Habitat, County Invest in Lealman; Estate sales with putting green • St Pete Catalyst
A weekly roundup of local real estate offers.
Habitat for Humanity takes aim at Lealman
Habitat for Humanity of Pinellas and West Pasco Counties has reclaimed 12 properties in Lealman as part of its area revitalization strategy.
The nonprofit has purchased all 12 properties in the Grove Park Vista neighborhood from Paragon Oz Development in a $1.3 million deal.
The properties purchased are along 54th, 53rd and 52nd streets. They are vacant except for one property at 2747 53rd Ave. N., which is currently the site of a bar.
Sean King, director of government relations and advocacy for Habitat’s local division, said Habitat plans to build 10 homes at the sites.
The purchase of the properties was made possible through a partnership with Pinellas County, which has a comprehensive long-term development framework to address degraded conditions and improve the overall quality of life in Lealman, King said.
“The Lealman CRA is quickly becoming a focus area for Habitat. These properties are part of a larger set of redevelopment activities. Recently, Habitat was selected to develop twelve homes on dispersed sites within the Lealman ARC by the Pinellas County Housing Finance Authority,” he said.
On June 24, Habitat will celebrate the completion of five of these homes as part of a 10 out of 10 campaign – where 10 families will become homeowners.
Habitat plans to complete another 20 homes in the coming months.
“These partnerships will help revitalize the community, increase home ownership and affordable housing options, and strengthen the overall economic stability of the neighborhood. Given the current real estate and construction market, we would not be able to provide these much needed opportunities to the community, without the significant grant the county provides,” said the Habitat and CEP President. Mike Sutton in a statement. “We couldn’t be more grateful for the generous support that will help us achieve our goals. »
All homes will be sold to families earning 80% or less of the region’s median income.
Waterfront Tierra Verde estate sells for over $6 million
The estate at 820 Columbus Drive in Tierra Verde has new owners.
A lawyer and his wife sold their 5,974 square foot home earlier this month to the Nelson-Wang Family Trust in a $6.426 million deal.
The estate, built in 1994, has an outdoor oasis with a putting green, outdoor jungle gym, swimming pool, and dock equipped with jet skis and boat lifts.
Inside, the five-bedroom home features a grand foyer and living room with 24-foot-high ceilings, a gas fireplace with a custom mantel front, and windows offering views. panoramic on the gulf.
Two bedrooms, one with access to the private balcony overlooking the gulf, are on the first living level. Upstairs is the master suite with a bathroom finished in marble.
The home also has a large executive office with a private balcony, fitness room, game room, elevator, electronic shutters throughout, and solar power, according to the listing.
Buyers and sellers were represented by Dania Perry with Century 21.
The home was originally listed for $6.9 million. The home was last sold in 2018 for $2.85 million.
Clearwater selects a master developer for stunning properties
On Thursday night, Clearwater City Council voted to enter negotiations and reach an agreement with The Bluffs, one of three development teams that have submitted proposals to acquire the 2.6-acre Old City Hall and the 1.43 acre Harborview sites. The sites are known as “bluffing properties” which the city says could bring more people downtown and also anchor the redeveloped waterfront park project that a new amphitheater will anchor.
The Bluffs team is led by New York-based Gotham Organization, which has developed over 40 million square feet of commercial and residential developments, and The DeNunzio Group, which is a local company that has been involved in a handful of projects in St Petersburg and Clearwater.
The Bluffs’ proposal includes developing a 13-story, 150-room hotel with 15,000 square feet of retail and restaurant space for the Harborview site. Meanwhile, the former City Hall site would have two 27-story towers with a combined total of 600 rental units.
Now that the city has selected the main developer, it must reach a development agreement by July 7 to meet the deadline to get the referendum question in the November ballot – because the decision will ultimately be made by the citizens.
Kolter and its partner to redevelop the Fit2Run and Exchange Hotel sites
Kolter Group and Ally Capital Group plan 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 have filed plans for a mixed-use project comprising a 35-story apartment complex and an adjacent 13-story hotel. Ally Capital Group, led by Andrew Wright of Franklin Street, also filed a demolition request with the city to demolish the Exchange Hotel.
The properties included the plot where Fit2Run, a sportswear retailer, currently operates; as well as a rear parking lot.
The site plan shows that the hotel would be built on the Fit2Run site and that the nearby site, which houses the Exchange Hotel, would be redeveloped into a 361-unit residential tower with a seven-story parking structure.
Proposed Veterans Community in Pinellas County Moves Forward
Valor Preserve, an affordable housing project created for veterans, has rebounded after being initially turned down in December.
This week, the city’s Development Review Board approved a waiver application for Valor Preserve, which would be built on a 13.5-acre property at 9575 Seminole Blvd.
The 64-unit housing complex has been under construction since the Pinellas County Housing Authority acquired the site in 2013.
The complex would serve those earning 60% of the region’s median income, with more than half of the units catering to veterans.
The project did not need to go before the city council.
DevMar to build 20-story tower near Vantage St. Pete
One block from DevMar Development’s Vantage St. Pete apartment building will be a new tower, from the same developer.
DevMar, which is behind the 11-story Vantage St. Pete apartment building and The Metro, an ongoing 100-unit apartment project in the Edge neighborhood, has submitted plans to build Sky St. Pete – an apartment building of 20 floors with 246 apartments.
The $94 million residential tower would be built on land made up of an assemblage of five parcels. There are residential houses on the plots that would be demolished.
“We are determined to create this development because we see firsthand the overwhelming demand for downtown apartments in this type of product,” said DevMar CEO Mark DeMaria. “The much-requested residential units in St. Pete attract a class of highly educated, enterprising, business-minded residents who appreciate the arts, entertainment and restaurants. These residents will help all of St. Pete’s businesses, arts, restaurants and entertainment thrive even more.
The project is expected to be presented to the St. Petersburg Development Review Commission on August 3.
DevMar Development, which plans to seek FAR (floor area ratio) premiums, will not offer labor or affordable housing. The company will contribute to the city’s Housing Improvement Projects (HCIP) trust fund, which is intended for the city’s workforce housing efforts.
Once construction begins, it is expected to take 28 months.