SunRunner celebrates record ridership, announces new station near Beach Drive in downtown St. Pete
/“Beach to Burg” is a tagline used by the SunRunner bus rapid transit system, the $44-million, 10.3-mile route that debuted in October and links downtown St. Petersburg to St. Pete Beach via dedicated lanes running along 1st Avenue North and 1st Avenue South.
But soon the slogan may need to be “Beach to Bay.” That’s because the Pinellas Suncoast Transit Authority (PSTA), which oversees the SunRunner — Tampa Bay region’s first and only bus rapid transit line — plans to add a new station near Beach Drive, one of St. Pete’s most popular areas for shopping and dining and just a block away from the St. Pete Pier and the Tampa Bay waterfront.
In announcing the new station, PSTA also announced that it plans to purchase two new buses and put them into service along the SunRunner route. The new buses will make service more reliable and ease congestion on peak days.
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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.