07/28/14 Real Estate
SARASOTA — If you're rich, you can afford to buy a multimillion-dollar home just to tear it down for your new mansion.
If you're Tampa Bay Lightning owner Jeff Vinik? You can afford two.
Vinik, the hedge fund megamillionaire and hockey baron who just bought Tampa's Channelside Bay Plaza, started demolition last week on a waterfront home near Sarasota's St. Armands Circle that he and his wife, Penny, bought in May for $3.5 million, the Sarasota Herald-Tribune said....
07/23/14 Real Estate
ST. PETERSBURG — When Adrienne Hatch wanted a new apartment, she saw no other option than downtown, where she'd be close to the running clubs and nightlife hideaways of the city's youngest, buzziest blocks.
So last month, the 28-year-old dietitian moved into a stylish flat in downtown's newest apartment tower, Modera Prime 235. The trade-off? It cost $1,330, double her last rent, for a one-bedroom matchbox spanning 700 square feet....
PINELLAS PARK — The world's largest ice cream maker will close a plant here that pumps out frozen treats for Klondike, Good Humor and Popsicle, axing hundreds of jobs.
Global consumer-goods giant Unilever said Monday that about 210 workers at the plant, at 5400 118th Ave., will lose their jobs between September and the end of the year.
The firm plans to shift its ice cream production to plants in Tennessee and Missouri, where it has "invested heavily in technology … to build our brands and sustainably grow," company spokeswoman Jaime Stein said....
07/15/14 Real Estate
ST. PETERSBURG — A jumbled push to convert a historic YMCA here into a downtown "music mansion" hit another chaotic checkpoint Tuesday, with the prospective buyer's attorney saying his client made a final $1.2 million purchase payment with minutes to spare.
But neither the seller, nor a second suitor hoping to renovate the aging building, could confirm late Tuesday that the buyer had squeaked in a payment before a tight afternoon deadline....
07/09/14 Real Estate
Tampa Bay home sales rebounded last month after a disappointing spring, rising 3 percent over last June and renewing hopes that the housing recovery is back on track.
About 3,400 single-family homes sold here in June, the second-busiest month for sales since the housing bubble burst, Realtor data show. The median home sold for $167,000, about 2 percent higher than at the same time last year as prices near a post-bust peak....
07/06/14 Real Estate
When the Mueller family sits for dinner, the leftover broccoli and crepes are already wrapped in plastic, the kitchen is beyond spotless, and the rest of the home is so tucked-away tidy it looks like they just moved in. In a way, they have: Every inch of furnishing, every little trinket and votive candle, sits precisely as designers placed it five months ago. That would make them the most perfect suburban ideal, except for one catch: This isn't actually their home. Bob and Dareda Mueller and their three grown sons are, instead, part of an "elite group" of middle-class nomads who have agreed to an outlandish deal. They can live cheaply in this for-sale luxury home if it looks as if they never lived here at all....
06/28/14 Real Estate
CRYSTAL BEACH — For Betsy Banks Saul, there is something addictive about giving strangers the keys to her family home. In the past few months she has rented to Massachusetts travelers, Midwestern honeymooners and a family in town for a funeral.
Banks Saul, 46, loves her vacation rental so much that last week she offered up a second one, her sun-lit beach home across the street. In doubling up, her home became the millionth live listing on HomeAway, where people like her hand over their homes to paying travelers for days or weeks at a time....
06/26/14 Real Estate
Florida once again leads the nation in "zombie foreclosures," abandoned homes sitting for months as their foreclosures slog through court, new data from research firm RealtyTrac show.
The Sunshine State accounts for 49,000 zombie homes, more than a third of the nation's total, according to data from the second quarter of this year. Homes here are left vacant for an average of 411 days before the foreclosure runs its course....
06/19/14 Real Estate
ST. PETERSBURG — This well-walked hallway where Jazz Age kids trudged off to learn math would, in developer Michael Mincberg's eyes, make a perfect one-bedroom apartment.
The elementary school's bells and old chalkboards — one with a decades-old scribbled missive, "I will not talk!" — would become trinkets for the lobby of the building, where lofts would be "luxury, historically detailed."...
06/13/14 Real Estate
The fire sale of new condos at luxury high-rise Signature Place was a rare glittering spectacle during the darkest days of Tampa Bay's housing collapse.
Hundreds of bargain hunters crowded a downtown ballroom to shout bids over platters of shrimp cocktail. Young women in skirts whisked winners to a closing room gleaming with flutes of champagne.
When 51 condos in the 36-story sail-shaped skyscraper sold at deep discount — some of them at half-price — one auctioneer burst with joy: "Who said Florida's in trouble?"...
06/13/14 Real Estate
TAMPA — New York Yankees All-Star Alfonso Soriano has a new home to relax in after spring training workouts at Steinbrenner Field, buying a sprawling mansion in Tampa's ritzy Avila country club for $2.7 million in cash.
The 7,800-square-foot Mediterranean mansion, gated and guarded by lion statues, boasts seven bedrooms, eight bathrooms, a library and billiards room, "endless closets" and a 4,000-bottle wine room the size of a small apartment, a sales listing shows....
06/10/14 Real Estate
Tampa Bay home prices dropped year-over-year for the first time in 29 months as the spring selling season sputtered to a close, triggering fresh worries over a flattening housing rebound.
Median home prices sagged to $162,000, down about 1 percent from the previous May, data from Realtors' multiple listing service show. The number of sales also dipped for the seventh time in the last eight months....
06/06/14 Real Estate
ST. PETERSBURG — A luxury condo skyscraper etched with greenery and capable of whisking Ferraris four floors up could soon rise next door to a former art gallery off downtown's tony Beach Drive.
The 18-story tower, called Bliss, would have 30 ritzy condos selling for between $800,000 and $1.3 million, with sweeping views of the bayfront and walls of floor-to-ceiling glass, developers announced Friday....
06/06/14 Real Estate
PINELLAS PARK — When house hunters Jim and Rhonda Bennett fell in love with a new home, they put in a good offer and stopped their search. Back in 2000, it had taken a week to buy their first home. How long could it take now?
That was four months, seven rejections and 100 homes ago. Their search has become a slog. And all for a goal that has become surprisingly hard to find: an affordable family home....
05/26/14 Real Estate
TREASURE ISLAND — St. Petersburg power broker Bill Edwards is looking to sell one of his half-dozen Tampa Bay homes, a tony Treasure Island mansion now on the market for $4.9 million.
The 7,000-square-foot waterfront estate boasts marble floors, a deep-water boat lift and a chandelier by glass sculptor Dale Chihuly. Edwards, who listed the Boca Ciega Bay home last week, bought it in 1998 for $735,000. ...