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Places This Week: Brandes buys new home, west St. Pete townhomes, Tyrone strip center sells
A local state senator has a new home in Pinellas Park. Construction is underway on townhomes in west St. Petersburg. A retail center on Tyrone has a new owner, while an online business is building out a brick and mortar location on Tyrone.
Here’s this week’s roundup of local real estate news.
Brandes moves
State Sen. Jeff Brandes and his wife, Natalie Brandes, bought a home at 8582 Laurel Dr. in Pinellas Park. The sale closed April 8 and the couple paid $1.6 million, according to a deed filed in Pinellas County. The home is in the heart of Senate District 24, which Brandes has represented since 2012. The 5,800-square-foot home is a waterfront property with five bedrooms and four-and-a-half baths, according to realtor.com.
Brandes tells St. Pete Catalyst he is moving to be closer to his parents and his children’s school. He said he is on track to close on the sale of his home in northeast St. Petersburg next week.
New townhomes
Stalba Construction is building five townhomes at 6582 1st Ave. S. in St. Petersburg. The project is identified as Hibiscus Townhomes in city documents. Each townhome will be two stories and about 2,100 square feet, with three bedrooms, two-and-a-half baths and garages, said Steve Stalba, manager of Stalba Construction and Stalba Investments. The homes will list for around $540,000 each. He expects to complete the project in September or October.
The property previously was platted for two lots, and the St. Petersburg City Council approved a plat to create five lots on April 8.
Tyrone transaction
A retail strip center at 4045—4055 Tyrone Blvd. sold for $3.885 million on March 31. The center, which includes ISI Elite Training, Aspen Dental and First Watch, consists of two buildings built in 2013 and totaling 10,700 square feet, according to Pinellas property records. The buyer was Daytona Shores Hotels and Resorts LLC, a company with a Lakeland address. The seller was 455 Tyrone Boulevard LLC, managed by a New Port Richey company, Tyrone Investments LLC.
4045 – 4055 Tyrone Blvd.
Flagship store
The company that bought the former Molly Suds distribution facility made an earlier purchase in the Tyrone area as well.
LH Venture Holdings, a subsidiary of Southeast Capital Holdings, bought the retail property at 3350 Tyrone Blvd. N. for $875,000 in December. The company is building out the interior for Reef & Reel, a fishing store selling equipment and apparel, said Todd NeSmith, operations manager.
Reef & Reel already has an online presence. The Tyrone location will be Reef & Reel’s flagship store and is expected to open in June, NeSmith said
There’s artwork on three sides of the building and the owners commissioned the Vitale Brothers for a mural at the site.
There’s a Vitale Brothers mural at Reef & Reel at 3350 Tyrone Blvd. N.
There’s also a Vitale mural at the warehouse at 7490 N. 30th Ave. that Southeast Capital bought on March 29. Another Southeast subsidiary, Innovative Design, will move into that property. It will serve as a manufacturing and distribution center for the company, said Kyle Masterson of Vector Commercial Real Estate, who represented Southeast Capital in the deal
