Archives for February 2010

Clearwater Beach Parking Garage Deal Approved

February 18th- Clearwater City Council unanimously approved a development agreement with L.O.M. Inc. to build a parking garage. It will be located on Coronado Drive, next to the newly opened Hyatt Regency Resort. The 300 spaces will replace the ones that were lost to the BeachWalk project. The site is currently occupied by Britt’s Laguna Grill and Surf Style, who will occupy the ground level of the new facility. Construction is expected to start by the end of September.

Patel Property Up For Sale In Clearwater Beach

The vacant 2.9 acre lot at Coronado and S. Gulfview, next to the new Hyatt is up for sale. The property is owned by Tampa businessman and philanthropist Kiran Patel. Patel paid $40 million for the prime land 6 years ago, one of Pinellas County’s most expensive land sale price. Todays asking price – $30 million.

Patel and partner Miami based Related Group originally planned to build a 15-story two tower megaresort of 450 condos and hotel suites overlooking BeachWalk and Clearwater Beach. A number of hotels were razed to make way for the project. The implosion of the Spyglass Resort was aired on live national TV when illusionist Chris Angel performed an escape just before it crumbled.

In 2008 Patel was granted an extension by the city to delay construction until 2011. Another extension for the property could be denied, meaning the new buyer might need to start building right away unless another deal is struck with the city. The site is currently used by the city for beach parking. As part of the extension agreement, 200 parking spaces were built with $150,000 from Patel.

Alden Beach Resort Recieves Local Award

Congratulations to the Alden Beach Resort and Suites who recently won Business of the Year for 2009 from the Tampa Bay Beaches Chamber of Commerce.

Fenway Hotel Developer May Face Foreclosure

RBC Bank filed a lawsuit Friday against George Rahdert and two of his companies who have yet to repay over $8 million in loans and interest. Rahdert was renovating the Fenway Hotel in Dunedin, planning on re-opening the historic waterfront hotel as a high end Jazz age retreat. Rahdert purchased the 6.4 acre property on Edgewater Drive in 2006. Last year a deal to sell it to Robert Masson fell through and Rahdert has filed a lawsuit against him. Rahdert may be hoping news of the foreclosure suit will lead to a new investor. Several local businessmen have expressed interest in the property.

Boating Communities

The Tampa Bay area is one of the top boatng areas in the country and is home to dozens of communities that cater to the boating enthusiast. Whether you need a lift for your cabin cruiser, a slip for your sailboat, or a dock for your jetski you can find it here. There are even individual deeded boat slips for sale. The propertis below are just a few of what's available.  Contact us  today to find your next waterfront home, condo or boatslip.


Coral Reef Beach Resort

Coral Reef Beach Resort offers fixed(use same time every year) and float (use anytime) timeshare. Resort information can be viewed at the Coral Reef website. Coral Reef is an RCI member, allowing owners to exchange their week to use at 1000’s of resorts worldwide. Units can be rented if the owner chooses not to occupy it during their ownership week. Owners at Coral Reef Beach Resort also have day use privileges, a huge benefit to local owners, allowing them to use the pool and facilities year round.