Guest column: Tampa Bay businesspeople should act on the affordable housing crisis
The skyrocketing cost of housing is a full-blown crisis in the Tampa Bay area. As businesspeople, it’s our responsibility to do something about it, the author writes.
Author Archive for: DomresRealEstate
Entries by DomresRealEstate
35-story condo tower in downtown St. Pete tops out
It will be one of the tallest residential towers in St. Petersburg.
Report: US mortgage lending activity drops at fastest rate in 8 years amid rising interest rates
U.S. mortgage lending activity continued its descent in the first quarter of 2022.
Exclusive: Developer lands $19M loan for Madeira Beach condos
The Residences at Town Center is the next phase of Bill Karns' plan to invest in Madeira Beach.
Bayshore synagogue to sell a portion of its property to Related Group for high-end residential development
Congregation Rodeph Sholom is staying put on Bayshore Boulevard, and the deal guarantees that the synagogue will have a visible presence in South Tampa for decades to come, the synagogue president said.
Developer closes on property for 15-story apartment tower near Tropicana Field
An Indiana developer has closed on the Tuxedo Court property near Tropicana Field, where it plans to build a 15-story mixed-use tower. A corporate entity linked to White Peterman Properties closed on the property on June 3 for $8.75 million, according to a deed filed in Pinellas County. Records show the entity also secured an approximately $6.46 million loan from Centier Bank. The tower, which will rise on the 1.15-acre lot at 720 Charles Court S, will include 260 residential units and 2,700 square…
Former Lykes home on Bayshore is listed for sale at $6.9 million
A home built by Tampa's Lykes family is on the market after an extensive renovation by a local developer. The home at 4707 Bayshore Blvd. is listed for sale at $6.995 million by The Hughes Shelton Group with Compass. Steven Anthony Luxury Homes paid $3.75 million for the home in July 2021. The renovations were designed by Enrique Crespo. “We are thrilled to bring this iconic estate to market,” Jeff Shelton, principal agent, said in a statement. “The developer and design team did an amazing job…
Report: Tampa Bay housing market shows signs of cooling down
Last month may go down as a turning point in the red hot housing market since the coronavirus pandemic's start. A new report from real estate listings website Realtor.com found that the number of new listings to hit the market last month rose for the first time since June 2019 nationwide. As a result, May home shoppers had 8% more active listings to scroll through than they did last year. In Tampa Bay, new listings increased by 11.2% year-over-year with a median price of $437,000, a 30% increase…
Townhouses proposed near upcoming condo development in Clearwater
The targeted site is on a small inlet near Edgewater Drive Park in Clearwater.
Exclusive: Waterfront South Tampa mansion sells for $9.89 million (Photos)
A waterfront South Tampa home that was built speculatively two years ago has sold again — at a 53 percent increase over its 2020 sales price. The home at 38 Sandpiper Road in Beach Park sold for $9.89 million to an undisclosed buyer in an off-market transaction. A deed for the sale has not yet been filed. Jennifer Zales of Coldwell Banker Residential Real Estate represented the buyer; Greg Margliano of Compass represented the seller. Zales represented builder Tulia Homes by Legion Construction…