A weekly roundup of local real estate deals.
Mirror Lake building is fully occupied
The Mirror Lake Office Building, referred to as The Mirror, is the newest spec office building built in Mirror Lake in over a decade, and it is now fully occupied.
The mixed-use, Class A building, located at 132 Mirror Lake Dr. N., opened in late 2020. The building features a modern angular glass facade and consists of 10 condo units along with offices.
Scott Clendening, broker and President of Commercial Partners Realty Inc., represented St. Petersburg design group Wannemacher Jensen Architects, the landlord, with the sale of the first floor and the lease of the second floor.
The first floor, with 4,439 square feet, was sold in a $2 million deal to Natural Smiles of Tampa Bay, a cosmetic dentistry business. Angela Grannan from The Grannan Group represented the buyer.
The second floor, with 6,830 square feet, was leased to TSP Institute Inc., which does business as Aveda Institute and operates as a salon.
Stephanni Morton of Echoes Real Estate Group represented the group.
Earth Fare will reopen Oldsmar store
Organic and natural grocery store Earth Fare will reopen its doors in Oldsmar April 6.
The 24,000 square-foot store in the Woodlands Square development at 3136 Tampa Road closed in 2020 when Earth Fare declared bankruptcy.
The Asheville, North Carolina-based grocer went under new ownership and began reopening stores in summer 2020.
Each Earth Fare has an organic coffee and juice bar, a pizza station, a large produce department, and meat, seafood and bakery departments. The Oldsmar location offers an indoor/outdoor café with free WiFi, and curbside pick-up.
A ribbon-cutting ceremony will take place for the grand reopening.
Earth Fare’s other Florida stores include locations in Seminole, Ocala, Orlando and Lady Lake.
Uptown property for sale
An entire block in the historical Uptown neighborhood is for sale with an asking price set at $11.5 million.
The block on 14th Street N. is 1.62 acres and is mostly comprised of residential between 7th and 5th Avenue N. The listed property also includes the Sunrise Center across from St. Vincent’s shelter, which is the only commercially zoned property and completes the entire block.
A source close to the deal said the Belleair Group LLC, the owner of the property, was initially planning to redevelop the block into townhomes.
Developer buys beachfront property to build vacation rentals
Two different entities linked to the same buyer, Casto Real Estate, have scooped up two Clearwater Beach properties for a combined $8.54 million.
The developer bought a vacant beachfront property at 12 Idlewild St. from Majestic Sand LLC for $5.24 million, and also bought the property at 692 Bay Esplanade from Sunset Cottages LLC for $3.3 million.
Public records show the developer is proposing to build townhouse-style vacation rentals called The Sands at the beachfront property, and has similar plans for the property at Bay Esplanade.
Under the Clearwater JV LLC entity, the developer took out a $2.687 million loan from Valley National Bank for the beachfront property. Casto also took out an additional $1.431 million mortgage from Valley National Bank for the Bay Esplanade site.
Jabil sells Gateway property for $32 million
Earlier this week, the St. Pete Catalyst broke the news that Jabil (NYSE: JBL) sold its 93-acre property to two different LLCs in separate transactions totaling $32 million.
It sold one part to Gateway Jabil Property Owners LLC in an $18 million deal, and another to GEP XI Gandy LLC in a $14 million deal. The LLCs are linked to Greystar Development.
Jabil previously eyed the site for a potential HQ, but it pursued a different site instead and went under contract for several months to sell the massive property to Greystar Development, a subsidiary of South Carolina-based Greystar Real Estate Partners.
Greystar plans to develop roughly 61 acres at the site for industrial uses, and nearly 18 acres would be used for multifamily units at the southern end of the property.
Old Northeast estate hits the market
A 1920s Old Northeast estate on two lots along Beach Drive is now up for sale.
The three-story home at 1650 Beach Dr. NE has an asking price of $3.75 million.
The 6,695-square-foot, five-bedroom estate is one block from the waterfront and Northshore Park and features a green courtyard leading up to white doors.
Inside, floor-to-ceiling windows greet guests, and rooms include the red dining area and blue living room, which features a fireplace.
The home offers a large eat-in kitchen on the first floor, four en-suite bedrooms on the second floor, and an additional bonus room on the third floor.
The property also has a pool, a two-bedroom guesthouse and a two-car garage.
The property last sold in 2016 for $1.795 million.
Alona Dishy with Remax Metro is representing the sellers.