The iconic Biff-Burger joint is acquired by a local investor. The Clearwater ICOT center, among other offices, is taken over by a single entity. The property across from Derby Lane where the greyhound races were held could be used for multi-family development. A home in Clearwater Beach sells for $ 10.5 million, making it the highest home sale in Pinellas County. The home of a former St. Pete mayor hits the market.
Here is this week’s roundup of local real estate offers:
Property across Derby Lane may be used for multi-family development
Two vacant commercial plots opposite the Derby Lane site have been purchased.
St. Tropez Investment Co. LLC has sold two lots at 10491 Gandy Blvd. N. in a $ 2.3 million agreement with MD Gandy LLC, which is related to Clearwater-based HC JV LLC, managed by Loci Capital Management Co. LLC.
The acquired lots are directly across from the Tortuga Point apartments and are described as an ideal location to build a multi-family development.
The area surrounding the Derby Lane track is one place the developers are keeping a close eye on.
Since the Derby Lane track closed in 2020, due to the passage of an amendment banning greyhound racing, local officials have said they could potentially see the Tampa Bay Rays build a new stadium on the site.
However, no effort has been reported to move the conversation forward on the Rays potentially occupying the stadium, and although greyhound racing has ended inside the stadium, the popular Derby Lane poker room remains open.
Biff-Burger and Buffy’s BBQ have a new owner
The nostalgic Biff-Burger and Buffy’s BBQ adjoining St. Pete are new owners.
Justin Basil, director of Tampa-based Rockwell Investments, purchased the two plots at 3939 49th St. N. in a $ 1.4 million deal.
He was interested in the property because of its frontage on 49th Street. Basil’s wife Lauren Basil operates the Mosh Posh consignment store in Tampa, which has closed due to the Covid-19 pandemic.
Basil told the St. Pete Catalyst that restaurant operations will continue.
The Biff-Burger restaurant in St. Pete first opened in the 1950s and has had several different owners over the years, but has remained mostly the same.
Biff-Burger. Photo by Bill DeYoung.Today, only two known locations of the former Punch-The burger chain still exists – one in Greensboro, NC, renamed Beef Burger, and the other in St. Pete.
This location also has many elements of the “classic” Punch-Architecture and characteristics of the burger, with an existing original road sign, as described by the company.
Next to Biff-Burger is Buffy’s Southern Pit BBQ, recognizable by the pink Chevrolet 57 on the roof.
California company takes over office complexes, including ICOT Center in Clearwater
A California-based management company has acquired several offices at the ICOT Center in Clearwater, a 262-acre business park on Ulmerton Road in Clearwater, as well as several others for a total of approximately $ 42.18 million.
The procuring entity is related to Birtcher Anderson Realty Management Inc., a property management services company that acquires and sells office, industrial and commercial buildings.
The largest purchases included: five packages within the ICOT Center for $ 8.22 million; the Turtle Creek Office complex in Clearwater for approximately $ 11.26 million; and three plots in the Starkey Business Center for about $ 18.1 million, according to Pinellas County public records.
Pasadena Mall Sells To Big Shopping Buyer
In New York acquired a shopping center anchored in the Walmart Neighborhood Market at 6818 Gulfport Blvd. in southern Pasadena.
It was sold from Branch South Pasadena Associates LLC to South Pasadena RG2 in a $ 32.65 million deal.
South Pasadena RG2 is linked to RPT Realty, which is the same company that recently purchased plots in and around the Walmart Neighborhood Market anchored plaza in the East Lake Woodlands neighborhood.
RPT has dozens of shopping centers across the country.
The mall consists of eight buildings totaling 166,188 square feet and has over 30 tenants, including Anytime Fitness and Ace Hardware.
Mandalay Point house sells for $ 10.5 million, making it the most expensive sale in the county
A house in Mandalay Point, a closed subdivision of Clearwater Beach, sold for $ 10.5 million, making it the most expensive sale in Pinellas County this year.
Beach Investment Holdings LLC, which is linked to a Florida-based law firm, sold ta waterfront home at 1150 Manadaly Point to Michael and Allyson Hyer.
The 3,338 square foot home, built in 1949, offers views of the bay that stretches to Caladesi Island.
It has four bedrooms and five bathrooms as well as a veranda and a swimming pool.
Tech exec sells its Tarpon Springs home located on a finger of land
Shereef Moawad, owner of Tarpon Springs-based ChatLead.com Inc., sold his Tarpon Springs home for approximately $ 2.43 million.
His business, which includes CarChat24, helps car dealers sell more vehicles by converting a higher percentage of their website visitors into quality leads.
The 5,521 square foot home located at 156 George Street S. sits on a piece of land that juts out onto Tarpon Lake and is surrounded by water on three sides.
The house has four bedrooms which each open onto the roof terrace.
Outside is a swimming pool, an infinity spa, an outdoor kitchen and a private dock with two slides.
A 2,600 square foot humidity controlled garage is also unique to the house.
The old house of St. Pete Mayor comes to the market
The home of St. Petersburg mayor Randolph Wedding is back on the market and awaiting sale.
The Snell Isle Estate at 990 31st Ave. NE, is a 5,878 square foot home built in 1968. The asking price is $ 2.5 million.
The house, whose design was inspired by Frank Lloyd Wright, has five bedrooms and four and a half bathrooms and overlooks a canal.
The home has floor to ceiling windows and sits on half an acre with lush landscaping, a pool, and an outdoor kitchen.
The listing agent is Emil Suileman of EXP Realty LLC.
Wedding, who died in 2012, was mayor from 1973 to 1975 and helped persuade the state to build highways 375 and 175 and connect them to the city center.
He was also known by his architectural firm, which designed the original Busch Gardens theme park.