Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

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The Fresh Market sets opening date

The Fresh Market has announced an official opening date of September 13th for its latest local store in Seminole. The location will be the grocery chain’s third store in Pinellas County.

The specialty grocery store will be located at 7774 113th Street North in the Seminole City Center retail plaza where niche grocer Earth Fare previously operated.

The Greensboro, North Carolina-based grocer is known for its fresh produce and natural and organic products, and is described as having an "Old-World European atmosphere."

The Fresh Market stores include a bakery, a full-service meat counter, seafood, over 200 imported and domestic cheeses, an olive bar, and fresh-cut flowers.

The Fresh Market has over 160 stores in 22 states with several existing stores in Tampa Bay including locations in St. Petersburg, Carrollwood, Clearwater, South Tampa, and University Park. 

Backstreets Capital to relocate from Mirror Lake

Local developer Backstreets Capital, which has developed multiple St. Pete properties, will relocate from its office on Mirror Lake Drive to the Grand Central District.

Stone Pony LLC, an entity tied to Backstreets Capital and J Square Developers, sold its office building at 248 Mirror Lake Drive North to South Florida-based Baha Global LLC for just over $1 million.

Backstreets Capital has occupied the building since 2020, when the company purchased the property for $501,000.  

The office building is adjacent to a site where Backstreets Capital is developing a new 7-story condo building and preserving a historic home.

The 1,917-square-foot office building was constructed in 1941 and was renovated in 2020.

The building fronts Mirror Lake and has four offices, a lobby with a reception desk, a kitchen, other suites, and a one-car garage.

New St. Pete daycare facility to be developed

A new 7,086-square-foot child daycare facility is coming to 4360 Haines Road North in St. Petersburg.

The vacant lot is located adjacent to the Haines Road Animal Hospital .

According to a stormwater application filed in the Southwest Florida Water Management District, the daycare will have five classrooms, one office, and 26 surface parking lot spaces.

The new daycare will be operated by Kid City USA, a childcare franchise offering curriculum-based preschool education and extended before and after-school care. It is expected to serve 100 students and have 12 faculty members.

Kid City USA has existing daycares throughout Florida, including a center in Clearwater.

Owner Shore Capital Real Estate Partners Holdco LLC is working with ARO Engineering on the project.

REM Capital buys St. Pete property

Florida-based REM Capital has acquired a St. Pete property set to become a new apartment community.

Fourth North Holdings LLC sold multiple vacant parcels at 747 4th Avenue North to REM Capital for $3.485 million.

The parcel was previously entitled with plans for a 16-story tower with 135 apartments and 70 parking spaces. The purchase at 747 4th Avenue North would be the firm’s third property.

REM Capital was not immediately available to comment about the transaction; however, it has long planned to develop a pair of apartments generally located at 770 4th Avenue North and 200 17th Street North.

REM Capital purchased the 17th Street North property in 2022 for $3.7 million.

The 4th Avenue North building, dubbed Ellington Place Downtown, will have 146 apartments while the 17th Street building, named Ellington Place EDGE District, will have 74 units.

Both buildings will have six floors with rooftop pools, fitness centers, and units that average 496 square feet. Combined, the buildings will bring 220 new apartments.

Construction will begin on Ellington Place Downtown first with Ellington Place EDGE District to follow.

Lakewood Ranch-based Finish Line Builders Inc. is the general contractor.

The developer took out a $6 million loan from PSG AX Lending LLC for the project.

New multifamily development planned for St. Pete's 22nd Avenue corridor

A new multifamily development is expected to rise at a vacant site in St. Pete.

A 0.41-acre site on 22nd Avenue South between Dr. Martin Luther King Jr. Street South and 10th Street South will be developed into a three-building residential community.

ARO Engineering filed a stormwater application to the Southwest Water Management District on behalf of local custom home builder and property management group LandCap Homes.

The property is zoned as Neighborhood Suburban Multifamily (NSM-1).

The proposed development entails constructing three 2,015-square-foot buildings and 15 onsite parking spaces.

New brewery opening

Outcast Brewing Co., a new brewhouse with a Prosecco bar, a beer garden, and a live music stage is opening next week between the Kenwood and the Historic Uptown neighborhoods in St. Petersburg. 

The new brewery at 1776 11th Avenue North will host a grand opening celebration on September 13th starting at 2 p.m.

Outcast will serve all varieties of craft beer from hoppy IPA’s to classic pilsners, craft cocktails, mocktails, wine, champagne, and hard sodas. Grand opening festivities include games, live music, and food trucks. 

The two-story building was formerly home to Flying Boat Brewing Company and The Brutalist Temple of Beer, which was owned and operated by Tampa’s King State Coffee Roasters.

According to the Outcast’s website, the brewery is split into five unique spaces.

The main taproom bar offers a full selection of in-house brewed beer. Adjacent to the taproom is the Vintage Room for wine and champagne. The Lounge serves craft cocktails and cocktails. The Stadium will play all kinds of sporting events across multiple TVs and a large projector. 

Lastly, the Backyard is an outdoor patio with a 1,200 square foot covered pavilion with yard games and a stage for live music.

Clearwater Beach resort sells

The waterfront Hyatt Regency Clearwater Beach Resort and Spa has sold for $137 million.

Canadian-based Westmont Hospitality Group sold the 286-key resort at 301 South Gulfview Boulevard to real estate group Blackstone, the world's largest alternative asset manager. 

Westmont had purchased the property in 2016 for $120.5 million.

The resort has approximately 20,000 square feet of indoor and outdoor event space. 

The buyer, Blackstone, has made other investments in Florida's hospitality sector. The group acquired the ultra-modern W Fort Lauderdale beach hotel earlier this year.