Fit2Run and Exchange Hotel sites to be redeveloped

The Kolter Group and the Ally Capital Group are planning to demolish the Fit2Run and Exchange Hotel in St. Petersburg and redevelop the sites into a new hotel and residential tower.

Under the entities KT St Pete Runner LLC and Ally MW LLC, the groups filed plans for a mixed-use project encompassing a 35-story apartment complex and an adjacent 13-story hotel. Ally Capital Group, headed by Andrew Wright of Franklin Street, also filed a demolition request with the city to demolish the Exchange Hotel.

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Fit2Run and Exchange Hotel sites to be redeveloped - St.Pete Catalyst (stpetecatalyst.com)