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.