According to an article from the Tampa Bay Times: "Chuck Prather bought the Mansion by the Bay late last month for $2 million, property records show, with plans to restore it as an annex half a block from his boutique Beach Drive hotel." Prather is owner of the newly opened Birchwood Inn on Beach Drive. According to the article Prather will use the Mansion by the Way house for parking, storage, and an office.
The Silhouette Condos were suppose to be built on this site but developer Lee Allen said the offer was "too sweet to pass up". Across the street from the now dead Silhouette Condos is where JMC Development is planning to build Rowland Place.