New enclave of million-dollar homes in the works for Avila Golf & Country Club
A small development of new luxury homes is under development in Avila Golf and Country Club. Alvarez New Concepts, the sole builder in the community, is planning to build 12 new homes on lots with golf course frontage, starting at $1.3 million and averaging 3,500 square feet of living space. The community will feature Spanish […]
Newly built St. Petersburg apartments sell for $54 million
Hines Co. has sold off Azure, a 308-unit apartment complex in St. Petersburg’s Gateway area, for $54 million. Passco Companies LLC, based in Irvine, Calif., said Friday it had acquired the property, which wrapped up construction in 2014, for $175,324 per apartment. It is 94 percent occupied, according to Passco. The complex broke ground in […]
EWI Construction founder: ‘Things are moving along at a faster pace’
Hotels, apartments, restaurants: Tampa-based EWI Construction is seeing a surge of activity across all sectors of commercial real estate. The company is about to begin construction on a 48-unit apartment project in Ballast Point and is working on plans for hotels in downtown Tampa and Ybor City, EWI Founder Casey Ellison told Tampa Bay Business […]
Husband-and-wife custom homebuilders auctioning off personal estate in Winter Haven with no reserve
An 11,000-square-foot estate on the auction block in Winter Haven has an in-house movie theater, music room and massage room — but if that’s not enough to keep a potential buyer entertained, the home is a five-minute drive from Legoland Florida. The husband-and-wife team behind Built By Waters, a custom homebuilding company, will auction off […]
Florida’s economy ranks No. 7 in the U.S.
Great weather that attracts hordes of tourists, growth in non-farm payrolls, a recovering housing market and a $15 billion state government surplus all played a role in Florida being ranked as the seventh-best economy among the 50 states. The rankings were compiled by Business Insider, which ranked the states’ economies on six measures: recent change […]
$70M apartments to break ground in downtown St. Petersburg
St. Petersburg’s next high-end apartment development is imminent. Coral Gables-based Allen Morris Co. will break ground on the Hermitage, a 348-unit apartment building at 750 First Ave., on Wednesday. The Hermitage will include studio, one- and two-bedroom units. The building will stand eight stories and feature a rooftop pool. The $70 million project is backed […]