Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

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Caddy’s to assess damage before rebuilding 

The popular waterfront restaurant that has locations throughout Pinellas County is one of many businesses that have suffered immense damage from Hurricane Helene. 

The Caddy’s Indian Shores location took on about three feet of water throughout the restaurant. The other locations at Treasure Island, Madeira Beach, and John’s Pass were also severely damaged.

As a result, Caddy’s has temporarily closed all locations. 

“Unfortunately, our Caddy’s locations have suffered severe damage, and it will take some time for us to get back on our feet. We plan to rebuild, repair, and get back to normal operations as soon as possible,” the management team wrote on Facebook.

Owner Marcus Winters told St. Pete Rising that he plans on reopening all of the restaurants. 

However, as there isn’t a timeline of when the repairs will be completed, all employees have been let go. 

St. Pete restaurant to become marijuana dispensary

A shuttered Sam's Seafood & Chicken restaurant located just west of the Grand Central District will undergo renovations to become a new medical marijuana dispensary.

Trulieve Cannabis Corp., which claims to be the largest dispensary network in Florida, announced it will be opening a new store at 3210 Central Avenue.

The 1,940-square-foot drive-thru restaurant building was purchased by Sunshine City Ventures LLC, controlled by local investors Zachary Zehnder and Max Schwartz, in May for $1.075 million

Trulieve has over 200 stores, including one on 4th Street North and another in Tyrone.

The franchise also recently opened a store at 6950 Park Boulevard in Pinellas Park.

Trulieve offers statewide home delivery, online ordering, and in-store pickup.

New Pilates studio opening on Central Avenue

CARVE, a new modern Pilates and strength training studio, will open at 780 Central Avenue in the retail building anchored by Chihuly Collection. 

The space was previously occupied by commercial banking company BayFirst Financial.

Through a monthly membership, CARVE will offer personalized classes focusing on “Pilates-inspired low impact, resistance training workout using slow and mindful movements targeting the lower and upper body and core,” according to the company website. 

The Central Florida-based company has two other locations in Winter Park and Ocoee in Central Florida. 

CARVE St. Pete is expected to debut this November.

St. Pete's Prince Gregor Apartments sell

The bright blue Prince Gregor Apartments, located at 844 5th Avenue South, has a new owner.

Los Angeles real estate firm Cochise Capital sold the 76-year-old, 13-unit building to Coral Gables-based development and consulting firm Hajjar and Associates for $2.2 million.

Commercial real estate brokerage Franklin Street was the listing agent.

Former City Councilmember Robert Blackmon previously owned the Art Deco building, which has a mix of studios, one-, and two-bedroom units that have undergone major renovations while retaining the historic charm. 

Steakhouse property to become funeral home 

Harold Seltzer’s Steakhouse has closed and sold its last remaining restaurant in St. Petersburg. 

The Seltzer family sold the 9,660-square-foot restaurant at 3500 Tyrone Boulevard to SCI Funeral Services of Florida for $3.9 million. 

The property will be transformed into a Dignity Memorial-branded celebration of life center with funeral and cremation services, the company announced. 

The steakhouse first opened in 2000 as Sam Seltzer’s until 2010 when it rebranded as Harold Seltzer’s. The restaurant closed its doors on September 29th. 

Seminole retail strip sells

A retail strip on Bay Pines Boulevard has sold for $4.65 million. 

Kitson & Partners Commercial sold the building at 10195 Bay Pines Boulevard to Ohio-based real estate firm SITE Centers Corp.

The building houses a Starbucks Coffee, Jimmy John’s, Supercuts, AT&T, and Noire The Nail Bar. 

There’s one tenant vacancy where smoke shop Bay Smokes previously operated. 

The 9,072-square-foot building was constructed in 2015 and is across from a Walmart Supercenter. 

SITE Centers is the owner and manager of open-air shopping centers located in suburban, high-household income communities, according to the company website.  

304-unit apartment development lists

The Morgan, a 304-unit apartment complex in St. Petersburg, is on the market.

The property at 5473 27th Street South in Greater Pinellas Point is across from a Publix Supermarket-anchored plaza and is located just off Interstate I-275 and the Sunshine Skyway Bridge.

Commercial real estate group Cushman and Wakefield is the listing agent. An asking price was not publicly advertised in the listing.

The Morgan features one-, two-, and three-bedroom apartments from 663 to 1,731 square feet with patios and balconies.  

Amenities include two pools, green space, outdoor grills, a gym, and an on-site laundry center.

Gulfport Bed and breakfast sells

Gulfport's Sea Breeze Manor Bed and Breakfast has sold for $2.3 million.

St. Pete-based Sunny Day Stay Inc. purchased the seven-unit two-story boutique property at 5701 Shore Boulevard South from Frank Keller, who has owned the Inn since 2017.

The 5,340-square-foot bed and breakfast, built in 1923 with a classic Tudor style, overlooks the park bordering Boca Ciega Bay.

Days after acquiring it, the new ownership group said the storm surge from Hurricane Helene caused significant flooding to the property; however, the Sea Breeze is still open and the rooms on the upper level are available for bookings.

The in-house restaurant The Breeze Waterfront Cafe serves breakfast, lunch, and dinner as well as cocktails, wines, and beer on the front porch and garden area.

The amenities at the bed and breakfast include beach access and private parking.

The buyer took out a $1.916 million loan from Midwest Regional Bank for the purchase.