Three retail buildings on Central Avenue sell in downtown St. Pete’s EDGE District
/Three mixed-use retail properties along the 1100 block of Central Avenue in the EDGE District are now under new ownership.
Dallas, Texas-based investment firm 90Ten has acquired properties directly adjacent to the Moxy Hotel, including the three-story building at 1110 Central Avenue, the two-story building at 1122–1128 Central Avenue, and 1114 Central Avenue, which is currently leased to Sweetgreen.
90Ten purchased the properties for $10 million.
CBRE’s James Garner and Jim Shiebler represented the seller, PTM Partners, in the transaction.
The Central Avenue block acquisition is part of the EDGE Collective, a multi-phased walkable mixed-use that includes the Moxy Hotel, the office and retail building, and a second phase that includes a 20-story luxury apartment building and additional retail.
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A long-delayed project that will deliver 24 affordable homes for working families is nearing completion and preparing to welcome its first residents.
The bright white-and-blue, two-story townhomes line 6th and 7th avenues South near 22nd Street South, directly across from the Manhattan Casino.
The City of St. Petersburg purchased the land in 2007 for $2.2 million using a federal grant. However, the project was not announced until 2019 under former Mayor Rick Kriseman as part of the broader Deuces Rising initiative, which aims to revitalize the Deuces, the historic African American entertainment and business district along the 22nd Street South corridor.
Built by Tampa-based Horus Construction Services, the development includes twelve 1,780-square-foot townhomes with three bedrooms and twelve 1,525-square-foot townhomes with two bedrooms.