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The Kessler Group has asked for a 3 year extension on the commencement of construction for their Grand Bohemian Hotel in downtown St Petersburg Florida.
I say - Yes, by all means, extend their deadline.
The Grand Bohemian St Petersburg, which started as luxury residences atop a luxury hotel, went through a few changes that decreased the condos units and increased the hotel units until it was all hotel.
The high road is: Richard Kessler has put a lot of time, money and passion into this hotel project. Hotel financing is nearly non-existant. Why not say THANKS for your efforts, and yes, we'll extend your deadline.
The low road is: what is the alternative? No one is beating down the City's doors to build either a hotel or a new luxury condo. Is the alternative another empty lot downtown?
WHEN the Grand Bohemian is built, I think it will be a wonderful addition to downtown St. Petersburg. If the Orlando Grand Bohemian is any example, it's THE place to be after work.
So, please, St Petersburg City Council, say Yes on March 19th, to extend the deadline for The Grand Bohemian Hotel in St Petersburg Florida!
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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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Grand Bohemian Hotel & Residences Downtown Waterfront St Petersburg Florida
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