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Places This Week: St. Pete apartments sell; Gateway construction

Veronica Brezina

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200 Brightwaters Blvd. NE, St. Petersburg. Photos of the estate were provided by Coldwell Banker Realty and photographer Christopher Della Penna with HD Homes.

A weekly roundup of local real estate deals.

 

St. Pete estate lists for nearly $9 million

A custom-built and LEED-certified home in the exclusive Snell Isle neighborhood is listed for sale with an asking price of $8.99 million. 

200 Brightwaters Blvd. NE, St. Petersburg. 

The 3,786-square-foot estate at 200 Brightwaters Blvd. NE has five bedrooms and three-and-a-half baths.  

The builder is the current homeowner, Tom Strickland, who owns Suncoast Team Services. He and his wife, Bonnie, designed and built the home. 

200 Brightwaters Blvd. NE, St. Petersburg.  

The two-story home, built in 2010, has a wood-burning limestone fireplace, structural joist beams throughout and a kitchen outfitted with a SubZero refrigerator and double island. 

It features a large outdoor entertainment area with a resort-style saltwater pool and spa, an outdoor kitchen, and a newer dock with two boat slips. 

200 Brightwaters Blvd. NE, St. Petersburg.  

Jessica Steck with Coldwell Banker Realty is the listing agent. 

The 0.42-acre waterfront lot last sold in 2005, for 1.3 million. 

 

Elysium Apartments in downtown St. Pete sell

Skytian Capital, which has multiple properties in Tampa Bay, has purchased the Elysium Apartments in downtown St Pete. To date, this represents Skytian Capital’s seventh bay area acquisition since February 2021. 

The Elysium Apartments. Image: Skytian Capital.

Skytian Capital is the same firm behind Satsoshi Hideout, an apartment complex-turned-crypto-themed hotel in St. Pete. 

Skytian Capital purchased the complex for $2.2 million and took out a $1.9 million mortgage loan from Edgewood V Funding LLC. 

Elysium sits on three coveted DC-2 lots totaling nearly 16,000 square feet of land. There are two existing buildings with 12 units.

“Our immediate plan is to rehab the existing units within three months and convert the property to our BFFL model – Branded Furnished Flexible Leasing – similar to Satoshi Hideout,” Skytian Capital wrote in a release. 

The group said Colliers, engaged by the lender, appraised the property “as-is” at 54.5% higher than the purchase price. 

The transaction also represents the first complex secured and co-led by Skytian Capital investor San Eng’s 19-year-old daughter, Oia. 

The profits generated from Elysium will go toward paying for Oia’s first year of college tuition. 

 

Buyer scoops up St. Pete apartments for $24.85 million

The Fountain Court and Lakeside Apartments at 600 40th St. N. have sold for nearly $25 million.

Joseph Thavis, vice president at CBRE Capital Markets, announced last week the complexes were sold, but did not disclose the closing price at the time. 

The Fountain Court and Lakeside Apartments. Facebook image.

The published records show Fountain Court sold for $12.922 million and Lakeside Apartments sold for $11.928 million.

The LLC buyer entity is connected to Robert Yeh, a principal at Westland Associates based in Washington. 

 

Gateway Logistics Center construction 

Julia Silva, managing director at JLL Tampa Bay, posted a video showing the pouring of panels of what will become the new Gateway Logistics Center. 

JLL was selected by Greystar to handle leasing for its planned Gateway Logistics Center at Interstate 75 and Gandy Boulevard.

A rendering of the Gateway Logistics Center that Greystar is developing. Image: JLL. 

South Carolina-based developer Greystar purchased the 93-acre property from Jabil Inc. in a $32 million deal.

At the center, there will be three buildings that will total 280,000 square feet.

  • Building G: 65,408 square feet
  • Building H: 146,539 square feet
  • Building A: 78,520 square feet 

The initial space in the first phase will become available in early 2023.

 

Raymond James inches closer to Pasco campus plans 

It’s been a decade in the making, but St. Petersburg-based Raymond James Financial’s plans of opening a campus in Pasco County is moving closer to reality. The group has updated a stormwater permit filed in the Southwest Florida Water Management District, which is needed to proceed with the project.

“This was a land development permit from a year ago that is getting ready to close,” said a Raymond James representative who did not wish to be named.

In 2019, Raymond James Financial filed preliminary plans for its new campus in the Wiregrass Ranch area of Wesley Chapel. The Raymond James property is on State Route 56 east of the Shops at Wiregrass.

Raymond James closed on the site in 2016.

The company is working with Tampa-based construction firm Ardurra Group Inc. 

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