fbpx
Connect with us

Know

Top Pinellas County real estate deals of 2022

Veronica Brezina

Published

on

The Sirata Beach Resort. Facebook image.

From beachfront resorts to apartment complexes, these are the largest land deals to occur this year in Pinellas County. 

The information was collected through Pinellas County public records. Please note, additional significant deals may close through the end of the calendar year. 

The Top 10: 

Sirata Beach Resort. Facebook image.

1. The $207 million sale of the Sirata Beach Resort: The 13-acre Sirata Beach Resort on St. Pete Beach at 5390 Gulf Blvd. sold to an entity connected to the privately-owned, Kentucky-based hotel company Columbia Sussex Corporation. 

The Wyndham Grand Clearwater Beach resort. Image: GoogleMaps

2. The $141 million sale of the Wyndham Grand Clearwater Beach resort: The resort, which was owned by Tampa serial entrepreneur and philanthropist Dr. Kiran Patel and is the largest development on Clearwater Beach, sold to JEMB Pocono LLC, which is tied to Broadway, New York-based JEMB Realty. It was reported as a $170 million sale as it included the loan amount. 

The Addison Skyway Marina. Facebook rendering.

3. The $123.2 million sale of the Addison Skyway Marina apartment complex: The complex is one of the most significant developments to take shape in the Skyway Marina District. The 308-unit apartment complex sold to the TMP Skyway Marina Project LLC entity. The LLC is connected to Denver, Colorado-based Treeline Partners, according to public records. Treeline Partners is a privately held real asset investment management firm.

The Regal Cinemas 16 theater in the plaza. GoogleMaps.

4. The $85 million sale of The Shoppes at Park Plaza: Belleair Development Group, which owns multiple local plazas and shopping centers, acquired the 352,670-square-foot plaza at 7200 US Highway 19 N. in Pinellas Park. The center is anchored by Target and the Regal Park Place movie theater; the purchase did not include Target or the Chili’s restaurant.

The Dolphin Beach Resort on St. Pete Beach as seen from Gulf Boulevard. GoogleEarth.

5. The $84.2 million sale of the Dolphin Beach ResortThe historic resort in St. Pete Beach was purchased by Tampa Bay Buccaneers co-owner and co-chairman Bryan Glazer through the SCG Beach Hospitality LLC. 

The Postcard Inn in St. Pete Beach. Facebook Image.

6. The $83 million sale of the Postcard Inn: The nostalgic Postcard Inn resort on St. Pete Beach at 6300 Gulf Blvd. was acquired through a joint venture between The LCP Group L.P. and Safana, both based in New York. 

The apartment complex at 530 Fairwood Ave. in Clearwater. Image: GoogleMaps

7. The $80.2 million sale of Clearwater apartments: The 372-unit Clearwater apartment complex at 530 Fairwood Ave. sold to the Boca Raton-based Genesis Apartments LLC. It’s been rebranded as the Genesis Apartments. 

Bay Cove Apartments. GoogleEarth.

8. The $75.5 million sale of the Bay Cove Apartments: The complex at 19135 U.S. Highway 19 N. sold to New York-based CLPF Bay Cove LLC. 

The Sands at Clearwater Apartments. GoogleMaps.

9. The $66.9 million sale of The Sands at Clearwater apartment complex: The complex at 2168 Druid Road sold to Starwood Capital, a Miami-based investment firm. 

DoubleTree Beach Resort by Hilton Hotel Tampa Bay – North Redington Beach. Facebook image.

10. The $65.92 million sale of the DoubleTree Beach Resort by Hilton Hotel Tampa Bay – North Redington Beach: The seven-story resort at 17120 Gulf Blvd. sold to South Carolina-based OTO Development, which is part of The Johnson Group. 

Other noteworthy deals of the year: 

  • The roughly $64 million sale of the Alta Belleair Apartments: The complex at 1632 Clearwater-Largo Road sold to White Oak Partners.
  • The $38 million sale of Hotel Zamora: The 67,262-square-foot hotel at 3701 Gulf Blvd. sold to George Sherman of Minneapolis-based development and property management firm Sherman Associates. 
  • The $32 million sale of Jabil Inc.’s property: Jabil (NYSE: JBL) sold its 93-acre property to two different LLCs in separate transactions. 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. 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. 
  • The $40 million sale of the Ceridian campus: Coral Gables-based real estate firm Altis Cardinal purchased the 34-acre office park in St. Petersburg’s Skyway Marina District in an all-cash deal. The deal for the Ceridian Office Park at 3201 34th St. South represents the city’s largest land purchase in decades (based on acreage), according to Altis Cardinal. The firm has bold visions of transforming the site into a $500 million mixed-use development and delivering over 1,500 residential units. 
  • The $29.5 million sale of Catalina’s headquarters: Real estate firm Webull Management LLC, which has an office in the co-working hub Thrive in St. Petersburg, purchased the 157,755-square-foot building at 200 Carillon Parkway. 
  • The $27.5 million sale of the Sundial: Safety Harbor-based Paradise Ventures purchased the shopping center at 153 2nd Ave. N. from business mogul Bill Edwards. 
  • Third Lake Partners buys UPC’s headquarters and other properties: Local real estate group Third Lake Partners has purchased United Property and Casualty insurance (UPC)’s headquarters at 800 2nd Ave. N. as well as additional properties. In total, they have acquired all of the parcels for $17 million. 
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

By posting a comment, I have read, understand and agree to the Posting Guidelines.

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us: spark@stpetecatalyst.com

Subscribe for Free

Share with friend

Enter the details of the person you want to share this article with.