Nearly every day I drive by the Grand Bohemian site at the northwest corner of 1st Ave N and 2nd St N in downtown St Petersburg and still see the fencing and banners for the Grand Bohemian.
It started with several floors of luxury condominiums above the hotel facilities, including one really prime unit on each floor. Their timing was off - condo sales were heading down. A couple of times they reconfigured the building, reducing and condos and increasing hotel rooms until finally it was all hotel.
Now is their deadline for starting construction, and hotel financing is nearly impossible to obtain. The Kessler Group has asked the St Petersburg City Council to extend their building deadline for another 3 years. City Council will meet on March 19 and will address this request then.
St Petersburg has far more to gain from extending the deadline than from ending the relationship and having another empty lot downtown.
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