Kevin L. Chadwick Family Trust Plans for Million Dollar Restoration
Tampa Bay, FLA (June 27, 2018) – The State Theatre, a historic event venue on St. Petersburg’s Central Avenue, was acquired by the Kevin L. Chadwick Family Trust on June 26, 2018. The iconic concert hall captured the attention of local philanthropist and third generation St. Petersburg native, Kevin Chadwick, who is excited to add the theatre as a legacy property for his family to enjoy for generations to come.
When Chadwick first learned the theatre was for sale, he fondly recalled the story of his mother and father’s first date at State Theatre, and he just knew. “I had been thinking about a legacy property for our family, and what better legacy to have than the State Theatre in St. Petersburg?” says Chadwick. “I am excited to restore the theatre to its historic landmark grandeur that will make St. Petersburg proud. It is our family’s mission to re-engage, re-inspire, and re-connect our Community to the Theatre as a local venue that they will frequent often, and are excited to show off to visiting guests.”
After a productive meeting, St. Petersburg Fire/Rescue Division Chief & Fire Marshal Michael F. Domante and Chadwick agreed back of the house renovation and code structuring were the first priority. Chadwick’s construction plans are outlined in three phases. PHASE 1, slated for completion this summer, addresses functional obsolescence and any deferred maintenance. By the end of 2018 PHASE 2 will be underway and will include a complete retro-facelift for the front building façade as well as a new marquee. A complete new retro interior build-out including three new nostalgic bars and much more… will begin in Spring of 2019 and will mark the start of PHASE 3.
To follow the State Theatre’s progress: www.statetheatreconcerts.com/news
State Theatre’s Past: In 1924, The Alexander National Bank became one of the largest of the nine banks in the area, and one of the only banking establishments to print currency locally. To this day, it remains only the second example of a Neel Reid building in St Petersburg. The passing of Jacob Alexander a few years later led to the purchase and transition of the building to The Fidelity Bank and Trust. Opening in July of 1929, and then experiencing the stock market crash only three months later, Fidelity Bank and Trust, along with many local businesses, never recovered. Sadly, the local, future-landmark building would occupy a carousel of revolving business, until eventually becoming vacant.
With the Great Depression firmly in the rearview mirror, a new team of visionaries purchased the building at 687 Central Avenue with the concept of creating a state-of-the-art movie theater. After a complete renovation featuring the area’s first “floating screen”, push-back chairs, air conditioning and a smoking lounge, State Theatre was ready to open their doors to excited cinema goers on May 1st, 1950. The theater would enjoy success for over three decades, before ultimately going out of business in the early 1980’s.
Over recent years, State Theatre has become one of the premier destinations for a diverse and vibrant music scene. Hosting exciting acts ranging from up and coming local talent to Grammy winning artists such as Bon Jovi, artist showcases, and avant-garde theatrical presentations, the State Theatre truly continues to “wow” event attendees of all genres.
ABOUT KEVIN L. CHADWICK
The Kevin L. Chadwick Family Trust is committed to community development, economic growth, and the redevelopment of St. Petersburg, Florida. Kevin L. Chadwick operates the largest Keller Williams franchise in the state of Florida with 10 offices in Tampa, 1300 agents, and 3.2 Billion in annual revenue. Chadwick is one of the founding members of the St. Pete Economic Development Council, a key member of the KW Cares Foundation, and a third generation St. Petersburg resident.
STATE THEATRE: The State Theatre is a historic, 8,600 sq. ft. concert venue located in Downtown St. Petersburg, Florida. 687 Central Ave, St. Petersburg, Florida 33701. www.statetheatreconcerts.com
EVOLVE & CO: Evolve & Co is a full-service advertising agency located in downtown St. Petersburg, Florida. The company is a collective of brand strategists and creatives, specializing in the lifestyle vertical. The firm is located at 475 Central Avenue Suite M7, St. Petersburg, Florida 33701. www.evolveandco.com
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