Kahwa Coffee opening new café near Coquina Key in south St. Pete
/Kahwa Coffee Roasters plans to open a new location at 400 45th Avenue South, a stone’s throw away from the Lewis Boulevard bridge to Coquina Key. It will be the company’s seventh coffee shop in St. Petersburg and eighth in Pinellas County.
The 1,750 square foot building sits at the southwest corner of 45th Avenue South and 4th Street South and has ample parking and area for outdoor seating. It was most recently home to Coquina Key Food & Beverage, a community convenience store.
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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.