Developer to build luxury apartments in Pinellas Park

PINELLAS PARK — For proof that developers are betting big on renting, look no further than Gandy Boulevard, where a South Florida firm is planning to spend $45 million to build hundreds of luxury apartments.

The Richman Group of Florida last month bought nearly 40 acres from flea-market magnate Hardy Huntley, with plans to start construction early next year on the 432-unit Gateway Centre.

Sized between 870 and 1,500 square feet, the one- to three-bedroom apartments will boast nine-foot ceilings and granite countertops and rent for $1,000 to $1,800 a month.

The four-story complex will also have a clubhouse, an outdoor kitchen, tennis courts and a nature trail. The first phase, of 320 units, is scheduled to open in early 2014.

The land, part of an old industrial park, is not exactly an Eden of luxury. Neighbors include the Sunset Palms mobile home park, a Walmart Supercenter, the planned home of Tampa Bay’s first Wawa convenience store and a sprawling convoy of car lots.

But Richman development associate Damon Kolb said the West Palm Beach-based firm sees the site as a smart investment. With so much land bundled together in built-out Pinellas County, Kolb said, “We feel fortunate to find a site as nice as this.”

The owner of the Wagon Wheel, Mustang and Gunn Highway flea markets, Huntley is perhaps lesser known as a land tycoon, owning more than 1,000 acres across Tampa Bay and in Citrus County, said Huntley Properties partner Peter Creighton.

Much of that was cobbled together from the discounted debris of foreclosure rolls, including the Richman land, which a bank had begun to seize from deflated developer Grady Pridgen. Creighton would not disclose the land’s purchase or sale price, and the property appraiser has not yet publicly recorded the sale.

Last year, a Winter Park development firm, Douglas Partners, unveiled a similar proposal called Douglas Grand Gateway. But the deal fell though, Creighton said, prompting Huntley to seek other offers. Douglas representatives did not return messages Friday.

Apartment vacancies have tightened and rental rates have climbed as the recession led former homeowners to seek en masse what seemed like cheaper, less-risky living.

But it’s not just demand. During the housing boom, apartments converted to condos squeezed the open supply. And after the bust, construction of new apartment buildings, and everything else, slowed to a crawl.

Gateway is one of many planned campuses looking to cater to local renters’ pent-up demand. Plans have sprouted or risen back to life in Tampa’s South Howard district and North Hyde Park.

The Richman Group’s Florida office is also working to open nearly 500 apartments in Hillsborough County, Largo and Clearwater. Another complex for Safety Harbor is in the works.

“Multifamily is what we do. … It’s not new to us,” Kolb said. “What is new is the amount of competition.”

Contact Drew Harwell at (727) 893-8252 or dharwell@tampabay.com.

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Pinellas Park FL Real Estate

Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Learn more

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Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Learn more

Condo For SaleHouse For Sale

Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Learn more

Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Learn more

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Pinellas Park, Florida Real Estate – What Choices Do You Have?

If this is your first time to hear about a place called Pinellas Park, Florida, you should know that it’s the one place in the state where you can buy a house for less than $50,000. It’s $37,000 to be exact.

You will find that very cheap house listed on Zillow. The good thing about it is that it’s not the only cheap property listed there. And we saw a two-bedroom, 1,300 square meter home being sold for $130,000. If that is not affordable, we don’t know what is.

But you do get what you pay for. Property that cheap cannot be new construction. And there’s every chance that you will need to spend thousands of dollars on repair jobs here and there.

So, if you are looking at buying property on Pinellas Park, make sure to take a look at the different listings. Pay special attention to new construction because newly constructed houses don’t demand anything in terms of repairs.

If you take a look at the different real estate listings websites, you will see that there are different types of housing construction you can buy. There are the condominiums, townhomes, stand-alone houses, among others. Each type has its own set of advantages and disadvantages.

If you are looking to buy property for your family, do take the time to research on the different listings. Aside from the property itself spend a few hours doing research on the surrounding area or the neighborhood. Definitely, you will want to make sure that the neighborhood you will be moving into is child-friendly.

Don’t just buy the first property that catches your attention. Take a look at the different listings and narrow them down to three based on different filters. The make a personal visit.

Looking For Apartments For Rent In Pinellas Park FL?

Looking For Apartments For Rent In Pinellas Park FL?

Are you searching for apartments for rent in Pinellas Park FL? If so, you have come to the right place. With hundreds of apartments for rent in the area, picking the right one can be overwhelming at times. There are so many things that you need to consider in this regard. The Internet has really helped facilitate your search with so much of information on the real estate market in Pinellas Park FL. Why not take advantage of the Internet when looking for an apartment in Pinellas Park FL? Here are some tips to consider when you are searching for a good apartment for rent in the area.

Apartments For Rent In Pinellas Park FL Available Now

Apartments For Rent In Pinellas Park FL Available Now

When you decide to move into the Pinellas Park area of Florida, and you start to look for apartments, you will be shocked at how many there actually are. You will want to choose one that is large enough for you, or you and your family, and that will also be affordable. It is important to consider all of your options when it comes to how much you will pay, how much they want upfront, and if there is a lease or not. The following information will lead you to the best apartments in Pinellas Park Florida that will not only be in a good location, but will also be affordable.

Where To Find Apartments For Rent In Pinellas Park FL

Where To Find Apartments For Rent In Pinellas Park FL

You can find a lot of apartments for rent in Pinellas Park FL, but they are not all going to be good. To find a home that works for you, it’s best to shop around a little. What do you need to look for in the ideal apartment?

Always read up on the property management company that runs the apartments you are looking into. If there isn’t one that’s in charge, then it probably is just a landlord that takes care of it all. It’s easy to see what people are saying about an apartment they have lived in for a while. Just look up the name of the complex and make sure that you read information that is from the last few months at least. That way, you know that the reviews are likely from people that have dealt with whoever is in charge of the place now.