Toy and collectible shop Cultösaurus moving to Central Avenue
/Cultösaurus is in the process of relocating from 269 16th Street North to 529 Central Avenue, the former location of RockShop, a jewelry store that features hand-crafted works created by owner Carlos Lopez, the brother of Cultösaurus owner T.J. Lopez.
The move gives Cultösaurus, a store that specializes in a wide range of toys, books, art, and collectible items, a more visible presence in downtown St. Petersburg’s booming Central Avenue corridor. But it won’t happen right away, even though the 16th Street location is scheduled to shutter in the coming days.
“We have a few weeks to go before we finally move into the new place at 529 Central,” Lopez writes in an email to St. Pete Rising. “It’s been a long process, but we are making progress.”
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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.