Elevated pan-Asian steakhouse Fortu will open in former Ceviche space in downtown St. Pete
/In January 2021, one of downtown St. Pete’s longest-standing restaurants, Ceviche, announced their move out of the space they had called home since 1997 and into the former Moon Under Water spot at 332 Beach Drive.
However, for over a year and a half, the former Ceviche space has sat vacant leaving many wondering what will replace the iconic restaurant.
Finally, we have our answer. By the end of the year, a new elevated pan-Asian inspired steakhouse will debut on the first floor of the historic Ponce de Leon Hotel at 95 Central Avenue. The restaurant will sit at the intersection of downtown St. Pete’s largest retail corridor, Central Avenue, and downtown’s original restaurant row, Beach Drive.
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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.