13-story boutique resort proposed for St. Petersburg’s Edge District

One other new boutique resort is taking form in St. Petersburg’s Edge District.

St. Petersburg developer Jonathan Daou’s Eastman Fairness Holding is planning a 13-story, 114-room resort on the nook of eleventh Avenue and Central Avenue, in line with a proposal scheduled to go earlier than the Metropolis Council on Nov. 10.

The $26 million mission would sit at 1111 Central Ave., largely on the positioning of a inexperienced area adjoining to Intermezzo Espresso and Cocktails. The Baum Avenue Market area at 1113 Central Ave. would stay and be transformed right into a restaurant.

Broad plans for the resort have been outlined in August, however the newest proposal tweaks the mission’s footprint and presents extra element.

The proposed hotel at 1111 Central Ave. promises an “urban and modern” design from Tampa’s Alfonso Architects, with “an array of materials, vertical and horizontal banding and projections, cantilevered balconies and awnings.”
The proposed resort at 1111 Central Ave. guarantees an “city and trendy” design from Tampa’s Alfonso Architects, with “an array of supplies, vertical and horizontal banding and projections, cantilevered balconies and awnings.” [ Eastman Equity Holdings ]

The proposal guarantees an “city and trendy” design from Tampa’s Alfonso Architects, with “an array of supplies, vertical and horizontal banding and projections, cantilevered balconies and awnings.” It could have about 5,000 sq. ft of economic area; a rooftop bar and restaurant; a street-level “city backyard” and “backyard bar”; and a north-south pedestrian walkway linking Central and Baum avenues.

The resort is meant “to really feel one thing like outdated St. Pete and new St. Pete collectively,” Daou stated.

“It’s actually meant to be collectively one thing that the town would level to because the creative expression of a metropolis,” he stated. “The nicer a resort is, the extra fascinating a resort is, the extra folks discover that this metropolis is fascinating.”

This isn’t Daou’s first try at constructing a resort within the Edge District. In 2019, he led growth on an 11-story, 140-room resort branded below Marriott’s Tribute on the southeast nook of eleventh Avenue and First Avenue N.

Associated: Marriott ‘Tribute’ resort deliberate for St. Petersburg’s Edge District

Daou blamed COVID-19 for that mission falling aside. Even with the looming risk of a recession, he believes the market is stronger at this time.

“Financing is at all times a problem, however we’re in a brand new period of consciousness of Tampa Bay and its functionality from a hospitality perspective,” he stated. “We’re placing an enormous quantity of fairness to verify our financing just isn’t an issue. There’s nonetheless cash on the market for motels, as a result of they’re in excessive demand. Persons are nonetheless coming to Florida.”

A rendering from St. Petersburg developers Eastman Equity Holding shows a pedestrian walkway linking Central and Baum avenues that would run past a proposed 13-story, 114-room hotel at 1111 Central Ave.
A rendering from St. Petersburg builders Eastman Fairness Holding exhibits a pedestrian walkway linking Central and Baum avenues that might run previous a proposed 13-story, 114-room resort at 1111 Central Ave. [ Alfonso Architects ]

Exterior the Edge District, Daou’s native resort initiatives embody a 2015 effort to transform a Fourth Avenue motel right into a meals corridor, a mission that fell aside attributable to parking points. He’s additionally a companion within the Inn on the Seashore in St. Pete Seashore.

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This new resort would sit a block east of the Marriott-branded Moxy Resort, which broke floor this fall at 1234 Central Ave. That 163-room resort would function rooftop eating and a backyard space off Central. Daou additionally has a small stake in that mission, which he stated will likely be aimed extra at youthful vacationers than his “unbiased and bespoke” new resort.

“To us, that is meant to characterize St. Pete,” he stated. “I need the locals to take possession within the resort by feeling that they wish to come cling on the market.”

The proposed hotel is intended “to feel something like old St. Pete and new St. Pete together,” developer Jonathan Daou said.
The proposed resort is meant “to really feel one thing like outdated St. Pete and new St. Pete collectively,” developer Jonathan Daou stated. [ Alfonso Architects ]

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