Downtown St. Pete Hotel Planned – Galaxy Hotel

First Street and Third Avenue N, behind Parkshore Plaza

Source: www.tampabay.com

Project

Galaxy Hotel is a planned 92 room independent hotel.

Developer

Savani Bakrac. Bakrac also owns the Ponce de Leon at 95 Central Ave in St. Pete. 


Location

The proposed project is at the NW corner of 1st N and 3rd Ave NE in downtown St. Pete.  Sundial & Parkshore are adjacent landmarks.

Transaction details 

Article cites basis at 727.5k but that appears to be only one .22 AC parcel. Adjacent .09 AC parcel also owned by Bakrac, acquired in 2009 for 386.3k