Developer moves forward on 25-story hybrid short-term rental condo project on 4th Street

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Developer moves forward on 25-story hybrid short-term rental condo project on 4th Street

A new ultra high-end 25-story condominium tower, with a mix of short-term rental and permanent residential units, will rise on 4th Street South. 

Clearwater-based real estate firm Valor Capital plans to build a 152-unit upscale condo development at 332, 340, and 344 4th Street South. The property is located at the intersection of 4th Street South and 4th Avenue South and was assembled in a series of purchases that closed in 2022 for $5.2 million.

In an exclusive interview with St. Pete Rising, Valor Capital CEO Moises Agami said the $55 million project will be renamed Roche Bobois Residences as the team is working with the Paris, France-based luxury furniture designer Roche Bobois. Gomez Vazquez International is the building’s architect.

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Good Night John Boy owners to open camping-inspired bar on Central Avenue

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Good Night John Boy owners to open camping-inspired bar on Central Avenue

Nearly a year after being announced, Nauti Duchess, a nautical-themed bar and full-service restaurant that was set to take over 217 Central Avenue, never made it out of port.

But a new concept from Forward Hospitality Group, the owners of Good Night John Boy and Welcome to the Farm, is now slated to occupy the prime downtown location. Most recently, the space was home to Caddy’s on Central, which closed in 2020 after COVID-19 shut down all restaurants and bars in Florida. 

Glamper, according to Michael Schwartz of Forward Hospitality Group, is a bar inspired by camping, backyard cookouts, Fourth of July celebrations, and other summertime activities. Like Good Night John Boy and Welcome to the Farm, the concept debuted in Cleveland before coming to St. Pete.

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Owners of Bandit Coffee to open wine bar in the Grand Central District

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Owners of Bandit Coffee to open wine bar in the Grand Central District

The wine bar craze shows no signs of abating as Spitz Wine Bar, a new concept founded by the owners of Bandit Coffee Co., announced that it has leased space at 2520 Central Avenue in the Grand Central District with plans to open sometime in the first half of 2024.

The space is currently home to Acupuncture & Herbal Therapies, which will be moving in February to 6340 Central Avenue and share a space with Traditions School of Herbal Studies.

Spitz Wine Bar offered few details in an Instagram post, writing, “It’s official, y’all, we’ve signed a lease and have set a path to open early/mid next year within the Grand Central District. More details to come.” Its Instagram page says the bar will offer “real wines” and “tasty bites.”

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Welch selects group to reimagine St. Pete Municipal Marina

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Welch selects group to reimagine St. Pete Municipal Marina

The aging 640-slip St. Pete Municipal Marina is one step closer to undergoing a major overhaul.

Mayor Ken Welch has selected Safe Harbor Marinas LLC for the redevelopment and operational management of the marina adjacent to the St. Pete Pier, according to City Development Administrator James Corbett. 

The selection comes in response to the city’s Request for Proposal (RFP), which was published in April 2023. In addition to Safe Harbor Marinas, the city received a proposal from Dallas-based Suntex Marina Investors.

 Welch informed city staff of his selection in mid-December and directed the team to begin the negotiation process with the Safe Harbor Marinas group this month.

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20-story, 360-unit mixed-use development approved for St. Pete’s EDGE District

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20-story, 360-unit mixed-use development approved for St. Pete’s EDGE District

PTM Partners, the group behind the EDGE Collective development in St. Pete's EDGE District, is moving forward with plans for a second phase of the project, further connecting Central Avenue and the Historic Gas Plant Development.

During a recent St. Petersburg City Council meeting, the councilmembers, meeting as the Community Redevelopment Agency (CRA), unanimously approved the second phase of the EDGE Collective project.

The $98.5 million project, dubbed EDGE Collective II, is the second phase of the EDGE Collective development that broke ground in January 2022 on the 1100 Block of Central Avenue.

