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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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.