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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Traditional Yemeni coffee is coming to downtown St. Pete.
Mocha Bay is expected to open before Thanksgiving at 401 1st Avenue North, on the ground floor of the Princess Martha, a historic senior living community.
The nearly 2,000-square-foot space was previously home to Deja Vu Café, which opened in 2016 and closed earlier this year. It is on the same block as Bar Chinchilla and the soon-to-open Sunshine City Comedy Cafe.
Mocha Bay will serve espresso drinks alongside traditional Yemeni coffee preparations, using medium-to-dark roasted beans sourced from Yemen, local businessman Hamdi Ali said in a conversation with St. Pete Rising.
Traditional Yemeni coffee is often brewed in a decorative metal pot called a dallah, then served strong in small cups. It can be flavored with spices such as cardamom, cinnamon, ginger, and cloves.