Archives for April 2008

Tampa Tower 2 Developer Files For Bankruptcy

Tampa Condo 2 LLC, the developer behind The Tampa Tower 2, is seeking Chapter 11 bankruptcy protection.
The would have given downtown Tampa its tallest condo tower – a proposed 51-story, 472 unit condominium tower.

Tampa Condo 2 is a subsidiary of Amon Investments LLC of Daytona Beach, which also is building Station Square in Clearwater and had plans to build The Tampa Tower 4 downtown near the proposed Tampa Tower 2. It is unclear how the bankruptcy filing would affect these projects, if at all.

This is the 3rd high-profile bankruptcy filed this year for downtown projects. The other 2 are The Towers of Channelside and Key Developers Group LLC’s The Place at Channelside.

Clearwater City Council Suing Developer

In 2002 the Community Redevelopment Agency entered into an agreement for Sarasota developer Bruce Balk to build 100 residential units called “Mediterranean Village in the Park”, ranging from 1,200 to 1,600 square feet, on the 5.4 acre former Dimmitt Chevrolet property on Clevland Street in downton Clearwater.

Balk abandoned the project after only 15 units were completed. The CRA sought other developers to complete the project but Balk refused to sign a “termination certificate” allowing another developer to finish. This has resulted in a “cloud on the title” to the property, which must be cleared before it can be conveyed to another party.

The Council gave permission to file a lawsuit against Balk and his two companies, the Balk Company Inc. and Mediterranean Village, LLC. asking the court to either enforce the original contract or “quiet” the title to the land so another developer can build on it.

Dunedin "Gateway Project" OKd

Dunedin City Commission unanimously approved develper Pizzuti’s preliminary site plan for what is being called the Gateway project. Pizzuti plans to build retail and office space and residential units near Main St and Skinner Blvd downtown. The project will be 3 floors and 8 units per acre, less that the 4 floors and 30 units per acre allowed.

A rendering shows arches, stepbacks, and columns. Offices will front Skinner Boulevard, and residential units will be on the floors above the shops and offices. An extension of Milwaukee Avenue will be built to serve the new complex.

Approval of the preliminary site plan was the first of several needed approvals. On May 15, the City Commission is scheduled to consider the new purchase contract and the development agreement between the developer and the city.

City Councilman Irked by Messy Developer

Overspray from stucco and paint being sprayed on the Water’s Edge building being constructed by Opus South has landed on a car belonging to City Councilman Paul Gibson. The project is next to city hall.

The city’s construction manager, said Opus officials had promised to take preventative measures, including repairing the protective netting around the building and that Opus has made arrangements for a local carwash to wash the damaged cars and for an overspray cleaning company to come to City Hall and clean those cars that cannot conveniently be taken to the carwash.

Gibson was not safisfied and said he is looking into possible ordinance violations.

Clearwater Beach 42 Slip Dock Approved

Pinellas County commissioners voted Tuesday to approve the city of Clearwater’s request to create a 42-slip commercial dock in a boat basin off Mandalay Channel. The project is being constructed in a city partnership with JMC Communities of St. Pete, the developer of the Sandpearl hotel and condo project on the beach’s gulf side. JMC Communities will pay for the construction of the dock. 27 slips will be leased to the Sandpearl, and 15 slips will be available to the public.