Author Archive for: DomresRealEstate

The developers of the 53-story Riverwalk Place in downtown Tampa have released new renderings on the cusp of a sales push that will begin in October. The tower, which is proposed at the intersection of Ashley Drive and Brorein Street along the Tampa Riverwalk, includes 205 condominium units beginning on the 22nd floor. Prices range from the $600,000s to $2 million. The units are stacked on top of office space, and the tower also includes space for restaurants and retail that open on to the Tampa…

Bad news for Tampa Bay homebuyers — a new study from WalletHub says this area is not a great place to buy a home. The study ranked 300 cities across the United States and placed Clearwater at No. 227, St. Petersburg at No. 221 and Tampa at No. 143 on the list. Each city was compared across 22 indicators of housing market attractiveness and economic strength. The scoring was based on topics ranging from median home price appreciation to home sales turnover rate to job growth. In the category…

As Tropical Storm Gordon strengthens in the Gulf of Mexico, the Tampa Bay company that controls most of the market for impact-resistant windows and doors in Florida is in the spotlight. PGT Innovations (NYSE: PGTI), a manufacturer headquartered in North Venice, has seen strong sales since Hurricane Irma one year ago, but sales were growing even before the storm hit, the Wall Street Journal’s Heard on the Street Column reported Sept. 3. While PGT, like the rest of the Florida building industry,…

A developer is planning to build a small condominium project in downtown St. Petersburg, near the city's burgeoning Innovation District. Named for its address, 357 on Fifth will include 13 units that range from 1,031 square feet to penthouses that are more than 2,460 square feet. Pricing will range from the upper $500,000s to $1.35 million. The development team, which includes Dr. Julie Kessel, paid $850,000 for the site in March, according to Pinellas County property records. The property is…

US home construction rebounded by less than expected last month data on Thursday showed, prompting one economist to says housing is “the sole weak spot in the economy”.