Edge Collective Update 06/01/22

Developers Secure $42 Million Construction Loan for Edge Collective

Construction will move forward at The Edge Collective, a mixed-use development in downtown St. Petersburg’s Edge District, after the developers, PTM Partners and DoveHill Capital Management, secured a $42 million construction loan.  The loan was secured through Forbright Bank.  The centerpiece will be a 163-room Moxy Hotel by Marriott. The existing four-story 17,000 square foot building located next to the site of the Moxy will be refurbished and the two buildings will be joined by an outdoor garden and retail area. The Moxy is projected to open in 2023.

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