Make us your home page
Instagram

Two buyers vying for Belleview Biltmore, owner's representative says

The historic Belleview Biltmore hotel, which has fallen into disrepair, is listed for $9 million on the real estate site LoopNet.

JIM DAMASKE | Times (2011)

The historic Belleview Biltmore hotel, which has fallen into disrepair, is listed for $9 million on the real estate site LoopNet.

BELLEAIR — Two potential buyers are vying to purchase the historic Belleview Biltmore.

And at least one of the offers is pretty serious, according to Matthew Cummings, a representative for the owner.

"I would call one of them relatively serious and another one kind of a dream," Cummings said.

He declined to disclose names, but he said one intends to restore the 115-year-old hotel. The other is in the hotel business and has built residential communities.

Town Manager Micah Maxwell said he heard that Richard Heisenbottle, the Coral Gables architect who worked for the Biltmore's previous owner, had made an offer.

Heisenbottle, who has shared plans to restore the hotel, declined to comment last week.

Cummings would not confirm Heisenbottle's involvement.

The two have notoriously had friction over the fate of the Biltmore. Cummings has said running a hotel on the site would be impossible. Heisenbottle has disagreed.

Owner Raphael Ades told the Belleair Bee that one potential buyer wants to develop townhomes on the Biltmore site and another wants to keep the site a hotel. Reached by phone Thursday afternoon, he said he was on vacation and couldn't talk.

Ades and his brother Daniel are part of a group of Miami investors that bought the hotel, its golf club and its Cabana Club on Sand Key for about $8 million in December 2010.

The hotel and the Cabana Club are listed on a commercial real estate site called LoopNet. The price for the hotel, which is classified as a residential lot, is $9 million. And the beach club is listed as a lease.

In January, the owner filed an application to raze most of the Biltmore. And a little more than a month ago, the town deemed the application incomplete.

For months, Cummings has been sharing plans to build townhomes and possibly condos on the Biltmore property. During negotiations, he said, the owner intends to pursue those plans, including the application to demolish the hotel.

If a potential buyer is "not capable of closing, we don't want to start all over again when it reverts back to us," he said.

Cummings recalls about 10 offers on the hotel. Most prospective buyers expressed wanting to build apartments. A few have been interested in assisted living facilities, but the owner hasn't entertained those offers because the town is against that option.

Lorri Helfand can be reached at lorri@tampabay.com or (727) 445- 4155.

Two buyers vying for Belleview Biltmore, owner's representative says 03/08/12 [Last modified: Tuesday, March 13, 2012 11:50am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. In advertising, marketing diversity needs a boost in Tampa Bay, nationally

    Business

    TAMPA — Trimeka Benjamin was focused on a career in broadcast journalism when she entered Bethune-Cookman University.

    From left, Swim Digital marketing owner Trimeka Benjamin discusses the broad lack of diversity in advertising and marketing with 22 Squared copywriter Luke Sokolewicz, University of Tampa advertising/PR professor Jennifer Whelihan, Rumbo creative director George Zwierko and Nancy Vaughn of the White Book Agency. The group recently met at The Bunker in Ybor City.
  2. Tampa Club president seeks assessment fee from members

    News

    TAMPA — The president of the Tampa Club said he asked members last month to pay an additional assessment fee to provide "additional revenue." However, Ron Licata said Friday that the downtown business group is not in a dire financial situation.

    Ron Licata, president of the Tampa Club in downtown Tampa. [Tampa Club]
  3. Under Republican health care bill, Florida must make up $7.5 billion

    Markets

    If a Senate bill called the Better Care Reconciliation Act of 2017 becomes law, Florida's government would need to make up about $7.5 billion to maintain its current health care system. The bill, which is one of the Republican Party's long-promised answers to the Affordable Care Act imposes a cap on funding per enrollee …

    Florida would need to cover $7.5 billion to keep its health care program under the Republican-proposed Better Care Reconciliation Act of 2017.  [Times file photo]
  4. Amid U.S. real estate buying binge by foreign investors, Florida remains first choice

    Real Estate

    Foreign investment in U.S. residential real estate recently skyrocketed to a new high with nearly half of all foreign sales happening in Florida, California and Texas.

    A National Association of Realtors annual survey found record volume and activity by foreign buyers of U.S. real estate. Florida had the highest foreign investment activity, followed by California and Texas. [National Association of Realtors]
  5. Trigaux: Tampa Bay health care leaders wary of getting too far ahead in disruptive times

    Business

    Are attempts to repeal Obamacare dead for the foreseeable future? Might the Affordable Care Act (ACA), now in dire limbo, be revived? Will Medicaid coverage for the most in need be gutted? Can Republicans now in charge of the White House, Senate and House ever agree to deliver a substitute health care plan that people …

    Natalia Ricabal of Lutz, 12 years old, joined other pediatric cancer patients in Washington in July to urge Congress to protect Medicaid coverage that helped patients like Ricabal fight cancer. She was diagnosed with Ewing's sarcoma in 2013 and has undergone extensive treatments at BayCare's St. Joseph's Children's Hospital in Tampa. [Courtesy of BayCare]