Bankrupt Developments

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 […]

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VENTANA CHANNELSIDE CONDO AUCTION! TAMPA, FL

CHANNELSIDE CONDO AUCTION! VENTANA-TAMPA, FL 33 Luxury Channelside Condos For Sale• Minimum bids from $145K   Pricing Example:  A 1 bedroom 2 bath condo, 1,143 square-foot condo at Ventana has a minimum bid of $145,000.   It’s last asking price: $473,100. Total units in building 84.  There are only 33 remaining.   Maintenance fees are calculated at .33 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Westshore Yacht Club Update-Homes for Sale

If you are looking for a great deal this is the time to invest. Here’s a list of homes for sale at the Westshore Yacht Club In August 2008, a U.S. bankruptcy judge approved a relief package for WCI Communities that’s designed to assure home buyers would not be impacted for future purchasers at the Westshore Yacht Club […]

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New Owners of The Place at Channelside decide to rent building

It’s official!  The new owners of The Place at Channelside have decided to turn the condo development into rentals. What does this mean for people who purchased the condos and are either living there or trying to sell them?  It doesn’t look good, that’s for sure.  You can’t help but feel sorry for those who […]

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The Place at Channelside Auction Winner Announced-Tampa, Florida

The new ownership of The Place at Channelside Development has been disclosed.  After reading the article the only disagreement I have is that they said there is no market for condos right now.  When I posted the last article about the Place going to Auction we received an overwhelming response from people who were wanting […]

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The Place at Channelside Auction sells for 21.9M

Tampa Bay Business Journal  by Michael Hinman Staff writer Breaking News on the outcome of the Auction at the Place in Channelside-Tampa, Fl The identity of the group in line to buy The Place at Channelside has yet to be revealed, but the purchase price is now public.   The 243-unit complex on Channelside Drive […]

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The Place at Channelside in Tampa goes to auction

When we first posted this story the auction had not taken place. Click link below for updated sales price for The Place at Channelside The Place at Channelside Auction sells for 21.9M August 20, 2008 Bargain basement: 171 Tampa Channelside condos face bankruptcy auction A bankruptcy judge has ordered the auction of the remaining vacant condos […]

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Channel District Condo Developer To Turn Units Over To Bank

It’s been a long road for those who have purchased condos in Channelside. Since we have been posting articles relating to downtown Tampa; I thought everyone would want to hear what’s happening in the Channelside District. The first development to file for Chapter 11 bankruptcy protection was the Towers of Channelside. They are still selling […]

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