Habitat for Humanity breaks ground on 10-unit townhome community on 16th Street in south St. Pete
/Habitat for Humanity along with the City of St. Petersburg and Exact – Shell Dash, LLC have begun construction on a 10-unit townhome project at 1120 16th Street South in the Campbell Park neighborhood of St. Pete.
“The housing crisis that we’re in continues to really kind of amplify the challenges so many families are facing in our community. So today’s a good day,” said Mike Sutton, President & CEO of Habitat Pinellas and West Pasco. “We’re able to put some shovels in the ground and really show this community in South Saint Petersburg that, you know, there’s a great project coming.”
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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.