The site sits directly across the street from the Residences at 400 Central, the 46-story condominium tower that currently stands as St. Petersburg’s tallest building.
The Times property was listed for sale after Hurricane Milton’s winds caused a construction crane at 400 Central to collapse into the structure in October 2024, rendering it uninhabitable.
Stock Development purchased the building for $18 million, according to a source familiar with the transaction.
The eight-story, 240,000-square-foot complex consists of three integrated buildings, with the original structure built in 1924 and additions completed in 1968 and 1988.
Stock Development also acquired the historic Tramor Cafeteria property for $14.5 million, according to a deed recorded Friday.
The property is one of downtown St. Petersburg’s oldest surviving commercial structures and has played a prominent role in the city’s history for nearly a century.
The property’s previous owner, Nuri Erol, purchased the 15,826-square-foot property in December 2021 for $7.1 million.
Constructed in 1929, the building opened as Bob’s Cafeteria, was later renamed the Tramor Cafeteria, and eventually served as a staff cafeteria for the Tampa Bay Times. The original interior features Spanish-Mediterranean architecture and ceiling trusses repurposed from a 1920s airport hangar.
In 2015, Hofbrauhaus, modeled after the legendary beer hall in Munich, Germany, opened in the space. It closed in 2020 after failing to pay rent.