Exclusive underground social club coming to the historic Snell Arcade in downtown St. Pete
/The basement of the historic 99-year-old Snell Arcade in downtown St. Petersburg, once a bustling hub during the Prohibition era, will be reborn as an exclusive business and social club catering to the city’s movers and shakers.
Former Major League Baseball player turned entrepreneur Robin Jennings will lease and transform the 9,240-square-foot space at 405 Central Avenue into a new private club called The Medina, which is scheduled to open in 2026.
According to Pinellas County property records, the basement of the eight-story building was purchased last month by 405 Central LLC for $3.2 million from Miami-based Tricera Capital. Tricera acquired the space in 2022 for $1.88 million.
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A 16-story apartment tower has been proposed across from the University of South Florida St. Petersburg campus, replacing a larger project approved for the same property last year.
The proposed development would rise at 446 4th Street South, at the northeast corner of 5th Avenue South and 4th Street South.
The 0.7-acre property is currently home to a 105-year-old commercial building previously occupied by Fresenius Kidney Care American Dialysis Center and an adjacent surface parking lot.
The project, which would be developed by Charleston, South Carolina-based The Beach Company, will contain 165 apartments, approximately 3,200 square feet of ground-floor retail space, a 176-space parking garage, and 178 bicycle spaces.
It’s a significant change from the development St. Petersburg City Council approved for the site in February 2025.