Places This Week: Golf course, car centers sell
A weekly roundup of local real estate deals.
Tarpon Springs golf club sells
Ace Crescent Oaks Inc. has sold the Crescent Oaks Golf Club in Tarpon Springs.
Brad and Carolyn Deroo purchased the 200-acre, championship 18-hole golf course at 3270 Crescent Oaks Blvd. in a $4.38 million deal.
General Manager Brandon Cuddy said the new owners plan to continue the existing operations and not make significant changes.
The buyer took out a roughly $3.153 million loan from Valley National Bank for the purchase.
The secluded golf course and country club opened for play in 1989 and sits adjacent to Brooker Creek Preserve, according to golf website Foretee. It was designed by renowned architect Steve Smyers and professional golfer Jim Colbert.
The property includes the 10,000-square-foot clubhouse, which can host 250-person weddings and events, and The Oak Tree Bar and Grille restaurant.
The seller, Ace Golf Properties, owns other golf courses and clubs in Florida.
New dealership to open in Palm Harbor
New Jersey-based Auto Lenders, a leading pre-owned car dealership, will open a new showroom in Palm Harbor.
The 37,340-square-foot dealership and showroom at 31200 U.S. Highway 19 N. will open Oct. 2.
Auto Lender’s new location in Palm Harbor, which was formerly a Honda auto dealership. GoogleMaps.
“We’re excited to expand our presence to Palm Harbor and bring our unique approach to the used car market,” Auto Lender President Brad Wimmer said in a prepared statement.
The buildings, which formerly housed a Honda auto dealership, are expected to have between 300 and 500 vehicles available for customers to browse on opening day.
This will mark the 10th dealership location for Auto Lenders. A formal grand opening ceremony will be held in early 2024.
Development group buys 20-plus lots
St. Petersburg-based HP Capital, the same development group behind Reflection, a luxury 18-story condominium tower underway at Mirror Lake, has purchased multiple parcels in Tarpon Springs.
HP Capital has purchased over 20 lots from the Tarpon Land Trust LLC in a $1.4 million transaction. The sale included lots 11 through 20 and additional lots around Lake Butler Heights.
According to the property appraiser site, these lots are vacant. HP also assumed a $1 million-plus mortgage from the seller.
Mid-Core Garage deal closes
The City of St. Petersburg has sold a portion of the Mid-Core Garage near the Sundial shopping complex after approving a purchase agreement.
The city sold multiple floors in the garage in an $11 million deal to Chaco I LLC, local real estate entrepreneur Fred Bullard Sr. and his son, who have leased the building from the city for over 20 years.
The Mid-Core Parking Garage. GoogleMaps.
They own the ground floor of the garage, which is leased by retail tenants including Starbucks, the One Night Stand bar, Tranquility Day Spa, Mio’s Grill and Café and The Optic Shop, according to the latest maps of the property.
When the city approved the agreement during a meeting earlier this month, the contract allows the developer to purchase the building in two phases: Phase 1: The purchase of floors two through six for $11 million and Phase 2: An option to purchase floor seven for $4 million. There is also a stipulation that the developer must operate Mid-Core as a public parking facility for 25 years.
Seminole car centers sells
The American Car Center in Seminole has sold in a $7.95 million deal.
An entity connected to the TKO Group, which operates a Toyota dealership in Georgia, purchased the center at 8350 Park Blvd.
The center is located on seven acres and includes three buildings: A 28,277-square-foot showroom and sales office, a 17,970-square-foot parts department, a garage and washing and details buildings.
