Developer buys more land on Salt Creek as investment now tops $59 million
/Clearwater-based real estate firm Prometheus Partners has once again expanded its portfolio along Salt Creek in St. Pete.
The company, which has now spent $59 million acquiring over 15 acres in recent years, quietly acquired two more industrial properties just south of downtown as part of its ongoing effort to assemble a large swath of contiguous land in the Old Southeast neighborhood.
According to property records, Prometheus purchased the 3.4-acre site at 333 16th Avenue South, the 57,000-square-foot former home of Captain’s Fine Foods, for $7.5 million on Monday.
Last Tuesday, the company acquired the 0.48-acre property at 205 15th Avenue Southeast for $2 million. The site includes a 7,000-square-foot warehouse currently occupied by Universal Stenciling and Marking Systems.
Both sites are zoned IC (Institutional Center), which is intended for public and semi-public uses such as hospitals, universities, utilities, and government facilities.
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Traditional Yemeni coffee is coming to downtown St. Pete.
Mocha Bay is expected to open before Thanksgiving at 401 1st Avenue North, on the ground floor of the Princess Martha, a historic senior living community.
The nearly 2,000-square-foot space was previously home to Deja Vu Café, which opened in 2016 and closed earlier this year. It is on the same block as Bar Chinchilla and the soon-to-open Sunshine City Comedy Cafe.
Mocha Bay will serve espresso drinks alongside traditional Yemeni coffee preparations, using medium-to-dark roasted beans sourced from Yemen, local businessman Hamdi Ali said in a conversation with St. Pete Rising.
Traditional Yemeni coffee is often brewed in a decorative metal pot called a dallah, then served strong in small cups. It can be flavored with spices such as cardamom, cinnamon, ginger, and cloves.