Clearwater Florida Homes Condos Real Estate

head_left_image

Wells Fargo now owns Baywalk in downtown St Petersburg

We keep seeing the fallout of this economy - thanks for the update from Sharon Simms...

This afternoon Wells Fargo foreclosed on Baywalk retail complex in downtown St. Petersburg. Other developers had expressed interest, but none placed a winning bid today.

Baywalk was a critical part in the redevelopment of St. Petersburg, and hopefully will again be a popular and successful destination. We enjoy Gratzzi's Italian restaurant, which is one of the original tenants. Chico's is another early tenant, as is Muvico. The existing businesses and restaurants will continue operating.

It's expected that Wells Fargo Bank will redevelop and improve the property prior to placing it actively for sale.

Comment balloon 5 commentsCyndee Haydon • February 21 2009 05:40PM

Comments

Wow - thats crazy.  I used to love going to Baywalk.  I am sure once things start to turn around someone will grab that up.

Posted by James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move (Real Living | At Home) almost 10 years ago

Wow, Wells Fargo will develop the property prior to selling it? Something is strange here. Developer failed, and the bank will now do that they have never done before, get into development?

Posted by Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) over 9 years ago

Cyndee- it sure has been a long time since you visited ActiveRain-

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) about 9 years ago

Hi Cyndee & Jack, thank you for the information about the Baywalk in downtown St Petersburg being owned by Wells Fargo Bank. All the best and stay the most commended Clearwater Beach Short Sale Agent. Thumbs up!

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 5 years ago

Informative post Cyndee & Jack. Thank you for handing out information like this. All the best and keep up the good work.

Posted by Petra Norris, Realtor, Lakeland FL Homes for Sale (Lakeland Real Estate Group, Inc.) over 5 years ago

Participate