Vintage cocktail bar and lounge Lost & Found to debut next month in the Grand Central District
/I can recall an era when there were such things as VHS tapes, when people made collect calls, when the Rubik’s Cube was the ultimate IQ test.
Now, the entire world is in the palm of our hands. And while there is something incredible about such instantaneous information and interaction, I feel we’ve also lost something crucial – a sense of detachment from the world. A world free of social-media trolling, deep fake videos, and Zoom meetings.
Everything seemed simpler back then. Or maybe I’m just reaching the “get off my lawn” stage of life.
While I sometimes find myself decade daydreaming, I won’t have to any longer thanks to a new vintage cocktail bar and lounge coming soon to downtown St. Pete.
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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.