Moxy St. Petersburg's Edge District
163-key Moxy Hotel to break ground in St. Pete's EDGE District
The group behind the proposed Moxy Hotel-anchored project in the Edge District has reworked its initial plans and has joined forces with a new joint venture partner.
Miami-based PTM Partners, one of the leading opportunity zone-focused development firms in the country, is developing The Edge Collective. The mixed-use development will be anchored by a 163-key Moxy Hotel by Marriott on a 1.6-acre parcel on 1234-1246 Central Ave.
The site is currently a parking lot and there's a vacant, freestanding four-story, 28,708-square-foot retail building that formerly operated as a furniture store and showroom. PTM Partners acquired the site in 2019 for $13 million.
The plans for The Edge Collective project have been in the works over the last several years, but when the ball was starting to roll on the project, the group had to hit the pause button.