Mediterranean fast-casual restaurant Cava is coming soon to 4th Street in St. Pete
/A fast-casual Mediterranean restaurant chain with a build-your-own-bowl business model is coming soon to St. Pete.
Cava will take over the former Zoës Kitchen, which closed in 2020, at 1320 4th Street North.
Other Zoës Kitchen locations around Tampa Bay will also be converted to Cava-branded restaurants, including the Tampa outpost on South Howard and the Carrollwood location.
In November 2018, Cava Group Inc. acquired all 261 locations of Zoës Kitchen for $300 million. Ever since, the company has been flipping Zoës Kitchen locations across the country.
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Several prominent properties in the EDGE District have sold for $12 million.
According to a deed recorded October 6th, developer PTM Partners sold the three-story building at 1246 Central Avenue and the street-level retail spaces at the adjacent Moxy hotel to L3 Capital, a Chicago-based private equity real estate investment firm that focuses on urban retail.
The 27,261-square-foot building at 1246 Central Avenue is home to Bosphorous Turkish Cuisine and Amorino Gelato on the ground floor. Digital marketing company WebFX has signed a lease for the third floor but has not yet moved in, while the approximately 8,700-square-foot second floor remains available for office tenants.
The sale also includes the Moxy hotel’s 3,407 square feet of ground-floor retail space, occupied by Floyd’s Barbershop and Solidcore. It does not include the 163-room Moxy hotel itself, which remains part of PTM Partners’ EDGE Collective development.
James Garner and Jim Shiebler of CBRE represented PTM Partners and L3 Capital in the transaction.