Places This Week: 1700 Central project; Mirror Lake activity

A weekly roundup of local real estate deals.

Redevelopment of 1700 Block moves forward

The Central Avenue block that houses businesses such as Dirty Laundry and The Burg Bar and Grill – and the former home of the Hideaway Cafe – will be the site of a mixed-use residential project. 

During a Thursday city council meeting, the councilmembers, meeting as the Community Redevelopment Agency, unanimously approved Trammell Crow Residential’s seven-story project that will occupy the entire block, finding it consistent with Intown West Redevelopment Plan. 

Earlier this week, the St. Petersburg Development Review Commission also approved vacation of an alley for the project. 

Trammell Crow Residential, a subsidiary of Crow Holdings, had filed an application with the city to build a 267-unit apartment building with ground-floor retail at the site for the project named Alexan 1700. The $105 million complex would include 18,000 square feet of commercial space with 75% of the retail fronting Central Avenue.

Melissa Rutland of the Rutland Commercial Florida Property Group assembled the site and is currently working to relocate the leaseholders of the locally owned businesses to nearby spaces.

As part of the development, a parking garage would be located in the center of the subject property and will be wrapped with residential units. 

Commercial space, lobby, and leasing office would front Central Avenue at the ground level. 

Residential units would be located along 1st Avenue South and 17th Street South. Floors two through seven will have residential units. There would also be a courtyard along 17th Street North. 

“The goal of the redevelopment plan is to provide a specific development focus for the Dome District that supports the Intown West Redevelopment Area and capitalizes on the opportunities generated by Tropicana Field,” the application read. 

The application lists other residential developments nearby, including the 11-story Vantage building on 16th Street N., the six-story Artistry complex on Central Avenue, the TRU Hotel and additional properties. 

TCR is working with Dwell Design Studio as the architect and engineering firm Kimley-Horn Associates. 

Holistic dental practice relocates to Mirror Lake 

Natural Smiles of Tampa Bay, a holistic dental practice that currently operating in Pinellas Park in an 860-square-foot space, will relocate its office to the Mirror Lake neighborhood to expand its staff and services, according to an announcement. 

The Mirror. Image: Facebook

The new 4,440-square-foot office will be located on the first-floor unit at 132 Mirror Lake Dr. N. in the Class A building called The Mirror.

The building, which opened in 2020, features a modern angular glass facade and consists of 10 condo units along with offices. 

Dr. Carlo Litano, owner of the dentistry practice, was able to secure a $2.47 million construction loan from American Momentum Bank to buildout the space. 

The practice purchased the floor earlier this year in a $2 million deal. Angela Grannan from The Grannan Group represented the buyer.

Scott Clendening, broker and President of Commercial Partners Realty Inc., represented St. Petersburg design group Wannemacher Jensen Architects, the landlord, with the sale of the first floor. 

Resort by Caddy’s sells

The Beach Flower resort that sits next to the popular Caddy’s restaurant on Gulf Boulevard at Madeira Beach has a new owner. 

The Beach Flower resort. GoogleMaps.

The beachfront resort owned by Harm Zwart has sold for $2.6 million to the Beach Flower LLC entity. 

Redington Shores estate sells for $3.9 million

The 3,243-square-foot home at 18326 Sunset Blvd. in Redington Shores has sold for $3.9 million. 

Estate at 18326 Sunset Blvd. in Redington Shores. GoogleMaps.

The waterfront estate, built in 2014, was owned by Frederick McClimans, an orthopaedic surgeon and president of Tampa Bay Bone and Joint Center, and his wife, Jane Marie, according to public records. 

The buyer purchased the home under the entity 18326 Sunset Boulevard LLC. 

Further details about the home listing are not available. 

Equity group picks up Clearwater industrial property 

A Clearwater industrial property has sold as part of a $23 million deal. 

Delray Beach-based Redfearn Capital, a private equity commercial real estate company, has acquired two industrial properties in Pompano Beach and another in Clearwater. 

The Clearwater facility at 3939 Airway Circle and 13200 40th St. N sold for $12.825 million. The industrial buildings total 103,750 square feet and are both occupied by SupplyOne, according to Redfearn’s release. 

Meanwhile, the Pompano Beach property at 450 E. Copans Road sold for $10.25 million, according to public records. 

“These two industrial assets offer an exceptional value-add opportunity in both of these booming industrial markets. Our team was able to secure both properties off-market and execute in a challenging economic environment,” Alex Redfearn, principal and founder of Redfearn Capital, said in the news release.

Coworking company makes plans for fourth Tampa Bay site 

Ohio-based COhatch, a company that develops coworking spaces, has filed a stormwater permit for a new Tampa Bay hub at Tarpon Springs. 

The property at 121 East Tarpon Ave., which was built in 1894 and was formerly a nightclub, would be the fourth COhatch site in Tampa Bay. 

The building at 121 E. Tarpon Ave. in Tarpon Springs. GoogleMaps.

According to the application filed, COhatch is renovating the entire existing building, located near the city’s iconic Sponge Docks. 

“We wanted to find a site in Tarpon Springs because of its rich history and charm,” Brian Sanders, COhatch’s Tampa Bay market leader, said in an earlier announcement for the new location. “One of the things we do best is restoring old buildings, so the town’s historic downtown is perfect for us. We’re excited to see our vision for the space come to life over the next several months.”

The Tarpon Springs location will also house a restaurant concept called Made Whole.

COhatch has other sites under construction in St. Petersburg at 15 8th Street, West Tampa and Lakeland, according to its website. The company has previously made plans to build a coworking hub in Clearwater as well. 

It has existing locations throughout Ohio and Minneapolis. 

The group is working with Osborn Engineering, which has a St. Petersburg office.