04/24/17 Real Estate
Asked for the key to a successful home-building career, Gale J. "Jack'' Apple liked to say: Be honest and never build something you wouldn't live in yourself.
It was a philosophy that served Apple well as his Apple Homes built thousands of houses — many of them waterfront — throughout the Tampa Bay area including in Apollo Beach, Venetian Isles, Shores Acres, Maximo Moorings, Yacht Club Estates, Vina del Mar Island and Isle of Capri. ...
04/21/17 Real Estate
With the peak selling season in full swing, Tampa home sales didn't disappoint in March — prices in all four bay area counties jumped again by double digits compared to the same time a year earlier.
And once again, Tampa Bay outpaced every other major metro area in Florida and most of the smaller ones as well.
"We certainly have a great, healthy market right now,'' Charles Richardson, senior regional vice president of Coldwell Banker, said Friday. "I don't see any adverse influences to cause it to slow down." ...
04/20/17 Real Estate
At first blush, the new Wyndham Grand Resort on Clearwater Beach wouldn't seem to have much in common with an office plaza in Haines City.
Nor would a senior care facility in Tampa tend to be mentioned in the same sentence as a Crunch Fitness center or the University of Miami's life sciences building.
Yet all of these were funded in part by the same source — foreigners hoping to become legal permanent residents of the United States. ...
04/19/17 Real Estate
CLEARWATER — Century Oaks, a landmark estate overlooking Clearwater Harbor, has sold for $11.18 million, the most ever paid for a home in the Tampa Bay area
No other residential property has been even close to that price except for a Belleair estate that sold for $10.25 million in 2008. The top price paid for any bay area home last year was $6.9 million for a condo on St. Petersburg's Beach Drive. ...
04/19/17 Real Estate
Just a day after Tampa Bay's first tiny apartments went up for grabs, about 40 of the 120 already had been reserved. "That's not bad in 24 hours,'' Omar Garcia, manager of Urban Core Holdings, said Tuesday.
The company, under contract to buy a downtown Tampa office building and convert it into micro apartments, began taking reservations Monday at www.220madisontampa.com. The $50 reservation fee is refundable but the first people to reserve will have their choice of units if they end up renting. ...
04/18/17 Real Estate
An Indiana-based apartment developer is making its first foray into Florida with projects in two of Tampa Bay's trendiest areas.
In Seminole Heights, Milhaus plans 81 apartments plus space for shops and restaurants on North Florida Avenue at the corner of Idlewild Avenue. The site now houses a car lot — one of many along Florida — but the company sees potential for the busy thoroughfare to become a true "Main Street" for Seminole Heights residents....
04/12/17 Real Estate
TAMPA — You've heard of tiny houses. Now Tampa could become one of the first places in Florida to have tiny apartments.
Urban Core Holdings, LLC is under contract to buy a 12-story downtown office building and convert the top eight floors into micro-apartments. Each would have a kitchen with a two-burner stove top, microwave hood, refrigerator and dishwasher. The apartments would also come with a stackable washer-dryer unit; a bike rack and a Murphy bed that transformed into a dining table during the day....
04/11/17 Real Estate
As St. Petersburg considers major changes to its zoning rules, city staffers find themselves between a rock and a hard place.
Or, more precisely, a bungalow and a McMansion.
Residents of Historic Kenwood are the latest group to weigh in on the proposed changes, which they say wouldn't do enough to protect their area, known for its cozy bungalows, from being overrun with huge, boxy structures. ...
04/10/17 Real Estate
CLEARWATER BEACH — After four years of planning, one of the world's top luxury hotel brands — JW Marriott — finally could be coming to Clearwater Beach.
Sales are to begin this week for 36 fully furnished JW Marriott Residences, the first of their kind in the United States. They would occupy four upper floors of what also would be a 166-room JW Marriott hotel, one of only about 75 worldwide. ...
04/09/17 Real Estate
With the opening of the Opal Sands and Wyndham resorts on Clearwater Beach in the last 14 months, the Tampa Bay area gained 678 new hotel rooms.
Sound impressive? Wait until you see what's coming.
Over the next few years, at least 27 new hotels with a total of 4,000 rooms are expected to start welcoming guests in what has become one of the nation's hottest hotel markets. From Busch Gardens to the Gulf beaches, Hillsborough and Pinellas counties haven't seen this much hotel activity since the early '90s. And — finally! — the bay area could even shed its dismal distinction as Florida's only major metro area without a five-star hotel....
LARGO — Instead of its usual holiday party last December, Bayshore Home Care held an '80s gala to celebrate its founding in 1986. As big-haired employees in jeans and rock-concert shirts streamed into the Hilton Carillon Park, other hotel guests took notice.
"Since it was right before Christmas, most people were in suits so we got a lot of looks," says Todd Atkinson, who with sister Suzanne Johnson owns the home health care agency. ...
04/06/17 Real Estate
TAMPA — Want to invest in real estate?
The hard way is finding and buying the properties yourself, maintaining them, paying the taxes and insurance, then hoping you can make at least a few bucks from renting or selling them.
Then there are real estate investment trusts, or REITs. Put simply, you invest your money with a company that finds the properties and pays you dividends from the rents it collects. ...
04/05/17 Real Estate
TAMPA — On Saturday, a glitzy sales center opens for Tampa's newest condo tower, the 24-story Virage on Bayshore Boulevard.
It may not be a hard sell. Months before the first shovel of dirt is turned, more than half of the 71 units are reserved including one of its $5 million penthouses. If that sale goes through, it would be the top price paid for a Tampa condo in a decade.
"We started last summer to meet with potential buyers and there was a lot of excitement about something new," said Dave Traynor of Smith &Associates, which is marketing the Virage....
ST. PETERSBURG — Attorney James Patrick Stanton Jr., accused of secretly videotaping nude and partially dressed female employees at a Tampa company, has offered to voluntarily give up his law license in exchange for the Florida Bar dropping misconduct charges against him.
The announcement came this morning as Stanton, former corporate counsel for MaintenX International, appeared in a St. Petersburg courtroom for what would have been the start of a two-day hearing in the Bar's case against him....
03/31/17 Real Estate
Rents continue to soar in the Tampa Bay area, with the big increases hitting blacks and Hispanics the hardest.
That's the conclusion of two separate reports on a growing rent affordability problem that is predicted to push more renters toward buying this year.
The average rent for a two-bedroom apartment in St. Petersburg, which has seen an explosion in upscale apartment construction, has jumped 15.4 percent to $1,420 since the same time last year, according to the online apartment rental site Zumper. In Tampa, rents for two bedrooms are up 13 percent to $1,220....