Gulfport
REAL ESTATE
Lawsuit involving Art House condo in St. Petersburg could halt construction
The future of a 42-story condominium in downtown St. Petersburg could be in jeopardy due to a legal challenge from a neighbor who wants the developer to halt construction. An LLC tied to Tampa investment firm, Third Lake Partners, filed suit against developer Kolter Urban in Pinellas County Circuit Court on June 3. The LLC — referred to in the suit as “Priatek” — claims that construction of Kolter’s Art House condo tower has caused “substantial physical damage” to a commercial property it owns at 200 Central Ave.
Places This Week: A Snell Isle waterfront home
A weekly roundup of notable local real estate news. A 4-bedroom, 4.5 bath one-story home located at 127 Bay Point Drive NE, in the Snell Isle neighborhood of St. Petersburg, has hit the market with an asking price of $7.95 million. The 3,967 square-foot property was built in 1955 and sits on a 0.36-acre plot of land.
Former SPC property receives three housing proposals
In May, city officials purchased over five acres from St. Petersburg College (SPC) to provide approximately 105 new homeownership opportunities – with 30% reserved for students and faculty. They have since received three redevelopment proposals. SPC deemed the property that once housed the Gibbs Wellness Center surplus and listed...
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