Jannus Live is not for sale, owner confirms as neighboring building hits market for $11.5 million

Jannus Live is not for sale, owner confirms as neighboring building hits market for .5 million

Contrary to recent experiences, Jannus Dwell, the iconic originate-air live efficiency venue in downtown St. Petersburg, is no longer within the marketplace and would possibly perchance proceed running, in step with the property’s owner.

The confusion started when a two-yarn, 10,500-sq.-foot commercial building at 200 1st Avenue North, straight north of the courtyard music venue, became listed on the marketplace for $11.5 million.

Even though the 2 properties share a longstanding connection, they’ve separate homeowners.

The building listed within the marketplace is owned by The Jannus Touchdown Retail Constructing, LLC, related to native businessman Jeff Knight, while the courtyard live efficiency venue is owned by St. Pete Jannus, LLC, led by Tony Amico.

“Jannus music venue is no longer within the marketplace and would possibly perchance proceed to goal,” Amico acknowledged in a dialog with St. Pete Rising. “There’ll likely be a transient live attributable to a metamorphosis of operators, however the music will proceed.”

The honour comes after several native publications reported that Jannus Dwell became being bought, elevating concerns about the methodology ahead for the courtyard that has hosted concert events in downtown St. Pete since 1984.

The commercial staunch property itemizing advertises the neighboring building as an investment different, alongside with the chance of purchasing ownership interests in particular companies for another $6 million.

The property at the moment houses several eating areas and bars, including Dal Moro’s, Shiso Crispy, The Touchdown Balcony Bar, and Joey Brooklyn’s. It additionally contains VIP suites faded by Jannus Dwell.

The itemizing outlines a possible redevelopment that would possibly perchance well add a rooftop music venue to 200 1st Avenue North with a projected capacity of 500 to 800 individuals, alongside with a second-ground dueling piano bar and comedy membership that would possibly perchance well accommodate one other 300 to 400 guests.

Nonetheless, the plans seem like a redevelopment notion being marketed to doable investors, no longer a confirmed vogue mission. The plans fetch no longer been submitted to the City of St. Petersburg for overview or approval.

The proposed rooftop home is referred to within the itemizing as “Jannus Dwell Rooftop Bar and Song Venue,” apparently contributing to the confusion that the present courtyard venue would be relocated to the roof.

Nonetheless, the proposed rooftop venue would be positioned on Knight’s property, no longer the neighboring courtyard.

While the courtyard is no longer within the marketplace, a metamorphosis in its operator will likely be coming.

Knight Worldwide Leisure, which at the moment operates Jannus Dwell, leases the courtyard from Amico’s firm under an agreement that expires on December thirty first, 2026.

Amico confirmed that discussions are underway concerning a possible instant-length of time extension of the rent to accommodate concert events already scheduled previous the cease of the year.

“We’re negotiating correct now. We would possibly perchance give him an extension to goal for a transient time,” Amico acknowledged.

Within the intervening time, Amico is brooding about recent operators for the live efficiency venue and confirmed that there’s essential interest in taking up the property.

“Now we don’t fetch any no longer up to six letters of intent,” Amico acknowledged.

He declined to identify the functionality operators, and no agreement with a brand recent operator has been launched.

“We’ll carry out what’s most productive for the music and the individuals of St. Petersburg,” Amico acknowledged.

The ownership relationship between Amico and Knight is additionally the topic of ongoing litigation in Pinellas County Circuit Court docket.

Underneath a November 2015 agreement, St. Pete Jannus, LLC, led by Amico, holds a correct of first supply, a correct of first refusal, and a separate possibility to amass Knight’s neighboring building at 200 1st Avenue North.

The correct of first refusal customarily affords Amico’s firm a possibility to envision a qualifying third-birthday party supply for the property. The separate maintain possibility affords a route of for buying the building at a negotiated or independently appraised price, topic to the agreement’s conditions.

In July 2026, St. Pete Jannus filed a lawsuit against Knight, The Jannus Touchdown Retail Constructing, LLC, and two other defendants, alleging that a proposed $8.5 million transaction intelligent the sale of ownership interests within the property-owning firm became structured to intrude with its maintain rights.

That proposed transaction became terminated in September after failing to shut for the duration of the contractual closing date, in step with court records. Nonetheless, the lawsuit stays unresolved.

Amico confirmed that he’s in purchasing the neighboring property at basically the most attention-grabbing mark.

As for the present Jannus Dwell courtyard, Amico emphasized that the venue’s future is no longer dependent on whether Knight sells the neighboring building.

“My neighbor would possibly perchance give a boost to the downtown St. Petersburg scene with some recent issues they’ve planned for his or her property subsequent door to Jannus Touchdown, and I want them basically the most productive of success,” Amico acknowledged.

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