Former Times building, historic Tramor property in downtown St. Pete sold for $32.5 million
/Two prominent properties in the heart of downtown St. Petersburg have sold for a combined $32.5 million, with plans for a high-rise condominium tower on the site.
Naples-based Stock Development, a family-owned luxury real estate development and homebuilding company, has purchased the 490 First Avenue South tower, formerly home to the Tampa Bay Times, and the historic Tramor Cafeteria building at 123 4th Street South, most recently occupied by Hofbräuhaus St. Petersburg.
The two properties together comprise 1.8 acres.
"We're excited to continue expanding our brand and remain confident in St. Petersburg and the Tampa Bay region," Keith Gelder, president of Stock Development, said in a conversation with St. Pete Rising. "We look forward to bringing a signature project to the market."
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In late January, pottery artist Beth Miranda woke up before sunrise to a devastating call from her business partner, Ethan Fielder.
Their community studio, St. Pete Ceramics, was engulfed in flames.
The fire tore through much of the interior, including walls, shelving, tables, stools, and other equipment. Two rabbits that lived at the studio also died.
Miranda arrived at the studio, which is located at 593 22nd Street South in the Warehouse Arts District, around 5:15 a.m. after calling her husband in Philadelphia and taking a moment to process what she had just learned.
“I got here and dealt with everything. Then I sent a text to friends in the local clay community and said, ‘Guys, I just need prayer. This is happening,’” Miranda said in a conversation with St. Pete Rising.
Fellow artists arrived with bagels, coffee, pizza, gloves, and a willingness to help however they could. Within roughly 36 hours, volunteers had helped empty and clean out the fire-damaged studio.