Nearly $100 million invested as developer continues buying spree along Salt Creek in south St. Pete
/Clearwater-based real estate firm Prometheus Partners has acquired another property along Salt Creek, pushing its total investment in the area to nearly $100 million over the past year and a half.
Prometheus purchased a 4.63-acre property at 263 13th Avenue South for $28.215 million from Bayboro Partners LTD on December 31st.
The site is home to Bayboro Station, an 80,991-square-foot, three-story office building originally constructed in 1924 as one of St. Petersburg’s first power plants, and an adjacent surface parking lot.
Today, the building houses several tenants, including Pinstripe Marketing, Carbon Design & Architecture, and the Southeast regional headquarters of the National Oceanic and Atmospheric Administration (NOAA) Fisheries.
With this latest purchase, Prometheus has now spent more than $93.8 million acquiring nearly 23 acres in the Salt Creek area, making it one of the largest private landholders in the neighborhood.
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Two years after Hurricane Helene devastated Willy’s Burgers & Booze, the St. Pete Beach watering hole is preparing for a comeback.
The open-air bar and restaurant at 645 Corey Avenue announced recently that construction is beginning following a lengthy permitting process.
A reopening date has not been announced.
“The road back has been anything but easy,” the business shared on Facebook. “We have spent the past 14 months working through the permitting process, navigating delays and obstacles, and doing everything we can to make this day possible.”
“There have been times when the process felt overwhelming, but we have never lost sight of what Willy’s means to so many people,” the post continued.
Known for its burgers, affordable drinks, and laid-back, beachy atmosphere, Willy’s has been closed since the hurricanes of late 2024.