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Downtown St. Petersburg YMCA building without a buyer again

St. Petersburg

Despite nibbles, YMCA building without buyer

After a burst of attention this fall, downtown's historic YMCA building is again without a buyer.

Boarded up since it was sold in 1999, the ornate plaster and concrete building at 116 Fifth St. S was the subject of some development interest in the fall, when one buyer signed a contract and another waited on the sidelines to make a deal.

Those plans have since fallen through, said Philip Powell, a partner in VPC3 II, the group that owns the property. The 51,500-square-foot building was last advertised for sale at $2.2 million. Built in 1926, the building housed the YMCA headquarters until the agency moved to First Avenue S. It has since been considered for development as condominiums, a private residence, a nightclub, a boutique hotel and a day spa.

St. Petersburg

Plasma-Therm will mark first anniversary

Gov. Charlie Crist and Mayor Bill Foster are expected to be on hand as Plasma-Therm LLC celebrates its first anniversary at 3 p.m. Friday.

Plasma-Therm, a St. Petersburg high-tech semiconductor company, participated in the Qualified Target Industry tax incentive program in 2009.

Plasma-Therm created 75 high-tech jobs as a direct result of QTI program assistance.

Plasma-Therm's Corporate Office is at 10050 16th St. N. For more information, call (727) 577-4999, ext. 1308.

News of businesses and business people can be faxed to (727) 893-8675, e-mailed to neighborhood@sptimes.com or mailed to Neighborhood Times, 490 First Ave. S, St. Petersburg, FL 33701. Photos can be mailed as jpegs.

Downtown St. Petersburg YMCA building without a buyer again 02/16/10 [Last modified: Tuesday, February 16, 2010 3:44pm]
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