Rae Catanese

Prudential Tropical Realty

Cell: (813) 784-7744

Email Me

From the category archives:

High Rise Condo Developments

 

 Towers of Channelside Update- Many of you have been patiently waiting for the new pricing and release of condos in The Towers of Channelside.  

Now that the bank has taken over, your opportunity to buy at amazingly low pricing is here. 

FOR A LIMITED TIME ONLY:

Bank Released New Pricing

 

 

 

Price Ranges are as follows:

1 bedrooms 1.5 bath                      160K- 213K                     1,136 sf

1 bedroom-1.5 bath w/Den          223K                                1,281 sft 

2 bedrooms 2.5 bath                      199K-304K                     1,363 sf

2 bedroom-2.5 bath                       199k-  356K                    1,571 sft

 3 bedrooms 3 bath                        249K-395K                     1,778 sf

3 bedrooms 3 bath                         340k-364-K                    1,973 sf

3 bedrooms 3 bath    w/den        360k-364k                      2,166 sf

 Jr Penthouses starting at           500K                                2,696 sf

Grand Penthouse                           Call for pricing           4,849 sf

 

Maintenance fees are approximately .46 cents per sq ft and include:

 Chilled Water Unit which replaces majority of A/C cost in your unit; management of Association, Concierges, 24 Security Officers; Pool & Landscaping & all exterior building maintenance; Waste Removal & Water/Sewer. Brighthouse agreement: High Speed Internet, Standard Cable TV; Voice Over Internet Protocol-Unlimited local and long distance telephone calling within US

 Rising 29 stories into the sunlit sky, The Towers of Channelside have it all. Dive into each and every captivating view, from the bustling, metropolitan skyline, to the sparkling, pacifying waters of beautiful Tampa Bay.

 Through advanced high-speed connections, forward thinking architecture, and progressive home systems, The Towers of Channelside create a complete living environment offering comfort and flexibility for anyone looking for the best in Tampa Bay.


 

Please contact me to schedule an appointment.  Also provide the best number to reach you.

 

813-784-7744 or email: realtyrae@yahoo.com  Rae Catanese, PA-Real Estate Agent

 

 

 

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Towers of Channelside Condos
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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
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 million for adjacent undeveloped land.

On 400 Beach Drive, Redus 400 Beach LLC bid $9 million for about 21 unsold condos along with unsold retail space in the 93-unit building.

Atlanta-based Opus South, headquartered in Tampa until last year, filed for Chapter 11 on April 22, listing assets of $38 million and liabilities of $28.6 million.

It is one of five companies that form Minnetonka, Minn., real estate developer Opus Corp. Two others — Opus East LLC and Opus West Corp. — also have sought bankruptcy protection.

An investment group tied to the Tampa Bay Rays is the backup bidder on 400 Beach Drive. Downtown 400 LLC is managed by Randy Frankel and its address is Tropicana Field, home of the Rays, state corporate records show.

The back-up bidder on Water’s Edge is an entity connected to The Related Group of Miami.

NAI Tampa Bay broker T. Sean Lance said the investment groups were most likely testing the water to see how much Wachovia would pay for the properties.

“Those are two high-quality assets,” said Lance, managing director.

The Beach Drive units will sell for more than Water’s Edge, he said. “Downtown St. Petersburg is a much more vibrant downtown as opposed to downtown Clearwater, which is pretty sparse,” Lance said.

He expects the bank to evaluate the properties to determine the best way to minimize losses.

Wachovia will have to decide if it wants sell units individually or in bulk.

Most buyers, including The Related Group, are looking for huge discounts in today’s depressed market.

“The bid-ask gap is great,” he said.

Calls to lawyers at Greenberg Traurig, which represents Opus South, weren’t returned.

If you are looking to purchase condos in the Tampa, St. Pete or Clearwater area contact us:  813 784 7744 or email realtyrae@yahoo.com

Rae Catanese, PA-Licensed Real Estate Agent

View all homes, condos and lofts in the Tampa Bay Area.  Save searches, get neighborhood information and more!

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The Tampa Downtown Partnership has compiled the October – December, 2009 Quick Facts Report.

