Tuesday, September 18, 2018
Real Estate

Developer of The Heights in Tampa buys office complex near the Howard Frankland

TAMPA — SoHo Capital, which is developing The Heights mixed-use project just north of downtown Tampa, has bought the Mariner Square office complex near the Howard Frankland Bridge for $7.5 million. The 5.4 acre complex, sold by the L.M. Hughey Company, consists of five low-rise buildings with a total of 73,000 square feet in the booming West Shore Business District. SoHo executives could not be reached for comment Monday but selling agent Ward Viator said the private equity firm apparently plans to renovate the aging buildings at 200 S. Hoover Blvd.

SoHo Capital spent $20 million converting the old Armature Works warehouse on the Hillsborough River into the Heights Public Market, a dining and commercial emporium whose food hall recently opened. It is one piece of a plan that SoHo has for the 43 acres known as the Heights. The Pearl, a 314-apartment complex with ground-floor retail, is almost finished and SoHo plans to start construction in coming months on a boutique hotel and a $41 million, six-story office building.

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St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

ST. PETERSBURG — Mindy Grossman, the former HSN chief who now heads Weight Watchers International, has put her Beach Drive condo on the market at the hefty price of $3.95 million.The three-bedroom, three-and 1/2 bath unit on the 24th floor of Ovation...
Published: 09/17/18
Updated: 09/18/18
This $4.25 million bank-owned estate is the biggest waterfront property for sale in Tampa Bay

This $4.25 million bank-owned estate is the biggest waterfront property for sale in Tampa Bay

ST, PETERSBURG — For years it was Tampa Bay’s classiest party house, a spectacular waterfront estate that hosted many an event for charity. Now, it is the bay area’s priciest foreclosure for sale. U.S. Bank recently took back the mansion in St. Peter...
Published: 09/14/18
Florida, Tampa Bay rank high in risk of mortgage fraud

Florida, Tampa Bay rank high in risk of mortgage fraud

New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up nationally.One in 109 applications contained fraud in the second quarter of this year compared to one in 122 in the...
Published: 09/13/18
Townhomes are planned in St. Petersburg for the site of 1905 Victorian house

Townhomes are planned in St. Petersburg for the site of 1905 Victorian house

ST. PETERSBURG — Eight townhomes are planned for the site of a 1905 house thought to have been connected to early African-American leader Elder Jordan.A project of J2 Developers, the St. James Townhomes at 758 Third Ave. S each will have three bedroo...
Published: 09/13/18
New residential loans plunge in the Tampa Bay area

New residential loans plunge in the Tampa Bay area

Rising mortgage rates contributed to a sharp decline in residential loans originated in the Tampa Bay area in the second quarter of this year. According to the real estate database ATTOM Data Solutions, loans secured by residential property dropped 1...
Published: 09/12/18
A fresh take on what Tampa’s 50-story-plus Riverwalk Place will look like

A fresh take on what Tampa’s 50-story-plus Riverwalk Place will look like

TAMPA — Weeks before the sales center is due to open, potential buyers already are placing reservations on condos in Riverwalk Place. "The pace has been awfully good, better than we expected," said Reid Boren, managing partner of Two Roads Developmen...
Published: 09/10/18
Updated: 09/11/18
Flip or Flop? Tampa Bay’s house-flipping rate plunges

Flip or Flop? Tampa Bay’s house-flipping rate plunges

As home prices continue to rise, house-flipping is becoming less popular in the Tampa Bay area. The percentage of homes flipped in the second quarter of this year plunged 18 percent from the same period in 2017, according to the real estate web site ...
Published: 09/07/18
Opponents of Bezu condo tower sue developers, city of St. Pete

Opponents of Bezu condo tower sue developers, city of St. Pete

ST. PETERSBURG — As expected, the battle over Bezu has gone to court. In a lawsuit filed in Pinellas County Circuit Court, opponents say the city failed to follow the law and erred in approving plans to build the 19-story, 20-unit Bezu next to the hi...
Published: 09/06/18
Lawsuit over 25-story St. Pete tower involves option to buy land for $720,00 and contract to resell it for $1.8 million

Lawsuit over 25-story St. Pete tower involves option to buy land for $720,00 and contract to resell it for $1.8 million

ST. PETERSBURG — The developer of a proposed 25-story mixed-use tower in downtown St. Petersburg is suing the companies that own and lease a parcel of land where the tower would go.The dispute, which has put the project on indefinite hold, centers ar...
Published: 09/06/18
Water Street Tampa plans downtown’s first new office towers in decades

Water Street Tampa plans downtown’s first new office towers in decades

TAMPA — Water Street Tampa on Thursday unveiled the "work" part of its live-work-play vision for Tampa with a pair of 19- and 20-story office towers — billed as downtown’s first such "trophy" office buildings in 26 years.Add in another 180,000 square...
Published: 09/06/18