Investor scoops up Dairy Inn site for luxury townhome development
/St. Pete's iconic Dairy Inn ice cream shop, which closed its doors in November after operating for 76 years in Crescent Lake, will be razed for a new residential development.
Local real estate investor Everett Vance, owner of The Vance Group and broker at Premier Properties, plans to build six modern luxury townhomes on the corner lot at 1201 Martin Luther King Jr. Street North.
He purchased the site in December for $740,000.
"For me, this will be my first multi-family project. I typically work on single-family homes," Vance said in a conversation with St. Pete Rising.
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More than six years after the Wagon Wheel Flea Market closed its doors, plans are taking shape to redevelop the sprawling property that was once home to one of Pinellas County's most popular weekend shopping destinations.
Pinellas Park-based Belleair Development Group is under contract to purchase approximately 156 acres at 7801 Park Boulevard North, where the Wagon Wheel and Mustang flea markets operated for more than five decades before closing in 2020.
Christian Yepes, owner of Belleair Development Group alongside his father, Carlos Yepes, confirmed the company is exploring options for a mixed-use development that could bring residential and commercial uses to the largely vacant property.
“We are extremely grateful for the opportunity to develop such a landmark in Pinellas County. We are currently in the midst of due diligence and are exploring mixed-use development options at the site,” Yepes said in a conversation with St. Pete Rising.
The property is currently owned by the family of Hardy Huntley, who founded the Wagon Wheel Flea Market with his wife, Janet, in the 1960s.