Downtown Tampa Residents: 2,500*

From SKYPOINT CONDOS

Skypoint Hi-Rise in Downtown Tampa

Studies and ReviewsResidential units under construction: 0

Total amount of residential development in 2008/09 (including completed, under construction and proposed): $244,000,000*

Average residential unit sale price: $300/sq. ft.

Average apartment rental rate (not including low income housing): $1.18/ sq. ft. per month

People living within 3 miles of downtown: 98,080

Click Here for detailed Downtown Tampa Report

Want to live in Downtown Tampa? Check out Skypoint Condo’s for sale. The ultimate luxury high rise in Tampa Bay

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Towers of Channelside Bankruptcy update-Tampa, Fl

Towers of Channelside 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 opportunities.

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towers-of-channelside

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: realtyrae@yahoo.com

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Luxury Condo Tower offers deals on inventory condominiums

Castillo High Rise on Tampa Bay

Castillo High Rise on Tampa Bay

You don’t want to miss out on the Westshore Yacht Club wave of  living in South Tampa. There is something unique about the lifestyle within the community that provides the splendor of living on the water with access to Old Tampa Bay and the marina, yet still enjoy the city life with phenomenal cultural and entertainment venues.

Castillo high rise condo 8th Floor with expansive balcony and waterviews,

Was: $815,000   Now: $675,000

Bedrooms 3
Bathrooms 2
Home Type High-Rise
Living Area 2,000 Sq.Ft.
Region Tampa, FL

Call Rae 813 784 7744 for more information on select units avaialbe at The Westshore Yacht Club.

See Also: News, Photos and Updates on the Westshore Yacht Club Community

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The Tampa Tribune reported today that another high rise building will be built if approved by city council.

I’ve been saying that the rental market is strong in Tampa; and that is turning out to be the case.  The Element Condos have already decided to turn into rentals. Downtown Tampa has become a place where the hip, urban culture is starting to emerge. Right now the Skypoint Condo Tower is the only high rise luxury building that still have units for sale.  They are also running a very aggressive sales promotion on the last available condos for sale.

We have a Downtown Tampa Housing study we would be happy to email to you if you are considering purchasing a condo or loft.  Please reference Downtown Tampa Housing Report in your subject line.

Developers Plan 26-Story Apartment Building In Tampa

JOSÉ PATIÑO GIRONA

TAMPA – Two developers are proposing a 26-story apartment building at Tampa and Tyler streets downtown.

The project would have 404 apartments, 16,000 square feet of shops and a parking garage.

The developers, Intown Group and Crosland, will ask the Tampa City Council to rezone the property at a hearing at 6 p.m. Jan. 29. The developers want approval for the building’s height and design, which they say will be an art deco style comparable to New York City’s Chrysler Building and Empire State Building.

“We know there will be a long-term demand for rental in downtown,” said Gregory Minder, Intown Group president.

Intown also is a developer of the Skypoint condominium tower, 777 N. Ashley Drive, and Element, 808 N. Franklin St., which has been converted to apartments and will open in January.

The proposed apartment tower on Tampa Street will be adjacent to the newly rehabilitated Herman Massey Park, 1002 N. Franklin St.

Minder said the developers are awaiting council approval to close on the three lots and get financing. The property includes a parking lot and vacant land.

Questions about the Real Estate Market in Tampa, Florida? You can reach us at 813-784-7744

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State Dedicates Westshore Yacht Club as “Clean Marina”

–New marina opens for business with environmental stewardship a top priority—

Westshore Yacht Club Tampa, Fl                Click PHOTO to view Community

TAMPA – The Florida Department of Environmental Protection (DEP), together with the Clean Boating Partnership,  recognized Westshore Yacht Club as Hillsborough County’s 2nd Clean Marina. “Running a Clean Marina is key to protecting Florida’s waterways,” said Deborah Getzoff, Director of the DEP’S Southwest District. “We are proud to welcome Westshore Yacht Club to the growing number of marinas in Tampa Bay who are recognizing the value in protecting our natural resources and have dedicated themselves to educating Florida boaters.”  Westshore Yacht Club built its facility using the Clean Marina Action Plan as its guide.

