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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Two years after Hurricane Helene devastated Willy’s Burgers & Booze, the St. Pete Beach watering hole is preparing for a comeback.
The open-air bar and restaurant at 645 Corey Avenue announced recently that construction is beginning following a lengthy permitting process.
A reopening date has not been announced.
“The road back has been anything but easy,” the business shared on Facebook. “We have spent the past 14 months working through the permitting process, navigating delays and obstacles, and doing everything we can to make this day possible.”
“There have been times when the process felt overwhelming, but we have never lost sight of what Willy’s means to so many people,” the post continued.
Known for its burgers, affordable drinks, and laid-back, beachy atmosphere, Willy’s has been closed since the hurricanes of late 2024.