Century-old Playhouse Theatre to be demolished for redevelopment in the Grand Central District
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Boarded-up windows and crumbling stucco line the exterior of the former Playhouse Theatre—a once-thriving venue for the latest Hollywood movies and traveling performers.
The long-vacant, 100-year-old theater at 1850 Central Avenue may soon be demolished to make way for a new development featuring office space and retail.
The site is located next to an Interstate 275 overpass and adjacent to the Trails Crossing development, a proposed linear park featuring public art and event spaces that is being studied for the area under I-275.
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Pre-leasing is now underway at 3rd & 3rd, a 33-story apartment tower expected to welcome its first residents in mid-December in downtown St. Petersburg.
The 262-unit building is located at 235 3rd Street South across from the Publix-anchored University Village shopping center. Third Lake Partners, along with St. Pete-based developer Echelon, are developing the project.
KAST Construction broke ground on the tower about two years ago.
3rd & 3rd will include one-, two-, three-, and four-bedroom residences, including three four-bedroom penthouses, along with a 330-space parking garage and approximately 15,000 square feet of ground-floor retail space.
One-bedrooms are currently priced from $2,730 to $3,075 a month, while two-bedroom residences start at $4,570 and three-bedroom units start at $8,585.
The development is already 20% reserved, according to Echelon Senior Vice President of Development Cody LeClair.