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
Source: www.tampabay.com