Author Archive for: DomresRealEstate

DevMar Development has sold The Metro, a newly built 100-unit residential project in St. Petersburg’s Edge district, for $28.2 million. Mark DeMaria, CEO of St. Pete-based DevMar, confirmed to the Tampa Bay Business Journal that the seven-story building was sold to a private investment firm, which has offices throughout the U.S. and London, Luxembourg. Jad Richa, managing director of Capstone Apartment Partners Florida, was the broker for the transaction. According to Richa, the sale price was…

While home prices are decreasing, Miami and Tampa Bay are still among the top in the nation.

The New York developer came to town on Saturday and hinted that availability — both for residences and office space — is quickly running out.

Palm Lake Christian Church has plans to transform the vacant portion of its property on 22nd Avenue N into a residential development. The church at 5401 22nd Ave. N filed a site plan with the city of St. Petersburg that shows plans for a three-story building on the northeast side of the property designed as housing for those living with disabling conditions. It will have a total of 72 beds. The church also wants to build 14 one-story casitas — or garden cottages — on the property’s northwest…

A penthouse on the 41st floor of ONE St. Petersburg has sold for $6.5 million. The seller was a corporate entity linked to Tampa-based Third Lake Partners. The deal closed on Jan. 17, according to Pinellas County property records. ONE St. Petersburg, at 100 First Ave N. in the heart of downtown, has 253 units. The sales price breaks down to $1,625 per square foot, which is near the very top of the market for luxury condos in Tampa Bay. The approximately 4,000-square-foot condo was designed by…