The restaurant is acquired for a houseboat complex, the estate designed by the architect Disney is sold • St Pete Catalyst

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A weekly overview of local real estate offers.

Sea Hags Restaurant and Marina was purchased for the development of a condominium complex

Ping Pong Partners, formed by Steve Gianfilippo, who founded the Cordova Inn and Station House in St. Pete, purchased the Sea Hags Restaurant and Blind Pass Marina in St. Pete Beach.

Ping Pong Partners purchased this site from Blind Pass Marina Enterprises LLC in a $ 5.2 million deal. Ping Pong Partners also took out an $ 8.5 million mortgage loan from Valley National Bank.

A resort concept for the site has already been presented to the Town of St. Pete Beach for a redevelopment of this property at the north end of St. Pete Beach.

The resort / condominium project would qualify for approximately 65 temporary accommodation units and 21,000 square feet of amenity space, according to city documents. City manager Alex Rey explained that it was actually a houseboat complex.

Texas company buys Elements on Third development in $ 125.5 million deal

Texas-based Lurin Capital purchased the five-building development, including the 178-unit apartment complex, at 441 33rd Street North in a $ 125.5 million deal.

The company purchased the development from South Florida-based Altis Cardinal and Skyline LLC. Lurin took out a mortgage loan of approximately $ 66.84 million from VPD Lender for the property.

Elements on the third. Google Maps.

Lurin is known to seek out multi-family assets in the South East in an effort to maximize value. She owns several properties throughout Florida, including Amelia in Westshore in Tampa.

Elements on Third and Skyline 5th, a 178-unit apartment building (also known as Seaglass Tower), is located in the historic Kenwood district.

Atlis acquired the site in late 2012 and ultimately purchased the surrounding buildings for office and residential developments.

“We came to the end of the development plan where we built all the aspects we wanted. We realized that the vision we had had been realized and that there was nothing more to develop, ”said Cardinal Altis, Frank Guerra.

The Tarpon Springs Equestrian Estate designed by architect Disney has a new owner

A Tarpon Springs estate that has more than seven acres of land with tennis courts and stables has sold for almost $ 2 million.

The estate at 199 Old East Lake Road sits on the highest point in Pinellas County.

199 Old East Lake Road, Tarpon Springs. Realtor.com.

The 6,301 square foot home, built in 1986, features a tack room, “practice arena,” custom pool with a waterfall, and other offerings.

The exterior of this home was designed and built by the architect who designed Disney’s Cinderella Castle, according to the listing.

The site of over 7 acres. Realtor.com.

When guests enter the five-bedroom, five-and-a-half-bath home, they are greeted by the great room with vaulted ceilings and imported fossil stone floors.

Next to the great room there is an office with an additional room which has cork floors with views over the property.

The stables on the property. Realtor.com.

There is a separate in-laws suite with an observation deck located above a six-car garage.

The seller was represented by Cameran colandrea with Real estate experts. The buyer was represented by Sylvie haddad with the Redfin Company.

New boutique hotel to debut in downtown St. Pete

A new boutique hotel arrives in downtown Saint Petersburg.

The Exchange Hotel, formerly known as Hotel Indigo, was recently acquired by Ally Capital Group, founded by Andrew Wright, director of Franklin Street.

The planned renovated hotel at 234 Third Ave. North. will have 76 rooms as well as a restaurant, bar and event space.

He is expected to make his debut this winter.

Of the 76 rooms, 69 will be boutique-style rooms and the remaining seven will be suites.

The hotel restaurant will be a new concept from Next Level Brands, a hotel group led by local restaurateur Jeff Gigante.

Citrus Grove Apartments for Sale

The St. Pete apartment complex was sold in an $ 8.975 million deal.

FFAH Citrus Grove LLC purchased the 84 unit property.

Citrus Grove Apartments. Google Maps.

The Ceridian campus is in the market

The Ceridian Tower, the centerpiece of the 51-acre landscaped business campus originally created for tenant Florida Power in 1971, is on the market.

Ceridian. Archive photo.

A Loopnet listing indicates that 165,709 square feet are available.

Ceridian at 3201 34th Street S. is home to several buildings. Building A is a nine-story, 60,453 square foot structure at the heart of a nine-building campus with suites ranging from 5,904 to 50,255 square feet.

The rental rate is $ 21 per square foot, according to the listing.

The building could house several tenants or be redeveloped.

Melanie Jackson with Cushman and Wakefield is the agent representing the seller.

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