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St. Petersburg shopping center sold for $7.3 million

It’s unclear if the sale means there will be changes to Coquina Key Plaza.
The Coquina Key Plaza in St. Petersburg as seen on Wednesday April 7, 2021 has been sold. Some of the businesses remaining include a night club, event rental space, and a Chinese restaurant.
The Coquina Key Plaza in St. Petersburg as seen on Wednesday April 7, 2021 has been sold. Some of the businesses remaining include a night club, event rental space, and a Chinese restaurant. [ BOYZELL HOSEY | Times ]
Published Apr. 12
Updated Apr. 12

Coquina Key Plaza, a St. Petersburg strip mall located near the corner of Sixth Street S and 45th Avenue, has been sold. The sale was closed on March 19 for just under $7.3 million, according to Pinellas County Property Appraiser records.

The owner was local developer Philip Farley, who sold it to an LLC called SWD Coquina Key, which lists as its manager the CEO of Stoneweg US, a St. Petersburg real estate investment company.

It’s unclear if the sale means that there will be changes to the plaza. Farley declined to comment. A spokeswoman for Stoneweg said the company was not prepared to comment on the sale “as we are still solidifying the business plan details on the purchase.”

Police have often been called to a nightclub called Cabana Sands in the shopping center, for noise and crowds, and sometimes violence. There was a shooting outside the club in December 2019, injuring eight people. By that time, even though the club had only been open a little more than year, police had been called to Cabana Sands more than 600 times, records showed.