New coffee shop for Tarpon; Agora Edge expands • St Pete Catalyst

A weekly roundup of local real estate deals.

 

Black Rifle Coffee Company to enter Pinellas County

Black Rifle Coffee Company will be opening its first-ever coffee store in Pinellas County. 

The chain currently has its coffee products on the shelves in gas stations and at the Bass Pro Shop in Tampa, but it does not have a local physical standalone store.

The planned Tarpon Springs shop would be the second BRCC store in Florida. The Salt Lake City, Utah-based chain recently opened a brick-and-mortar store in Niceville. 

Georgia-based Pursuit Development and Tampa-based Bowman Consulting Group filed a stormwater permit for the new 2,619-square-foot coffee shop, which would be located at 40390 U.S. Highway 19. 

The company is known to hire veterans and military members at its coffee shops. 

Meanwhile, another coffee company – Bad Ass Coffee – recently announced it is planning to break into the Tampa Bay market by opening five shops within the next year.

 

Agora Edge warehouse project plans

Agora Edge, a St. Petersburg company that manufactures soft goods, has filed plans to build a nearly 50,000-square-foot warehouse near its current HQ. 

The new warehouse would be built on a 5.4-acre site located on the west side of 29th Street N., south of 22nd Avenue N. The triangular shape of land is next to a large regional stormwater pond on the south side of the site.

The warehouse project will consist of a single building with a loading dock and associated parking, according to the plans filed to the water management district. 

Agora Edge is working with St. Petersburg-based Wannemacher Jensen Architects Inc. and Vickstorm Engineering Services on the project.

Agora Edge’s current HQ is at 2101 28th St. N. and it also has an office in Taiwan. 

The manufacturer typically serves the medical, fire and safety, retail and logistics industries. 

 

Coffee Pot estate sells for over $3 million

A modern home in the Coffee Pot Bayou neighborhood, which has one of the few brick streets in Snell Isle, has sold in a $3.085 million deal. 

The 5,378-square-foot estate at 401 Coffee Pot Riviera NE was owned by Blake Wilson. He sold the home to a local orthopedic surgeon and his wife, according to Pinellas County records. 

The two-story home, built in 2019, features five bedrooms, four full bathrooms and one half-bath.

Past the double door entry, there’s a custom staircase, porcelain tile floors throughout the home and tall ceilings. It has an open floorplan leading to the kitchen and living room, which has a custom built-in electric fireplace.

The home does offer a pool, a two-car garage and a side entrance.

The home last sold in 2019 for $1.825 million. 

Dina Sierra Smith with Smith and Associates represented the seller and Nikki Pagano with Douglas Elliman represented the buyers. 

 

Boston firm buys business parks in St. Pete 

Boston-based Taurus Investment Holdings has purchased five industrial St. Petersburg properties as part of a major acquisition. 

This month, Taurus announced it acquired the Sunbelt Infill Portfolio, which consists of 13 Class A and Class B industrial assets totaling over 1.4 million square feet across Atlanta, Houston and Florida. 

The acquired five St. Pete properties include two industrial parks in the Pinellas Gateway submarket, Metropointe Commerce Center and Westbay Corporate Center. Taurus purchased the St. Pete properties for a grand total of $37.45 million, according to Pinellas County records.  

“Taurus remains committed to finding additional expansion opportunities in Tampa and specifically St. Pete. Tampa as a whole is experiencing record-setting figures in the industrial market as strong population and job growth have fueled consumer spending. The market continues to outpace the national average in both population growth and unemployment,” Bill Garey, director of acquisitions at Taurus, told the St. Pete Catalyst. 

 

Miami hotel group buys historic Gulfport hotel 

The Historic Peninsula Inn in Gulfport has sold to Miami hotel group Casa Florida in a $2.877 million deal. 

Former hotel owner Veronica Champion also announced the sale during a Gulfport Merchants Chamber meeting stating, “I love that building, I love this town, but they have a vision and have brought a team, and I couldn’t be more confident that they are the right team.”

The Miami hotel group is known for renovating historical spaces. It plans to transform the 11,508-square-foot Inn at 2937 Beach Blvd S. into a pink hotel and cocktail bar.

Casa Florida was under contract since April to purchase the British Colonial-style building. 

 The hotel, which the former owner claims is haunted, was once used as a hospital to treat wounded veterans during World War I and World War II. 

 

Prominent local developer secures $19M for his next Madeira Beach project 

Bill Karns, who is the developer behind the Madeira Beach Town Center development, has secured a $19.05 million loan under the Condo A Company LLC entity to build a new boutique luxury condo community at 400 150th Ave. in Madeira Beach.

The project, dubbed the Residences at Town Center, would be the second phase of his master-planned development in Madeira Beach. The first phase was a 38-unit residential project, The Harbor at Town Center. 

The Historic Peninsula Inn, the only hotel in Gulfport, officially sold to Miami hotel group Casa Florida.

The five-story Residences at Town Center will feature 27 condo units with four different floorplans, each with three bedrooms and three bathrooms.

The prices for the units start at over $1 million. The condos feature finishes such as stone countertops, hardwood and tile flooring, stainless steel appliances, 10-foot ceilings and large walk-in closets. Amenities include a pool, fitness center, activity room and storage units.  

Karns secured the loan for the Residences at Town Center through Trez Capital, a private real estate lender that has offices in Canada and the U.S.