Places This Week: Clearwater, Largo apartments sell
A weekly roundup of local real estate deals.
Clearwater apartments are scooped up
The Four Lakes at Clearwater residential community has been acquired for roughly $69.4 million.
Clearwater LL LLC sold the 461-unit apartment complex at 6465 142nd Ave. N. to California-based multifamily investor TruAmerica.
Four Lakes at Clearwater. Facebook image.
The 36-acre property was built in 1985 and consists of 44 two-story residential buildings.
Four Lakes at Clearwater, which was doing business as the Clearwater and Reserve at Clearwater, represents TruAmerica’s first acquisition in the Tampa-St. Petersburg-Clearwater metro area, according to TruAmerica’s website.
The community’s amenities include two clubhouses, two pools, two dog parks, tennis courts, a sand volleyball court and a fitness center.
Largo apartments sell for $76.7 million
The Boulevard apartments in Largo are under a new ownership through an executed $76.7 million deal.
The Connor Group, based in Ohio, purchased the 260-unit apartment complex at 2098 Seminole Blvd. from Atlanta-based RangeWater Real Estate.
The Boulevard apartments in Largo. Facebook image.
The four-story luxury apartment complex, built in 2015, has one-to-three-bedroom floorplans.
The complex has private garages, a dog park, a resort-style pool, a theater room and other amenities.
RangeWater Real Estate took out a roughly $24 million mortgage loan from Morgan Stanley.
Senior living center in St. Pete sells
CTR Partnership LP has sold the Noble senior Living at St. Petersburg center for $3.55 million.
The Nora II LLC purchased the center at 3479 54th Ave. N. and the surrounding parcels on 55th and 54th Avenues.
The buyer is connected to the group that operates the Alimar Assisted Living in Tampa.
The buyer took out a $1.853 million mortgage loan from Bayfirst National Bank.
Gulfport restaurant closes
The breakfast spot Pop Goes the Waffle, known for its dessert waffles, will close shop Jan. 22.
Owner Sara Fludd informed guests on social media that the storefront at 5004 Tangerine Ave. S in Gulfport will permanently close due to economic impacts “beyond our control,” such as the cost of goods and inflation driving declining sales.
“It’s unfortunate, but we’ve just reached the tipping point where I can’t justify using the viable segments of the business to prop up the failing part,” the owner wrote.
The Blossom the Waffle Truck and the business’s wholesale division will remain in operation at this time.
Pop Goes the Waffle. Facebook image.
Pamela
January 21, 2023at2:05 am
They are gentrifying pinellas county .paradise lost by native floridians, over building for a buck. We are over populated, now new yorkers are moving to the west coast like locusts.displacing native floridians is sad .This is our home. They have driven the cost up ,auto insurance, home owners, taxes, most people say they had to put nosoliciting signs up to keep these people from knocking and asking if you are sellng. At your age you dont need a house with maitenance. They are a plague.