Bankrupt Developments

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

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

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New Owner's of The Place at Channelside decide to rent building

It’s official!  The new owner’s 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 … Continue reading New Owner's of The Place at Channelside decide to rent building

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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 … Continue reading The Place at Channelside in Tampa goes to auction

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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 … Continue reading Channel District Condo Developer To Turn Units Over To Bank

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Trump Tower Dead, Tampa, Fl

Trump ends ties with Tampa towerAssociated PressPublished May 31, 2007TAMPA — Donald Trump has pulled out of the $300 million, 52-story Trump Tower condominium project in Tampa, according to a lawsuit filed Friday in federal court.Trump said in the lawsuit that developer SimDag owes him more than $1 million in unpaid licensing fees. Trump also … Continue reading Trump Tower Dead, Tampa, Fl

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