A weekly roundup of local real estate deals.
St. Pete housing development site lists
A property in downtown St. Petersburg designated for a future apartment complex is now on the market.
Owners DDA Development and Backstreets Capital are selling the property at 6090 Central Ave. where they were in the process of developing the mixed-use Sixty90 apartment complex.
CBRE is advertising the site as an “opportunity” to follow the initial plans of building a four-story, 204-unit building with 40 units dedicated to affordable housing.
The previously approved plans for Sixty90 include amenities such as a workspace, a game room, a fitness center and a swimming pool, as well as 5,000 square feet of ground-floor retail and structured parking.
DDA Development and Backstreets Capital have invested over $350,000 in on-site sanitary work and completed all the architectural, civil, survey, geotechnical and environmental work, according to CBRE’s listing.
Local investor scoops up properties along Pinellas Trail
Investor Thomas Gaffney, a partner at The Anderson Group equity firm, has purchased two adjacent industrial properties in St. Petersburg.
Gaffney, through the Wilkes 4th Street Investment LLC, purchased a 12,462-square-foot building at 3200 Fairfield Ave. S. from Fairfield Depot LLC for roughly $4.1 million.
He also purchased a 23,760-square-foot warehouse at 695 31st St. S. for $1.5 million from Fairfield Office LLC.
Both properties are located along the Pinellas Trail.
New Snell Isle home sells for nearly $4 million
A newly-built home at 1298 Cordova Blvd. NE in the Snell Isle neighborhood has sold for roughly $3.979 million.
The 4,522-square-foot home features five bedrooms, five-and-a-half bathrooms and a backyard entertainment area with a pool, a covered porch and an outdoor kitchen.
The property last sold in 2020 for $720,000. There was a ranch-style home at the site, which was demolished.
Kevin Cottrill at the Keller Williams St. Pete Realty office represented the sellers and buyer.
St. Pete gym hits the market
The former 15,620-square-foot gym at 655 31st St. S. in the Warehouse Arts District is on the market.
The Body Electric Athletic Company, which opened the gym in 2020, unexpectedly closed the facility last year.
The property is listed for $4 million and includes a cafe/juice bar space, according to the brochure.
Longtime pizzeria building sells
CF Capital Properties LLC has sold the property at 19525 Gulf Blvd. in Indian Shores, home of the Original Pizza Italian restaurant.
The 2,680-square-foot building sold for $1.5 million to Washington, D.C.-based Wiseguy Pizza operator Nuri Erol, who also owns the now-closed Hofbräuhaus German restaurant in St. Petersburg.
The Original Pizza restaurant has operated at the site for over 25 years.
Erol said he plans to eventually advertise the building for lease.