 

The 149 slip marina also implemented a self-inspection process to continuously evaluate aspects of the marina including storm water, waste management and emergency preparedness, as well as fire safety. Some of the steps in the program include using environmentally-safe cleaning supplies, pump out stations and providing marina staff and boaters with information on how to minimize environmental impacts. “The Clean Boating Partnership congratulates Westshore Yacht Club for their commitment to Florida’s environment,” said the Partnership’s Chair, John Naybor. “Their dedication and hard work in becoming a Clean Marina is an accomplishment this facility can be proud of and we welcome them to our growing Clean Marina family.”

  

 

 

See Also: Westshore Yacht Club Condos, Homes and Townhomes Pricing and Promotions

or call 813-784-7744 for more information on remaining developer residential units for sale or boat slip rentals and purchases.

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Skypoint Condos for Sale! latest…Update for The Luxury High Rise Condo SKYPOINT in Downtown Tampa, Fl.

Skypoint Condo-29th Floor
Skypoint Condo-29th Floor

The best deals are Resale units that are in foreclosure and short sales. Pricing is now starting in the 150’s!  This is great news for buyers looking to get a deal now.

The condo building is now FHA approved, buyer’s only need 3.5 percent down. Don’t forget about the 8,000 tax credit to be used before the end of the year. This is for first time home buyers or anyone who has not owned a home in the last 3 years.

Call 813-784-7744 for more information and pricing on remaining Skypoint Condos for sale. Or send an email to Info@TheTampaRealEstateInsider.com

Also see: article we posted back in August about Skypoint Condos You’ll see a link for a virtual tour and more information on this luxury hi-rise building in Downtown Tampa.

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In August 2008, a U.S. bankruptcy judge approved a relief package for WCI Communities that’s designed to assure homebuyers would not be impacted for future purchasers at the Westshore Yacht Club here in Tampa Bay.  

If you are looking for a great deal this is the time to invest.

This is GREAT NEWS for one of the premiere boating communities on the West Coast of Florida.  Since August, West Shore Yacht Club has created the furious pace of the trading floor with a promotion that has people taking action.  This is a very positive sign for the Tampa Housing Market; especially for those who are looking to invest their money NOW while prices are aggressive.

From Westshore Yacht Club

Unlike some other developments here in Tampa, The West Shore Yacht Club IS selling their townhomes, hi-rise condo tower, and accepting contracts for the single family homes yet to be built. 

More good news…..They are not turning into rentals. Many other developments have caused the people who purchased in the begining to live amongst mainly renters; which is not what buyer’s signed up for originally. 

When you take a tour of the community you’ll notice that the people who are living there are enjoying life and taking advantage of the wonderful amenities this luxurious, resort style community has to offer.  There are so many things to do, you may just decide to stay home and relax on the weekends. 

I love the tranquil Spa! The fitness center is state of the art with views of the water.  They offer complimentary towels, a very nice locker room with showers, blow dryers, and toiletries.  It’s really everything you’d expect a high-end club to be.  There are also 2 heated pools, 2 restaurants, 2 bars, a billiards room and a yacht shop for supplies. 

If you’ve been looking to purchase in South Tampa, you’ll know a single family home is nearly impossible to find under 400K.  Other options are townhomes and condos.  If you need a 3/2 and 2 car garage, approximately 1900 square feet of living space, you may want to consider one of the townhouses or condos for sale at the Yacht Club.  They are solid block construction on all floors, built to current hurricane standards, and have many upgrades like granite, stainless steel appliances and high ceilings. Best of all, these properties are brand new and never lived in.  Another nice feature of the community is that there is plenty of parking for guests.  Something you don’t find in a South Tampa Townhome communities.

This year there have been approximately 35 units sold by the developer due to their very aggressive pricing and incentives.  These Townhomes were once selling for 450-650K two years ago. The same units are now listed for 325K and up. 

View Map of Westshore Yacht Club, Tampa Bay

These are the BEST prices we’ve seen in a Tampa Bay waterfront community. 

The Westshore Yacht Club has become a lifestyle choice for many buyers…… “where you live is as important as how you live”.  Isn’t that the truth? 

Please contact us to schedule a showing of the remaining developer units. Or call Rae at 813-784-7744

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