Property Information
Address: 1300 1st Avenue North, St. Petersburg, Florida 33705
Year Opened: TBD (development opportunity)
Guestrooms: 140 to 160 rooms
THE PLASENCIA GROUP, as exclusive advisor to ownership, is pleased to present for your investment consideration a premier lodging development opportunity at Orange Station, the newest mixed-use community in Downtown St. Petersburg’s emerging Edge District. The hotel development offering encompasses an approximately 11,500-square-foot “pad-ready” site fronting 13th Street North and Central Avenue on the northeast corner of the Orange Station mixed-use development, a multi-phase project scheduled to include luxury residential condominiums, a small component of workforce rental apartments, innovative office space, and exclusive retail/dining outlets surrounding a European-style pedestrian plaza. The Orange Station project represents the opportunity to acquire an exceptionally located parcel, entitled for an upper-upscale boutique hotel and rooftop amenity deck, which is to be pad-ready with utilities stubbed to the site at the time of conveyance.
Investment Highlights:
- High-Barrier-to-Entry Submarket with Limited Full-Service Guestroom Inventory
- Development Parcel Located in an IRS-Designated Qualified Opportunity Zone
- Unrivaled Walkability Along Downtown St. Petersburg’s Prominent Central Avenue
- Beneficiary of St. Petersburg’s Economic Renaissance and Population Influx
- One Block From the Tampa Bay Rays’ Home Stadium, Tropicana Field
- Local and Experienced Master Development Team
- Mixed-Use Development Engineered to Maximize Synergies Among Product Types
- Unencumbered by Brand and Management, Offering Maximum Development Flexibility
- Ideal Development Timing, Allowing for a 2024 Opening
- Proximity to TripAdvisor’s 2021 #1 Ranked St. Pete Beach and the Rapidly Expanding Tampa International Airport
Property Overview:
