have The Twisted Indian.

Owner Lokesh Vale introduced the concept to St. Pete in 2016 with the unveiling of The Twisted Indian food truck. It quickly became a staple at downtown’s Saturday Morning Market. And in 2019, The Twisted Indian graduated from food truck to food hall.

But if the rave reviews are to be believed, The Twisted Indian is deserving of its own dedicated restaurant space. And that’s exactly what we’ve got. Last week, after a year a planning, Vale debuted The Twisted Indian’s first brick-and-mortar location at 2639 Central Avenue in the Grand Central District.

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19-story apartment building approved for 1st Avenue North in downtown St. Pete

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19-story apartment building approved for 1st Avenue North in downtown St. Pete

Last Wednesday, St. Pete’s Development Review Commission unanimously approved a 19-story apartment tower at 1641 and 1659 1st Avenue North in downtown St. Pete.

The project, which was first proposed in January, will feature 244-units along with a 256-space parking garage. St. Pete-based HP Capital Group and Chicago-based Tandem Partners are the developers.

HP Capital is the team behind Reflection, a 18-story condo tower under construction at 300 8th Street North, and a 264-unit affordable housing development proposed for Fairfield Avenue near the Warehouse Arts District.

The approved building on 1st Avenue North will include parking on the first through fourth floors with a total of 256 parking spaces, exceeding the 154 spaces required. 244 bicycle parking spaces will also be available.

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23-story apartment building approved for 17th Street near Tropicana Field in downtown St. Pete

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23-story apartment building approved for 17th Street near Tropicana Field in downtown St. Pete

St. Pete’s Development Review Commission has unanimously approved a 23-story apartment tower at 155 17th Street South in downtown St. Pete. The building is the latest proposal for the western side of downtown St. Pete that is increasingly seeing larger developments.

The project is being proposed by St. Pete-based Apogee Real Estate Partners and will feature 204 apartments, 6,000 square feet of ground floor commercial space, and a 300-space parking garage.

“The site offers amazing views and access to all St. Pete has to offer being situated at the gateway to both the budding Warehouse Arts District and the Tropicana Redevelopment Site,” said John Barkett, Managing Partner at Apogee, to St. Pete Rising in April.

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Owners of Mangosteen open Green Pagoda on 4th Street in north St. Pete

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Owners of Mangosteen open Green Pagoda on 4th Street in north St. Pete

A new Asian fusion restaurant and cocktail bar has quietly opened in north St. Pete. Green Pagoda is located at 7900 4th Street North in the space formerly home to E.B.I. Sushi, and before that Hooks.

The new eatery is helmed by Sean Thongsiri with assistance from Serena Raynard.

Thongsiri also owns and operates Mangosteen, a popular tropical Asian restaurant and bar situated on Central Avenue’s popular 600 block. Another downtown restaurant, The Crane, is also in the works from Thongsiri.

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330-unit mixed-income apartments break ground on Lake Maggiore in south St. Pete

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330-unit mixed-income apartments break ground on Lake Maggiore in south St. Pete

A ceremonial groundbreaking was held last Friday for the Lake Maggiore Apartments, a 330-unit mixed-income apartment community coming to 6th Street South, just east of Lake Maggiore in south St. Pete.

Construction, led by NDC Construction, will officially kickoff in the first or second week of May and expected delivery of the project is scheduled for Q1 2024.

The project was first announced in October 2021 and is being developed by Stoneweg US, a St. Pete-based investment firm specializing in multifamily acquisitions and developments. The group purchased the 14.6-acre parcel, which was previously a mobile home park, in April 2021 for $6.4 million.

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Seafood restaurant and bar Cap’s to debut next month in downtown St. Pete

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Seafood restaurant and bar Cap’s to debut next month in downtown St. Pete

A new seafood restaurant and bar is slated to open next month on the Jannus Block in downtown St. Pete. Cap’s will be located at 226 1st Avenue North in a portion of the space recently vacated by MacDinton’s Irish Pub.

It’s springtime in Florida. The sun is out and that means dining outdoors, al fresco. Cap’s will only offer seating under the beautiful St. Pete sunshine; no indoor dining will be available. There will be 20 seats at the outdoor bar and 82 seats on the sidewalk along 1st Avenue North.

Cap’s is being helmed by St. Pete natives Jon LaBudde and Jeff Knight.

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Owners of Noble Crust to open Noble Tavern Off the Farm in downtown St. Pete

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Owners of Noble Crust to open Noble Tavern Off the Farm in downtown St. Pete

One of north St. Pete’s most popular and well-known restaurants, Noble Crust, has plans to open a new farm-to-table concept in downtown St. Pete. Noble Tavern Off the Farm is slated to debut in mid-2023 inside the recently completed Tru by Hilton hotel at 1650 Central Avenue in the Grand Central District.

The new restaurant is a joint venture between Noble Crust owners Jeff Strouse, Tj Theilbar, Tim Curci, and Chris Sweeney and the developer of the Tru by Hilton, Anthony Menna, President and Owner of Menna Development.

"We're extremely excited to create a new concept with this partnership,” stated Tj Theilbar, Co-owner of Noble Crust and Noble Tavern. “None of this would be possible if it wasn't for our hardworking and dedicated team members. We're eager to become a part of the Grand Central District and downtown St. Pete community."

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