Potential buyer wants to turn Dunedin's historic Fenway Hotel into international tai chi hub
A representative of the Taoist Tai Chi Society of the United States of America says the organization is pursuing purchase of one of Pinellas County's iconic historic hotels, the Fenway in Dunedin.
Real estate broker Bill Sweetnam said the health and wellness society is in the "final throes" of contract negotiations with PNC Bank, which is foreclosing on the 6.4-acre waterfront property at 453 Edgewater Drive.
Sweetnam said the society intends to turn the property into a hotel and practice space for people attending workshops and formal instruction in tai chi, a centuries-old form of slow-moving, Chinese-influenced exercise.
The 50,000-member society's Toronto headquarters draws thousands of people a year from around the world, and the Fenway would similarly function as the society's U.S. hub, he said.
Read more here.