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.

Dunedin Gives Fenway Hotel Redevelopement Approval

The developer plans to complete a period restoration on 48,694 square feet to resurrect its 1920s grandeur and two new wings featuring 1920s’ design motifs. Fenway on the Bay was a popular resort from 1924 to the late 1950s. Later it was home to Trinity College and most recently Schiller International University. As part of the agreement the 5.2-acre property on Bayshore Boulevard in Dunedin will be designated a single-site historic overlay district.

When completed the renovated hotel will include: 132 rooms, restaurant, ballroom, meeting space, spa and retail shops. The development agreement calls for the construction of a 6-foot decorative masonry wall noise buffer prior to the start of the renovation work and an off site parking lot will handle employee and overflow parking.

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.