Derby Lane sold to new owners who may redevelop the 130-acre property
/Spanning 130 acres along Gandy Boulevard, the shuttered Derby Lane greyhound racetrack has a new owner. The St. Pete Kennel Club Inc., which owns the property, has merged with Connecticut-based Rally Acquisition Co.
“The goal is to develop the 130-acre site in a way that benefits the community, while continuing the strong performance of the club’s gaming operations,” said Scott Esterbrook, an attorney representing Rally Acquisition, in an interview with the Tampa Bay Times, which first reported the news.
While specific redevelopment plans for the site at 10490 Gandy Boulevard North have not been disclosed, the new ownership recently secured a $58.25 million loan from Broadway Agency Services LLC.
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After years of planning, Craft Kafe is targeting an early October opening for a new cafe and commissary kitchen in St. Pete’s Skyway Marina District.
The homegrown eatery and bakery, known for specialty coffee and a scratch-made gluten-free menu, is putting the finishing touches on its third St. Pete cafe at 4725 34th Street South in the Marina Village shopping plaza, just south of the Marina Walk Apartments.
The 4,700-square-foot space will include a 1,000-square-foot cafe and a large production kitchen designed to supply Craft’s existing stores and support future expansion, according to the owners.
“We’ve planned this one month after opening our first store in St. Pete. Because of the pandemic, issues in logistics, and losing my home from the hurricanes, this has taken so long to open,” founder and owner Teddy Skiadiotis told St. Pete Rising during a private tour.