Four groups vie to develop 1.3-acre Tomlinson site near Mirror Lake in downtown St. Pete
/In November, the Pinellas County School Board (PCSB) announced their desire to redevelop the 1.3-acre Tomlinson Adult Learning Center site near Mirror Lake in downtown St. Pete.
The site sits on the west side of Mirror Lake at 296 Mirror Lake Drive North and is composed of the former Tomlinson Adult Learning Center building, which sits on the corner of Mirror Lake Drive and 3rd Avenue North, along with two surface level parking lots that front 8th Street and are bordered by Burlington Avenue and 3rd Avenue North.
The school board issued a Request for Proposal (RFP) with the goal of preserve the existing Tomlinson building in addition to addressing the shortage of workforce housing for school district teachers and employees in Pinellas County.
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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.