Done Deals: St. Pete apartments sell for over $61M, New downtown restaurant and bar prepares for debut, Hilton hotel sells

The drake at St. petersbug apartments | facebook image

Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

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St. Pete apartment complex sells for over $61 million

The drake at st petersburg apartments | website image

The 477-unit Drake at St. Pete Apartments complex has sold for $61.58 million.

Brandywine Multifamily Partners sold the property at 1699 68th Street North to an LLC connected to Excelsa, a Maryland-based real estate private equity firm.

The Drake at St. Pete Apartments, constructed in 1972, has studios, one-, two- and three-bedroom units ranging from 400 to 1,250 square feet across two buildings.

The former owners recently renovated the units with new washers/dryers, stainless appliances, wood-look vinyl plank flooring, modern cabinets, countertops, and lighting fixtures.

Residential amenities include two dog parks, three resort-style pools, outdoor grills, a fitness center, a clubhouse, and on-site Amazon Hub Lockers.

The buyer took out a $5.159 million loan from Berkadia, a Berkshire Hathaway and Jefferies Financial Group company.

Excelsa, which has offices in the U.S. and the Middle East, has over $422 million in assets under management.

St. Pete pet store relocates on Central Avenue

The new bark life market & more shop featuring a mural created by artist mike ginny | facebook image

Bark Life Market & More, a pet store offering grooming and other services, has relocated to a new shop along Central Avenue. Bark Life is owned by locals Tammy and Mike Vasquez.

The business, previously located at 6647 Central Avenue, has relocated to 7134 Central Avenue.

A grand opening event was held on July 15th for the new 3,192-square-foot pet store.

Artist Mike Ginny recently completed an exterior mural on the building.

Bark Life Market & More has two additional shops in Seminole and one in Indian Shores.

Select stores offer grooming, training, doggie daycare, and overnight boarding services.

New upscale restaurant concept to debut on Beach Drive

A rendering of juno & the peacock’s bar and lounge coming to 400 beach drive | juno and the peacock

Juno & The Peacock, a new bar and restaurant concept, will open on August 23rd at 400 Beach Drive in downtown St. Petersburg.

The new concept comes after 400 Beach Seafood & Tap House, a longtime restaurant staple, abruptly closed for renovations last year.

However, instead of reopening, the restaurant will be replaced by the entirely new restaurant and cocktail lounge.

Juno & The Peacock, which draws its name from one of Aesop's fables, will feature American dishes, like dry-aged steaks, along with modern coastal cuisine, such as a seafood tower, seared grouper, and crab cakes.

The restaurant will also offer a menu of classic cocktails and a robust selection of 1,400 wines, primarily sourced from New World regions.

Pluma, a new cocktail lounge located inside Juno & The Peacock, will also open.

The lounge, which will draw influence from South and Central America, will be an extension of the restaurant offering a place to grab a cocktail before or after dinner, or a night out destination of its own.

It will be open daily for lunch, dinner, and weekend brunch.