Archives for August 2010

Ribbon Cutting Ceremony For New Boat Slips

The City of Clearwater will hold a Grand Opening Celebration for the new Downtown Boat Slips 9 A.M. September 2nd, at 210 Drew St. The event will include speeches by city officials and representatives from the agencies that have worked to ensure the success of the project. Refreshments will be served.

Clearwater voters signed off on the project in a 2007 city referendum. The completed facility includes 126 boat slips, 1,700 feet of overnight space for visitors, 700 feet of space for daytime visits and special events that are happening in the downtown area. The daytime space is free. The boat slip lengths range in size from 30 to 55 feet. Slips are available to anyone that is interested. There are slips currently available and boats must fit within the area of the slip.

Slip Rates:
Resident: $9 per foot length of the slip
Non-resident: $10.50 per foot length of the slip

The boat slips facility will include 24-hour security, restrooms and showers, convenient parking, laundry facilities, electricity and a pump-out service.

For more information or if you are interested in renting a slip, call the Clearwater Municipal Marina at 462-6954.

Indian Rocks Beach Wants Ocean Glen Project Removed

The Indian Rocks Beach city manager has issued a demand letter to the project manager of the Ocean Glen at Waterside condominium construction project asking that, “The structure’s verticals and slab be torn down and that the property be returned to a neutral state.” The residential condo project is located at 7th Ave and Gulf Boulevard on the site of a former RV park. The project has been stalled for years and has been called the beach “Stonehenge” by residents.

Water’s Edge Luxury Condos Grand Re-Opening

Despite concerns of a still-weak real estate market, the grand re-opening of Water’s Edge on Thursday, July 29th marked history in the Tampa Bay and Gulf Coast area. The offering of luxury condominium homes at up-to-50-percent-off original listing prices was a success. The pricing structure was intended to sell units quickly and is working. Water’s Edge has already sold enough condominiums to pay off its acquisition loan and eliminate the financial risk to their investors. There are still residences available such as no. 901 that originally went for $634,800 now sells for $304,900.

The momentum generated by the grand re-opening is being looked at by City Fathers as the residential jump-start for Downtown Clearwater’s revival. Maxwell Drever, chairman of Concierge Asset Management, who is known for his long career of gentrifying and rejuvenating communities through smart buying, hopes to have Water’s Edge lit up like a Christmas tree with residents come December instead of its former ghost-tower past.

Concierge remains committed to Drever’s original purpose of buying at fair market value and passing the savings along to future buyers, allowing Water’s Edge purchasers to take advantage of “landmark living” despite the country’s recent economic hardship.

“The market determines the price, which is something we understand,” said Grant Wood of Stingray Asset Management, the company managing the sale of the Offered Units.

Water’s Edge offers a stunning view of the Intercoastal waterway and the Gulf of Mexico. In fact, 85% of the units in Water’s Edge have water vistas. The building’s easy access to Clearwater Beach, adjacent municipal marina, first-class luxury amenities and a City committed to growth made this property a prime location for Drever and his team.

Mayor Hibbard who spoke at the event said, “What [does] Apple, Microsoft and Water’s Edge all have in common? Answer: They are all opportunities that you would have wanted in on, on the ground floor.”

Water’s Edge, the tallest building in Downtown Clearwater, will no longer stand as a giant reminder of economic hard times, but strong and mighty as a symbol of rebirth. The luxury way of life was simulated by Robb & Stucky Interiors, Neiman Marcus, Galati Yachts, Dew Automotives, June’s Orchid Estate and Menaul Fine Art who all participated in the classic event.

About Concierge Asset Management:
Concierge Asset Management, headquartered in Houston, TX, is a value-added, vertically integrated real estate investment company. Together with its institutional partners, Concierge acquires, repositions and manages large luxury condominium communities and apartment communities. Concierge is often “buyer of choice” for lenders/ sellers of challenged non-performing loans (NPLs) or foreclosed properties due to its expertise in providing both post and pre-closing cost-effective solutions for problems in their portfolios of multi-family and other types of investment properties. Concierge’s founder-chairman, Maxwell Drever, president and chief executive officer Ted Kerr and their teammates, many with decades of service with Concierge, are also recognized for their social and environmentally conscious property and community transformations. Currently, Concierge is investing nationwide in properties and/or their NPLs.