Three retail buildings on Central Avenue sell in downtown St. Pete’s EDGE District
/Three mixed-use retail properties on the 1100 block of Central Avenue in the EDGE District are now under new ownership.
Dallas, Texas–based investment firm 90Ten has acquired three properties along Central Avenue: the three-story building at 1110 Central Avenue, home to popular LGBTQ+ bar Enigma; the two-story building at 1122–1128 Central Avenue, which houses The Candle Pour and Electric Gold Tattoo; and 1114 Central Avenue, occupied by Sweetgreen.
All existing tenants are expected to remain open.
CBRE’s James Garner and Jim Shiebler represented the seller, PTM Partners, in the transaction. A sale price has not yet been published.
The Central Avenue block acquisition is part of the EDGE Collective, a multi-phased, walkable mixed-use development that includes the Moxy Hotel, which opened last year; a three-story retail and office building that will soon welcome Bosphorous Turkish Cuisine; and a planned second phase featuring a 20-story luxury apartment building with 360 residential units and 24,000 square feet of commercial space.
"Central Avenue is another key expansion for 90Ten and underscores our commitment to investing in high-growth urban markets,” Tripp Russ, managing partner at 90Ten, said in the Thursday announcement.
“St. Petersburg represents the kind of opportunities we’re great at securing for our investors—properties in a growing market with strong interest from national retailers.”
The buildings that currently house Enigma, sweetgreen, The Candle Pour, and Electric Gold Tattoo have been sold to 90Ten | Google Maps
90Ten is actively in negotiations with several high-profile national retailers to fill the remaining space between Sweetgreen and Candle Pour, as well as a space next to Electric Gold.
The deal marks 90Ten’s entrance in the St. Petersburg market and comes weeks after 90Ten acquired a premier asset on South Congress Avenue in Austin, Texas.
