In a deal that could reshape downtown St. Petersburg’s skyline in the years ahead, Delray Beach-based Kolter Group is under contract to purchase the Hilton St. Petersburg Bayfront on the downtown waterfront.
The 15-story hotel, which offers sweeping views of Tampa Bay, is expected to remain open for now. Long term, however, the three-acre site carries significant redevelopment potential.
Located at 333 1st Street South, the property sits across from Al Lang Stadium, The Dalí Museum, and the Mahaffey Theater, and just steps from Central Avenue and Beach Drive…