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Barbershop chain with rock 'n' roll flair to open on Central Avenue in St. Pete's EDGE District

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Barbershop chain with rock 'n' roll flair to open on Central Avenue in St. Pete's EDGE District

The EDGE Collective, a mixed-use development anchored by a 163-key Moxy by Marriott hotel, has landed another commercial tenant – Floyd’s 99 Barbershop – a rock ‘n’ roll themed hair salon.

Located at 1234-1246 Central Avenue, the EDGE Collective is currently under construction and consists of a Moxy by Marriott hotel and a renovated four-story building at 1246 Central Avenue, which will contain 8,000 square feet of food and beverage space on the ground floor and 16,000 square feet of commercial space on the upper floors. 

The Moxy hotel is expected to open sometime in the first half of 2024.

Previously announced tenants at the EDGE Collective include Rose’s Coffee Bar; solidcore, a pilates studio; and Sparrow, a bar and restaurant on the roof of the Moxy hotel. 

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Plans shift for 23-story apartment building proposed for 17th Street South in downtown St. Pete

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Plans shift for 23-story apartment building proposed for 17th Street South in downtown St. Pete

Plans have shifted for a 23-story apartment building that was proposed in 2022 for 17th Street South in downtown St. Pete.

In late December, Miami-based commercial real estate investment firms Black Salmon and LD&D purchased the property at 155 17th Street South in a roughly $9 million deal from Apogee Real Estate Partners, a St. Pete-based real estate firm led by John Barkett and John Stadler.

The South Florida joint venture also assumed a $5.12 million mortgage loan from Apogee.

The purchase follows the city's recent streamlined approval of minor modifications to the 0.77-acre site which increased the project’s unit count from 204 to 260, decreased the retail space from 6,000 square feet to 4,961 square feet, and decreased the number of parking spaces from 300 to 260.The project’s height of 299 feet and FAR of 7.0 remains unchanged.

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Fit2Run finds a new home on Central Avenue in downtown St. Pete

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Fit2Run finds a new home on Central Avenue in downtown St. Pete

Fitness retailer Fit2Run is relocating to a new downtown St. Pete site as its existing bright yellow building will be demolished as part of a planned redevelopment.

Fit2Run, a family-owned Bradenton-based business selling footwear and apparel for runners, has inked a lease to occupy ground floor space at the Camden Central apartment complex, located at 855 Central Avenue in St. Pete's Central Arts District.

The relocation from the 256 2nd Street North storefront, which the retailer has operated since 2012, comes as Delray Beach-based Kolter Group plans to build a 14-story, 192-room Tempo by Hilton hotel at the site. 

Fit2Run has over 20 stores throughout Florida, specializing in matching runners to the right shoes for their training needs.

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Vermont clothing boutique Harbour Thread to expand to St. Pete

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Vermont clothing boutique Harbour Thread to expand to St. Pete

A men’s and women’s clothing and accessories shop that’s based in Burlington, Vermont, is coming to St. Petersburg in 2024.

Harbour Thread has leased a 2,447-square-foot space at 40 and 60 22nd Street South in a newly constructed retail strip in the Grand Central District. Erica Delgado of Vector Commercial Real Estate Services represented Harbour Thread in the lease transaction.

Construction began earlier this year on the new retail building located at the corner of Central Avenue and 22nd Street. Miami-based real estate investor Nick Molina purchased the former surface parking lot in December 2021.

Founded by Llyndara Harbour nearly two decades ago, Harbour Thread offers a huge range of clothing for men and women, footwear, jewelry, swimwear, blankets, towels, and even candles, greeting cards, and drinkware.

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23-story luxury condo tower The Nolen tops out in downtown St. Pete

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23-story luxury condo tower The Nolen tops out in downtown St. Pete

Construction on one of downtown St. Petersburg’s newest condominium towers has reached a milestone with Ellison Construction announcing that The Nolen has topped out.

The N­olen is a 23-story condominium tower under construction at 126 4th Avenue Northeast. The condominium tower is being developed by Tampa-based DDA Development, which is led by Bowen Arnold and John Schilling.  Ellison Construction broke ground on the development in October 2022.

At 288-feet, The Nolen is among the ten tallest buildings in St. Petersburg.

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