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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For generations of St. Pete residents, The Chattaway has been the kind of place people do not simply visit. They return to it.
They come back for the cheeseburgers, the beer, the photos and plaques crowding the walls, and the leafy courtyard that feels tucked away from the city around it.
Some remember riding bikes there as kids. Others had first dates beneath its trees. Nearly everyone has a story.
Today, that story enters a new chapter.
The Chattaway has reopened at 358 22nd Avenue South after Cullen Mahoney, Ferg’s Sports Bar owner Mark Ferguson, and Shrimpy’s Waterfront owner John John Delladonna purchased both the restaurant and the 0.70-acre property beneath it.
Customers returning today will find the familiar restaurant, with several practical upgrades designed to make it work better day to day.