Real estate investor purchases another property near Salt Creek in St. Pete for $6 million
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Clearwater-based real estate company Prometheus Partners, which has been quietly assembling acres of contiguous property just south of downtown St. Petersburg, has acquired another site.
Through its affiliate, Prometheus Franchise Restaurant Holdings LLC, the group purchased the 24,500-square-foot warehouse at 1499 Beach Drive SE for $6 million from Cato Holdings LLC.
Built in 1959, the art deco-style building sits on 1.37 acres near Salt Creek. It currently houses the Salt Creek Arts Center, a maker space offering studios and galleries for local artists, as well as moving company Swift Moves.
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A new training center near the EDGE District wants to give runners and cyclists a reason to stick around after their workouts.
Orange Belt Collective is targeting a summer 2027 opening at 1501 Burlington Avenue North, combining endurance-focused fitness spaces with a public café, a grab-and-go market, and an outdoor gathering area.
For founders Michael Rideout and Nathan Stonecipher, the idea grew out of the CRIT Championship Tour, a bicycle race they helped bring to the EDGE District in 2023.
A group ride associated with the event brought hundreds of cyclists from different clubs, bike shops, and generations to Green Bench Brewing, filling Baum Avenue with bikes.
Afterward, people hung around to talk with riders they might otherwise have never met.
For Rideout, it was a welcome departure from the usual routine, when cyclists finish a group ride and head their separate ways.