Investor picks up St. Petersburg retail properties

By Louis Llovio
| 8:00 a.m. December 13, 2025
| 2 Free Articles Remaining!

Dallas developer has bought several properties in Downtown St. Pete.

Tampa Bay-Lakeland

Dallas-based real estate investment firm 90Ten has bought three mixed-use retail properties on the 1100 block of Central Avenue in downtown St. Petersburg.

The properties are: 1110 Central Ave., a three-story retail building; 1122-1128 Central Ave., a two-story building; and 1114 Central Ave., which is occupied by Sweetgreen.

The parcels sit next to the recently completed Moxy Hotel and are part of the Edge Collective development near Tropicana Field.

90Ten did not disclose a sale price and Pinellas County records have not been updated.

The seller is Miami-based PTM Partners. Pinellas County property records show it paid $13.1 million for the properties in 2024.

90Ten, founded in 2023, says in a statement that it is in negotiations with retailers for vacant storefronts at the St. Petersburg sites.

PTM Partners was represented by James Garner and Jim Shiebler of CBRE.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.