Here are the first renderings of Forbici Modern Italian coming to Sundial in downtown St. Pete

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Here are the first renderings of Forbici Modern Italian coming to Sundial in downtown St. Pete

In February, Tampa Bay restauranteur Jeff Gigante announced his popular modern Italian restaurant Forbici would take over the 12,000-square-foot Sea Salt space at Sundial in downtown St. Pete. And now we have a closer look of what the restaurant will be like.

The restaurant originally planned to move into the ground-floor space previously occupied by Locale Market but shifted its plans to the second floor space at 183 2nd Avenue North following Sea Salt’s closure on December 31st.

Forbici is part of Next Level Brands, a Tampa-based restaurant group founded by restaurateur Jeff Gigante, real estate investor Andrew Wright, and attorney Joseph Guggino.

Expected to open by year’s end, renderings reveal that the 350-seat St. Pete location will mirror the flagship Forbici in South Tampa’s Hyde Park, which opened in 2019, but with a more refined and upscale twist.

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Forbici Modern Italian to take over Sea Salt space at Sundial in downtown St. Pete

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Forbici Modern Italian to take over Sea Salt space at Sundial in downtown St. Pete

Forbici Modern Italian, one of Tampa’s most celebrated Italian restaurants, is set to open a new location in downtown St. Pete’s Sundial shopping complex.

Initially, Forbici was expected to occupy the ground-floor space previously home to Locale Market. However, the restaurant will now take over the 12,000-square-foot second-floor space formerly occupied by Sea Salt, which closed on December 31st, at 183 2nd Avenue North.

An official opening date has not yet been announced. Before welcoming guests, Forbici will renovate the space, though specific improvements are unknown.

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Done Deals: Construction begins on Sundial renovations, Affordable housing community opens, New pub coming to west St. Pete

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Done Deals: Construction begins on Sundial renovations, Affordable housing community opens, New pub coming to west St. Pete

Done Deals is a new 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.

Have real estate news to share? Send us an email at hello@stpeterising.com.

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Sundial to undergo major renovations in downtown St. Pete

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Sundial to undergo major renovations in downtown St. Pete

Nearly a year after purchasing the Sundial retail and dining center at 153 2nd Avenue North in downtown St. Pete for $21.13 million, St. Petersburg-based Paradise Ventures and Tampa-based Ally Capital Group have unveiled a plan to renovate a portion of the 85,357-square-foot plaza.

Designed by Behar and Peteranecz, a St. Petersburg-based architecture firm, the reimagined Sundial will feature multimillion dollars in improvements intended to revitalize the once upscale retail destination into a modern mixed-use urban destination.

The most significant change will be a complete overhaul and activation of the plaza’s courtyard. Plans call for an updated courtyard with a large outdoor bar and plenty of communal green space for engaging programming and for guests to sit and enjoy food and drink.

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Sundial Releases Tenant Lineup

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Sundial Releases Tenant Lineup

Last week Sundial released its tenant lineup and announced it was 90% leased.   I've given the store lineup a few days to sink in and I must say that while I'm not taken aback by the stores, I am impressed. In today's retail market it takes a lot for a brand to risk opening a store, let alone in a previously failed downtown retail center. 

While there isn't a famed J.Crew or an Apple store, what we got is a very diverse mix of national and local retailers, which I think is great.

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The Biggest News of the Day

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If there's one thing for certain it's that Downtown St.Petersburg is booming. Almost daily there seems to be news of new construction or new restaurants or someone doing something big. The transformation seen in Downtown St.Pete over the past decade is almost unbelievable and it hasn't stopped. With all the development going on, someone has to argue: What does it take to be considered the biggest news of the day in Downtown St.Petersburg?

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Sundial St.Pete Releases Few Details

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One of the biggest mysteries surrounding Sundial St.Pete is whether or not its tenant lineup will create a shopping and dining destination. In its heyday, Baywalk was a booming shopping center with bustling shops and restaurants but controversy sunk the retail complex and brought vacancy rates close to 90%. Sundial St.Pete hopes revive the shopping center and give it new glory. I'm confident that Bill Edwards will bring a strong tenant list to- once again- make the complex a top destination. Recently the Tampa Bay Times revealed that a Marilyn Monroe spa and possibly a Ruth's Chris Steak House will be among the tenants in Sundial. Joining these two tenants are the return of Chico's and White House Black Market. 

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Downtown St. Pete Development Update: March 2014

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Downtown St. Pete Development Update: March 2014

The future of Downtown St Pete is big and bright.  Construction has been rampant so far in 2014.  Read more to get the latest construction updates!

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From Baywalk to Sundial

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The shopping center formerly known as Baywalk which was renamed to The Shops at St.Pete now has a new name: Sundial. The plaza is currently undergoing a $40 million renovation and is set to open in the spring. Sundial St.Pete has released a website touting itself as:

AN EXCLUSIVE COLLECTION OF BOUTIQUES, RESTAURANTS AND NIGHTLIFE, ALL IN THE HEART OF DOWNTOWN ST. PETERSBURG

Hopefully Sundial St.Pete will release its tenant list soon.

For more information visit: http://sundialstpete.com 

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Low Vacancy Rates and High Rent on Beach Drive Will Help The Shops

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A recent article from the Tampa Bay Business Journal discusses how rental rates on Beach Drive in Downtown St.Petersburg have gone from $30 to $50 a square foot over the last few years. This steep increase follows high demand on the popular street that has little to no vacancy. According to the article the average retail rental price for the rest of Downtown St.Petersburg is $16.93, almost a third of the going price along Beach Drive. These high rental rates on Beach Drive must be good news for Bill Edwards, owner of the The Shops at St.Pete. Opening sometime this year, The Shops are one block west of Beach Drive and across the street from the Ovation condo tower. It makes sense to think that The Shops will benefit from the lack of available space on Beach Drive. Although I doubt The Shops will be able to fetch $50 sq/ft they will probably be well above the $16.93 sq/ft in the rest of downtown.

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