Places This Week: County buys land for affordable housing

A weekly roundup of local real estate deals.

Pinellas buys second Skyway Lofts site 

Pinellas County’s housing authority has purchased property in the Skyway Marina District for a future affordable housing development. 

The site at 3800 34th St. S. is directly across from St. Petersburg-based Blue Sky Communities’ 65-unit Skyway Lofts development, the district’s first affordable housing complex. 

The site for Skyway Lofts II at 3800 34th St. South, St. Petersburg. Image: Blue Sky Communities.

The project was made possible by Florida Housing Finance Corp. housing credits, a loan from the City of St. Petersburg, over $700,000 of the county’s Penny for Pinellas funds and other sources. 

Previous plans showed a second 66-unit Skyway Lofts building would rise at the vacant lot. 

The authority purchased the property in a $2 million deal from Skyway Marina Properties LLC. 

Developer buys property to build 35-story towers 

Clearwater-based Valor Capital has closed on property in Clearwater where it plans to build two 35-story residential buildings, which will be the tallest high-rise in the city. 

A rendering of two 35-story towers Valor Capital is proposing to build in Clearwater. Image provided.

Valor Capital purchased the site adjacent to The Oaks of Clearwater assisted living facility at 444 Bay Ave. in a $15 million deal from an entity connected to local real estate group TJM Properties. 

Valor Capital Chairman and CEO Moises Agami  said there’s a $300 million budget for the project. Once construction commences, it will take five years to complete. 

The group recently opened its $70 million-plus, 80-unit Serena by the Sea condominium complex in Clearwater and is developing a luxury condominium tower in St. Petersburg near the Dali Museum. 

Brightwaters estate lists for $13 million

The newly-built 1721 Brightwaters Blvd. NE estate has hit the market with a $13 million asking price. 

The 8,777-square-foot home in the exclusive Snell Isle neighborhood was constructed in 2022 by local homebuilders George and Jamie Lutich. 

1721 Brightwaters Blvd. NE, St. Petersburg. Realtor.com.

The former home on the property was set closer to the water, limiting the outdoor space, while the newly built home has 100 feet of water frontage.

The six-bedroom estate features a quartz floor-to-ceiling fireplace, an elevator, smart home technology, panoramic views of the waterfront and an outdoor entertainment area with a pool, spa and a 15,000-pound boat lift. 

Carol Fasick Joyce and Alexis Logan of The Dynasty Group are the listing agents. 

St. Pete gentlemen’s club property lists 

A commercial property off Gandy Boulevard operating as the TNA Gentlemen’s Club and a liquor store is on the market. 

The $8.5 million sale for the 16,597-square-foot building at 10570 Gandy Blvd. includes a liquor license, inventory, a storage container and income from a billboard lease. 

The building at 10570 Gandy Blvd., St. Petersburg. GoogleMaps.

According to a listing, the 1.5-acre property, constructed in 1957, underwent recent renovations. 

Darleen DePoalo with ABI Road Realty LLC is the listing agent. 

Car wash property sells 

The Squeeky’s Car Wash site in St. Petersburg has sold in a $4.125 million deal. 

An entity connected to West Palm Beach-based architect Jon Schmidt purchased the site at 3264 Tyrone Blvd. N. 

The car wash at 3264 Tyrone Blvd. N., St. Petersburg. Loopnet. 

The 2,385-square-foot car wash building was constructed in 2000. 

The Squeeky’s Car Wash business is family owned and operated and has four other locations.