A weekly roundup of local real estate deals.
Body Electric closes its gym
The popular Body Electric Athletic Company is closing its St. Petersburg gym.
The owners took to social to inform the public about the unexpected closing, stating the gym was a “challenging undertaking, but we went big, knowing that everything would have to go right to make it work.”
The group opened the nearly 16,000-square-foot facility in 2020 at 655 31st St. S. in the Warehouse Arts District.
The team described how the Covid-19 pandemic created headwinds for the business – within three months of opening that spring, it had to temporarily close. During the temporary closure, the team readied its new virtual platform, and hand-delivered dumbbells and yoga blocks to customers to complete workout sessions.
The business reopened its doors in June. While it had a rocky start in trying to regain its momentum, activity once again ignited.
“We fine-tuned our programming and assembled an outstanding team of coaches and support staff. The open gym got busier, classes fuller, and [the] barbell and run club became real happenings,” the Instagram post read.
However, the owners said the retooled vision “compromised” their goal.
“We have been flexible in trying to adapt to the realities of making The BE A work, but there are limits as to how far we are willing to compromise our original vision just to stay open. So, to keep the core of the business strong, we decided that December will be the last hurrah of The BE Athletic,” they wrote, thanking everyone who has supported them along the way.
Downtown St. Pete to get restaurant known for lobster rolls
Mason’s Famous Lobster Rolls chain is opening its first St. Petersburg location at 501 1st Ave. N., the former site of Stacie’s Cottage Cafe.
A “coming soon” sign is posted at the store and on the website.
Founder Dan Beck was a seafood buyer in the restaurant business, traveling often to Maine, and was inspired by the state’s centuries-old values and traditions, according to the company’s website. In 2014, Beck opened the first Mason’s Famous Lobster Rolls.
The Maryland-based chain has restaurants in Fort Myers and Miami.
Chili’s at Tyrone Square sells
Seritage SRC Finance, which is connected to Seritage Growth Properties, the group redeveloping the Tyrone Square Mall and outparcels, has sold the property at 2200 66th St. N.
The property, home to a 6,000-square-foot Chili’s restaurant, sold to Four Corners Property Trust (NYSE:FCPT) for roughly $2.6 million.
FCPT is among the nation’s leading owners of the restaurant and retail real estate, and its portfolio includes restaurant real estate properties where franchises such as Chili’s, Buffalo Wild Wings, Arby’s, Texas Roadhouse, Olive Garden and others operate.
Plans filed for Rock House Restaurant in Dunedin
A developer is proposing to demolish two buildings and construct the Rock House Restaurant, according to an application.
CFT Dunedin is the property owner for the parcel along the north side of Grant Street at the intersection of Highland Avenue, near City Hall.
The Rock House Restaurant concept is part of the Bay Star Restaurant Group based in Indian Shores.
The group is working with Holmes Architects.
A site plan shows the main 4,055-square-foot restaurant would be connected to a 1,684-square-foot bar.
Trop proposals are in
The City of St. Petersburg has received four proposals in response to the Historic Gas Plant District request for proposals (RFP). The proposals were submitted by: 50 Plus 1 Sports, Hines and Tampa Bay Rays (a joint proposal), Restoration Associates and Sugar Hill Community Partners.