St. Pete condo developer closes on site for $4.95 million
The developer of the Reflection Condominiums has purchased property from BridgePoint Church.
Author Archive for: DomresRealEstate
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Waterfront home in St. Pete listed for sale at $6.75M
A waterfront estate on Bayshore Boulevard in St. Petersburg is listed for sale at $6.75 million. The nearly 6,500-square-foot home is in the Shore Acres enclave and has panoramic bay views. Located at 3119 Bayshore Blvd. NE, the house comes with 159 feet of water frontage and deepwater access. Built in 2015 by Jimmy Brattain of DesignWorks, the home has seven bedrooms and seven and a half baths. The current owners, Gagandeep and Mona Mangat, bought the property where the house sits in 2008 for…
Moody’s analyst: Why office-to-apartment conversions usually don’t pencil out
One of the biggest topics among city economic development officials is whether conversions of office buildings can solve two issues most U.S. cities are facing: the potential for adoption of hybrid or remote work to leave some office buildings empty, and a lack of housing inventory.
Exclusive: Bucs co-owner Darcie Glazer Kassewitz’s Avila home has sold
The home went on the market in September 2021.
The Covid-19-fueled vacation home buying spree is fading fast
Rising mortgage interest rates are putting a damper on the second-home surge. Here's what may lie ahead.
23-story residential tower proposed near Tropicana Field
The developers say their design will pay homage to the neighboring Warehouse Arts District.
Mirror Lake condo tower in St. Pete lands $73 million construction loan
Hemmer Group, the developer of Reflection Condominiums on downtown St. Petersburg’s Mirror Lake, has taken out a $73.375 million loan for the project. ACRES Capital Corp. said it originated the loan to Mirror Lake Place LLC — which is linked to Hemmer in state records — to “fund the development of Reflection Condominiums.” The development will feature 88 condos in 18 stories and will also have 2,763 square feet of retail space available for rent, 27,691 square feet of common area as…
Single-family investors’ share of US home purchases slowed in Q4
At least one tracker of activity in the U.S. housing market found home purchases by investors in the final quarter of 2021 slowed somewhat.
Get to know PulteGroup, a 2022 Best Places to Work honoree
PulteGroup, based in Atlanta, is one of America’s largest and oldest homebuilding companies with operations in more than 40 markets throughout the country.
Study: St. Pete has the smallest bang for the buck in apartment rentals
A new study from RentCafe shows many of the cities in Tampa Bay fall behind the state average of square footage rentable for $1,700 a month.