ST. PETERSBURG — Music promoter Tom Nestor, who tried to buy the historic former YMCA building downtown, is suing a title company because of the failed transaction.
Nestor says in his suit that he made an agreement on Sept. 21, 2012, to buy the old Y at 116 Fifth St. S and submitted payment to consummate the transaction. The suit claims that the amount was based on incorrect information supplied by Title Agency of Florida. As a result, the seller rejected the payment as insufficient and terminated the contract, the suit says.
The boarded-up, Mediterranean Revival-style building was bought in late 2015 by developer Nick Ekonomou, who plans to transform it into a boutique hotel and event venue.