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Places This Week: Reef and Reel, Roots to Crown buildings sell

Veronica Brezina

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The Reef and Reel building at 3350 Tyrone Blvd. N., St. Petersburg. Mural was created by the Vitale Bros. Facebook image.

A weekly roundup of local real estate deals. 

 

Reef and Reel building sells as owners relocate business

The owners of the Reef and Reel fishing and tackle shop in the Tyrone area have sold their building. 

The 5,654-square-foot building at 3350 Tyrone Blvd N. sold in a $1.75 million deal. 

The business will be relocating to 7490 30th Ave N.  

The Reef and Reel building. GoogleMaps.

Bridgewater Commercial brokers Kris Dumke and Dee Maret represented the sellers. The space will be converted into an Arthur Murray Dance Academy, Dumke said. 

The sellers purchased the property in late 2020 for $875,000. The building was listed in February with a $1.9 million asking price. 

“Buyers are looking for owner-user properties that can be delivered vacant at closing,” Dumke said. Retailers with local distribution inquired about the property before it went under contract several months ago. 

 

Dunedin restaurant building sells 

Dunedin Investments has sold the 3,100-square-foot restaurant building at 923 Broadway that formerly housed the Rusty Lyon. 

Senior Ritas Tequilera LLC, an entity connected to the owners of the Thirsty Marlin and the Salty Lime Cantina restaurant in Palm Harbor, purchased the building in a $1.425 million deal. 

The building at 923 Broadway, Dunedin. GoogleMaps.

The structure, built in 1955, features a rooftop bar. 

The buyer assumed a $1.95 million mortgage from the seller. 

 

Roots to Crown building sells 

The building at 1741 1st Ave. N. in St. Petersburg, which houses Roots to Crown’s event space, has sold. 

Bula Holdings sold the building in a $1.25 million deal to an entity connected to individual John Tuncer.  

Roots to Crown. Facebook image.

The 2,100-square-foot building, constructed in 1987, has a 1,600-square-foot enclosed patio, which functions as a bar space, serving teas and mocktails in an alcohol-free environment. 

The Roots to Crown building that has multiple murals throughout the property created by different local artists. GoogleMaps.

Roots to Crown hosts dance, meditation and yoga classes and events. 

Roots to Crown founder Tanner Roan said the business will continue to operate at the location. 

 

New Shore Acres estate sells 

Local contractor Scott W. Hines has sold a newly built Shore Acres estate in a $4.1 million deal. 

3830 Shore Acres Blvd. NE, St. Petersburg. Realtor.com.

The 5,200-square-foot waterfront estate was constructed this year at 3830 Shore Acres Blvd. NE. 

The six-bedroom home has European-style cabinetry in the kitchen, which also features a wet bar and wine cooler. 

The property has a pool with a spa, a fire pit, two outdoor kitchens with gas grills, and a dock with a boat lift. 

The backyard and pool. Realtor.com.

The 0.29-acre property last sold in 2021 for $905,000. 

Kevin Cottrill with Keller Williams St. Pete Realty represented the seller. Liane Jamason with Corcoran Dwellings represented the buyers.  

 

Driftwood on Central tops off 

Driftwood on Central, a mixed-use development in the Kenwood neighborhood in St. Pete’s Grand Central District, has reached a new construction milestone. 

Developer St. Pete Development Company has topped off the second phase of the 11-unit complex that’s underway at 2875 Central Ave.

Rendering of Driftwood on Central. Image provided by Brian Levy.

Six townhome units were completed in 2022. The new five units for Phase 2 will also have hurricane impact-resistant windows, quartz countertops, walk-in closets and upgraded finishes, according to the developer. 

The Phase 2 units will also feature ground floor commercial/storefront space, with three stories on top for residences. 

Two townhomes are currently under contract, priced at $1.2 million and $895,000 respectively. 

With the roof now in place, the new building is expected to be completed this fall. 

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