Century-old Playhouse Theatre to be demolished for redevelopment in the Grand Central District
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Boarded-up windows and crumbling stucco line the exterior of the former Playhouse Theatre—a once-thriving venue for the latest Hollywood movies and traveling performers.
The long-vacant, 100-year-old theater at 1850 Central Avenue may soon be demolished to make way for a new development featuring office space and retail.
The site is located next to an Interstate 275 overpass and adjacent to the Trails Crossing development, a proposed linear park featuring public art and event spaces that is being studied for the area under I-275.
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Pre-leasing is set to begin Saturday, August 15th, with move-ins scheduled after the new year at the first apartment community in Sky Town, an $800 million mixed-use development underway in St. Petersburg’s Skyway Marina District.
The 401-unit iMMiX Apartments, located at 3201 34th Street South, are part of the first phase of the 34.3-acre development being built on the former Ceridian office campus.
Once complete, Sky Town will include 2,084 apartments, 69,000 square feet of retail anchored by a 23,000-square-foot Sprouts Farmers Market, and 120,000 square feet of self-storage across six phases.
Coral Gables-based Altis Cardinal, led by developer Frank Guerra, broke ground on the iMMiX Apartments in September 2025, with Jacksonville-based Summit Contracting Group serving as general contractor.