Investor looking for Bulk Purchases in The Tampa Bay Area-Do you know of anyone looking to sell?

Hello Everyone: Do you know of anyone looking to sell Tampa Real Estate in Bulk?  I received a call from an investor today and here is the criteria. Bankrupt developments, distressed situations, etc.. in the Tampa Bay area, including the Beaches, Clearwater, St. Pete etc..  Buyer has cash and can close quickly  The criteria is as follows: 10+ units min Townhome, Single Family Home tracks, Multi Family Condos (depending on size of complex, occupancy and financing situation for end user) Needs to be a wholesale deal to flip Up to 325K per unit. New Construction, never lived in. Please let me know if you have any opportunities that I can pass on to my client.  Even better, share with your Facebook friends and ReTweet if you can!  Thanks so much!   Rae Catanese, PA Prudential Tropical Realty Email me   Cell:...
VENTANA CHANNELSIDE CONDOS FOR SALE | TAMPA, FL

VENTANA CHANNELSIDE CONDOS FOR SALE | TAMPA, FL

CHANNELSIDE CONDO DEVELOPMENT VENTANA-TAMPA, FL Total units in building 84   Maintenance fees are calculated at .33 per sq ft. Includes: water, trash, basic cable, concierge, wireless internet throughout entire community, pool, fitness center and 2 parking spaces per condo! $275,000 : 1238 E KENNEDY BLVD 802, TAMPA 2 beds, 2 full baths Home size: 1,590 sq ft $260,000 : 1238 E KENNEDY BLVD 504, TAMPA 2 beds, 2 full baths Home size: 1,387 sq ft Lot size: 174 sqft See all Real Estate and Homes for Sale in Ventana community. (all data current as of 8/29/2015) Listing information deemed reliable but not guaranteed. Read full disclaimer. From Ventana Condos Channelside Tampa   CLICK HERE TO SEE PHOTO SLIDE SHOW With an intimate collection of unique residences, Ventana is a window to a world all your own. Expansive picture windows illuminate each  residence with natural light and are the focal point of open floor plans that spill out onto large terraces and balconies overlooking downtown, Channelside and the waterfront.   Designed by renowned architect Walton H. Chancey, AIA, and the Chancy Design partnership, these uniquely gracious and sophisticated residences include concierge services, and exceptional features and finishes not found in most urban residential offerings. More refined than lofts. More intimate than towers. This is Channelside’s most livable take on downtown living.  All condos have granite counter tops, hardwood flooring in living room and dining rooms, tile in bathrooms, carpet in bedrooms, Kitchen Aid stainless steel appliances 33 Available units ranging in size: 1 b/2b                                   1,143 sq ft 2b/2b                                   1,381 sf – 1,521 sq ft 2b+den, 2 bath                 1,753 sq ft – 1,797 sq ft 3b/3b                                   2,541 sf   This is the...
More Bankrupt Developments Liquidated-Clearwater/St. Pete, Fl

More Bankrupt Developments Liquidated-Clearwater/St. Pete, Fl

It will be interesting to see what these condos will sell for, or if they will turn into rentals.  In the Tampa Bay Real Estate Boom the  Opus South Condo Tower  Developments orginally listed at an average sale price of 700K.  The two developments have been purchased for an average sale price of 137,00 per condo.   Wednesday, October 14, 2009, 2:46pm EDT Opus South condo developments to change hands  Waters Edge Clearwater Condo Tampa Bay Business Journal – by Janet Leiser and Michael Hinman The winning bidder on unsold condominiums in two high-end Pinellas residential towers — Water’s Edge in downtown Clearwater and 400 Beach Drive in downtown St. Petersburg — is the lender, Wachovia Corp. The bank, now part of Wells Fargo & Co., agreed to pay $30.6 million for the condos, plus undeveloped land adjacent to the $100 million Water’s Edge, in a deal expected to be complete by Oct. 16. Wachovia, which holds an $82 million mortgage on the properties, was the highest bidder at an Oct. 1 auction in the District of Delaware, where developer Opus South Florida is liquidating through the bankruptcy court. U.S. Bankruptcy Judge Mary F. Walmath approved the sales at an Oct. 7 hearing. Three limited liability companies that have the same Charlotte, N.C., address as Wachovia Bank won the bids. Water’s Edge Clearwater LLC agreed to pay $20 million for Water’s Edge where only 10 of the 156 units have previously sold, records show. The bank paid about $137,000 per unit. The tower also has commercial space on the ground floor. In addition, Redus Clearwater Bluff LLC will pay $1.6...
Towers of Channelside Condos for Sale and Bankruptcy update-Tampa, FL

Towers of Channelside Condos for Sale and Bankruptcy update-Tampa, FL

Towers of Channelside Bankruptcy update-Tampa, Fl Towers of Channelside  The Towers of Channelside has been in receivership for the past couple months.  Receivership is a form of bankruptcy in which a company can avoid liquidation by reorganizing with the help of a court-appointed trustee. During that time they have taken most of the condos off the market in order to re-structure pricing.  They are negotiating with the 5 banks that were investors in this luxury high rise; trying to determine what price they will sell the remainder of the units for. There are several units for sale listed as resales, short sales and by the developer, but they represent only a very small fraction of the total inventory. If you would like to be notified when new pricing becomes available (which I hear is going to be very aggressive) please send me an email: realtyrae@yahoo.com  with the subject Towers of Channelside.  You may also reach me on my cell phone @ 813 784 7744 for current availability...
Towers of Channelside Bankruptcy Update-Tampa, Fl

Towers of Channelside Bankruptcy Update-Tampa, Fl

TAMPA — Nearly half of the 257 condos at the Towers of Channelside have sold, including one in February to Tampa Bay Rays third baseman Evan Longoria, but those sales still aren’t enough.  The developer of the twin 29-story towers has notified its lender it’s giving up on the project 15 months after it sought bankruptcy court protection and six months after it declared its reorganization a success. “Unfortunately it’s the economy. It’s bigger than us. It’s bigger than any one person,” said Richard Sacchi, a principal of Towers of Channelside LLC. If you are looking to purchase a condo or have questions about developments in the Channelside and Downtown Tampa Districts give us a call 813 784 7744 or email:...

Developer paid 125m for 160 acres of land in South Tampa, now in foreclosure

It doesn’t seem like four years ago that we all heard about the old Georgetown Apartments being purchased for a new waterfront community in South Tampa off of Westshore Blvd.  Fast forward to 2009 and the apartments are still there and the property is in foreclosure.  I remember taking clients out showing property and saying “can you believe someone bought that site for 125m”?  At the time, there were plenty of stories just like that, with speculators lined up to purchase some of the last waterfront properties in Tampa.  NewPort Tampa Bay was another project not too far from the Georgetown Apartments that you may also remember. This was the headline in an article published January 7, 2006  TAMPA – Another boating community is coming to South Tampa. Developers plan to replace the 624-unit Georgetown Apartments with 1,249 homes, including 90 canalfront houses with boat docks and 99 community boat slips, according to documents filed with the city.  The name was The WESTSHORE BEACH CLUB! Now that property is being foreclosed on and the City of Tampa has an opportunity to purchase it…. TAMPA — Conservationists want to take advantage of tanking real estate values to buy prime waterfront property in South Tampa. Tampa Mayor Pam Iorio asked the nonprofit Trust for Public Land to put together a proposal to purchase the old Georgetown Apartments property on West Shore Boulevard after learning the 160-acre property was in foreclosure. “We have this opportunity because of the economy. It will not come around again,” Iorio said. “And here’s something that’s right in the urban core that could be a beautiful environmental site...