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Investor buys China Finders property in St. Pete's Grand Central district
By Breanne Williams
Tampa Bay Business Journal
Published: Jul 13, 2023

A St. Petersburg investor has acquired a prime property on Central Avenue in St. Petersburg’s Grand Central district.

An entity linked to Rahul Gupta of RKG Holdings closed on the China Finders property at 2823 Central Ave. on July 12, according to a deed filed in Pinellas County. The sales price was approximately $2.18 million. The entity also secured a $2.06 million mortgage from Waterfall Bank.

China Finders specializes in china, dinnerware, crystal and glassware. The store opened in the Grand Central district in the early 2000s and will close on Sept. 9. The building is approximately 4,550 square feet and is a block away from Baba and Wild Child restaurants and the new Mutts and Martinis dog bar.

The Grand Central district remains a hotbed of development in St. Petersburg. Adjacent to China Finders, St. Pete Development Co. is building the second phase of Driftwood on Central, a mixed-use townhome development.

A $25 million apartment tower with small, furnished units was recently approved. Goodyear Rubber Products Inc. has sold off several of its properties in the Grand Central district.

Three blocks west of China Finders in the Union Central district, a development team of St. Pete-based Eastman Equity, led by Jonathan Daou, and St. Pete-based Blake Investment Partners, led by Blake Whitney Thompson, and Washington, D.C.-based Kettler have closed on property at 3235 Central Ave.

The purchase could potentially be the catalyst for the revitalization of the district, where Daou and Thompson have plans for further projects.



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