A weekly roundup of local real estate deals.
Maserati dealership in St. Petersburg under new ownership
The Maserati Alfa Romeo of St. Petersburg dealership, which sells new and pre-owned luxury vehicles, has sold to another auto group.
Tampa Bay Luxury Imports LLC, which operates as the Maserati dealership, sold the space at 3033 Gandy Blvd. to Q Gandy LLC in a $6 million deal.
The 13,401-square-foot dealership in the Gateway Centre Business Park was completed in 2016 and is known for the services it provides for Maserati car owners.
The buying entity is tied to Bruce Qvale, who owns the Qvale Auto Group. The auto group was founded in 1947 by his father, Kjell, “Mr. Q” Qvale. The group has been a premier automotive retailer with 15 franchises spanning the United States from Florida to California.
It has dealerships in Lakeland and Tampa and specialize in Audi and Volkswagen vehicle sales, according to its website.
The Q Gandy LLC entity took out a $5.1 million loan from Comerica Bank for the purchase of the dealership.
Home of St. Pete’s ‘Founding Mother’ is listed
The property at 1400 Beach Drive NE, known as “The Flora Wylie Villa,” is now pending a sale.
The home, which is also referred to as “The Gargoyle House” for its original European stone gargoyles, was built in 1923 in the Historic Old Northeast neighborhood. It was the vision of Flora Wylie, one of St. Pete’s “founding mothers,” and designed by the famed architect, Henry L. Taylor, who also designed the Vinoy Hotel.
Flora Wylie was the first woman to serve on St. Petersburg’s Planning Board, in 1928, and was a founding member of the St. Petersburg Garden Club.
Shee envisioned a Mediterranean Revival-style home inspired by a renowned villa in Milan, Italy. The current owners completely renovated, modernized, and increased the home’s living areas while preserving the Italianate architectural style and character, according to the listing. The 5,051-square-foot home is listed for $3.4 million.
Inside, there are five bedrooms and four full- and one-half bathrooms. The formal and grand foyer is adorned with a stone fireplace and original wood and glass built-in bookshelves. There’s also an in-law suite on the first floor with an en-suite bathroom, beverage bar, walk-in closet and private courtyard.
Outside, it features a resort-style pool deck, heated pool and spa, tropical landscaping and a turf-covered yard.
Rebecca Malowany with Smith and Associates is the listing agent. The sale of the home is expected to close by the end of this month.
It last sold in 2013 for $1 million.
The fate of the Tropicana Field site continues
This week, St. Petersburg Mayor Ken Welch was expected to select a proposal to move forward with regarding the redevelopment of the 86-acre Tropicana Field site; however, he selected neither proposal.
“I am impressed with the efforts from the two finalists in the current RFP [request for proposals] process,” Welch announced during a Wednesday press conference in front of the stadium. “They have listened to our community and have responded with their vision of the 86 acres in accordance with our community needs in terms of housing, office space, meeting space, greenspace and an impactful economic development … however, our environment has changed in many ways since the initial RFP was issued in 2020, and we must ensure the RFP meets our current environment and realities and incorporates the most up-to-date information.”
Welch will be issuing a new RFP by August. All of the new submitted proposals must include a stadium in the plans. The refreshed RFP will reopen the floor to other developers wishing to take on the immense task, including the Tampa Bay Rays.
Here’s what the two initial finalists- Midtown Development and Sugar Hill Community Partners – have to say about Welch’s decision to restart the entire process.
Original C. Perry Snell home is listed
A Mediterranean Revival waterfront home built by C. Perry Snell, the developer who created one of the most expensive neighborhoods in the region – Snell Isle – is now on the market.
The home at 2296 Coffee Pot Blvd., built in 1926, has an asking price of $3.5 million and is now pending a sale.
The 3,770-square-foot home is located on a 2.5-acre lot, occupying an entire corner of Coffee Pot Boulevard on a waterfront lot with a dock and a pool.
The home has undergone renovations over the past two years while the owners maintained its character. The renovations include all new plumbing, electrical, modernization of all bathrooms, re-plastered walls, a new generator and an expanded gourmet custom kitchen, according to the listing.
The first level of the home features a large family room with a fireplace, a formal dining room and a family room with custom millwork and built-in cabinetry.
The listing agent is Tammy Campbell McNelis of Compass Florida.
The home last sold in 2019 for roughly $1.64 million.
PulteGroup wraps up work on its first St. Petersburg townhome community
The Georgia-based PulteGroup, one of the largest homebuilding companies, is working on finishing the final touches on its first townhome community in St. Petersburg, which will open July 9.
The community, called Shoreline, is located at 350 Surfside Ave. NE. It’s a gated, boutique townhome community with 53 luxury townhomes. The townhomes have three bedrooms, two-and-a-half baths and a two-car garage.
This new community is close to the Carillon Park corporate business park, the Howard Frankland and Gandy Bridges – providing easy access to Downtown Tampa and St. Pete, and the region’s beaches.
The townhomes at Shoreline start in the upper $400,000s.
Lake House to rise in Mirror Lake neighborhood
Skyward Living has submitted plans to the city to develop an 18-story luxury condominium tower called Lake House at 200 Mirror Lake.
The Lake House would feature 77 condominiums and an 840-square-foot café, which would be locally operated.
The Preserve the ‘Burg advocacy group said the developer has pushed the application review from July to September to go before the St. Petersburg Development Review Commission in September.
The project would result in the demolition of four historic structures along Mirror Lake Drive, three of which are listed as contributing to the Downtown St. Petersburg National Register District, Preserve the ‘Burg stated, telling members it will be monitoring the project.
Skyward Living is working with Tim Clemmons of Place Architecture to build the $90 million condo tower. Together, they previously built the LIV 233 townhome community on 4th Avenue North, and Urbana Townhomes, a townhome community on 7th Street South.
“We want to have a timeless feeling to be responsive to the surrounding area. We don’t want it to look cold and we will have a lot of classical elements,” Skyward Living co-founder Hudson Harr told the St. Pete Catalyst.
Skyward Living is also working with St. Pete-based Backstreets Capital, which is on the development team for The Nolen, Orange Station and other projects taking shape in the city.
The building will consist of a five-story, 133-space parking garage with a 13-story residential building above it. The amenity deck will be on the sixth floor, rather than the rooftop, and will offer a swimming pool, a full-service gym and an event/meeting space.
Harr said there isn’t a finalized pricing structure for the units nor a timeline for the project.