Exclusive: $6 million speculative mansion breaks ground on Davis Islands (Video)

By Ashley Gurbal Kritzer

A low-slung brick home on Davis Islands with a panoramic waterfront view will be demolished to make way for a speculative mansion priced at up to $6 million.

The same development team that has pulled off three other speculative mansions on Davis Islands — two of which have sold for more than $3 million— is pursuing this development, at 556 Riviera Drive, on a lot that’s 157 feet deep and 100 feet wide. The group, led by Vincent Cassidy, paid $2.4 million for the home and has taken out a $3.17…

Source:: BizJournal Real Estate