Major EDGE District properties change hands in $12 million sale
/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.
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A vacant site across from Lealman Elementary School will become a permanently affordable townhome community for 26 local families.
Habitat for Humanity Tampa Bay Gulfside and local officials gathered Thursday at 4000 58th Avenue North to mark the start of infrastructure work for Lealman Heights, a two-story townhome development at the corner of 58th Avenue North and 40th Street North.
The 26 townhomes are part of a broader 57-home Habitat community in Lealman, which will also include 31 single-family homes now under construction.
“Lealman Heights represents more than the construction of new homes,” Mike Sutton, president and CEO of Habitat for Humanity Tampa Bay Gulfside, said at the groundbreaking. “It represents opportunity, stability, and a brighter future for local families who have worked hard and dreamed of the chance to own a home in the community they love.”
The 26 townhomes will each span 1,500 square feet and include three bedrooms and a garage. The homes will be priced between $240,000 and $280,000, based on a buyer’s income.
High Point Engineering and G2 Design are leading the project team.
Habitat expects vertical construction to begin in summer 2027.