St. Pete Beach's first independent bookstore, Read the Waves, set to open later this year
/St. Pete Beach residents and visitors will soon be able to enjoy an experience that’s becoming rarer and rarer in these times: perusing the shelves of a locally owned, independent bookstore.
Read the Waves is coming later this year to 423 Corey Avenue, a space that was formerly home to Curvy Mermaid, which moved a few doors down, and As Above So Below Metaphysical Shop, which relocated to the Dolphin Village shopping mall.
The new bookstore was founded by April Elliott, a native of Dallas, Texas, who was a journalist before going to law school at Southern Methodist University in Dallas and then working as a criminal defense attorney in Colorado.
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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.