Done Deals: St. Pete vintage clothing store opens, Apartments sell for nearly $30M, FreeFall Theatre sells property
/Reclaim threads has opened their first storefront in the warhouse arts district at 615 27th street south | Google Earth
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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Reclaim Threads opens store in Warehouse Arts District
Reclaim THREADS, A retailer selling clothing for men and women at pop-up events, has opened a brick-and-mortar store | facebook image
Reclaim Threads, a retailer selling curated vintage clothing at pop-up events, has opened a new storefront in St. Pete.
The owner recently opened their doors inside an 8,080-square-foot, multi-tenant warehouse at 615 27th Street South in Suite D.
"For the last six years we have been collecting vintage clothing, creating one-of-a-kind upcycled garments, and traveling the country selling our designs at music festivals. You may have shopped with us at Localtopia or seen us at a local music event. Now you can shop with us at our new location in the Warehouse Arts District," owners Emma Charles and Marissa Baker wrote in a Facebook post.
reclaim threads owners Emma Charles (left) and Marissa Baker | reclaim threads instagram image
"This is something we have wanted for a very long time."
The fashion designers opened the business with the mission to reduce waste through reusing/recycling/refurbishing vintage pieces.
The shop carries funky casualwear to high-end designer/formalwear.
The store is open Thursday and Friday from 10 a.m. to 7 p.m. and Sunday from 12 p.m. to 5 p.m.
FreeFall Theatre sells house used to host actors
freefall theatre’s 820-square-foot house used to host traveling actors | redfin
A home owned by St. Pete's freeFall Theatre, which has been used to host out-of-town actors for their plays, has sold.
The theatre sold the 820-square-foot home at 5136 1st Avenue North to Velocity Development Group LLC for $299,000.
Velocity is a boutique development company focused on small to medium multi-unit residential and mixed-use opportunities in St Petersburg.
The three-bedroom, one-bathroom home was built in 1920. The Theatre purchased the home in 2019 for $155,000.
The property is zoned as Corridor Residential Traditional (CRT-1), which allows it to continue to be used as a single-family home or as an office space, a salon, or a studio, according to the listing.
The home has an updated kitchen and interior finishes.
Gabe Alves with Smith & Associates Real Estate represented the seller. Dustin Baldwin with EXP Realty LLC represented the buyer.
St. Pete garden-style apartments list
the ashford bayside apartments in kenneth city | jll
The Ashford Bayside, a 189-unit garden apartment community in Kenneth City, was listed for sale.
The 2.79-acre community is at 5870 56th Avenue North.
Joe Thavis and Will Gryboski of JLL are the listing agents. The full offering can be found here. An asking price was not publicly advertised.
Ashford at Bayside, constructed in 1972, has studio, one-, and two-bedroom apartments.
Twenty-eight units were recently renovated.
The community features a swimming pool, a playground, a dog park, Amazon package lockers, and an on-site laundry facility.
St. Pete's Camelot apartments sell
The camelot apartmemnts in st. petersburg | franklin street
The multi-family Camelot property built in the 1960s has a new owner.
Japanese Garden Mobile Estate Inc. sold the 28-unit apartment community at 3315-3316 31st Avenue North to 31st Ave N. 42 LLC for $3.61 million.
Mark Savarese Jr., Director of Multifamily Investment Sales at Franklin Street, said the team executed a deal for the seller through a competitive process, receiving over 15 written offers.
The low-rise, two-story complex built with concrete block features one- and two-bedroom units averaging 789 square feet.
The buyer took out a $2.384 million loan from Berkadia.
Clearwater apartments sell for over $28 million
The enclave at northwood clearwater, a two-phased 188-unit apartment community | facebook image
The Enclave at Northwood in Clearwater, a 188-unit luxury apartment community, has sold for $28.25 million.
The apartments, located at 2690 Enterprise Road East, were built in two phases adjacent across from each other next to the 20-acre Clearwater Enterprise Dog Park.
New Jersey-based SELA Realty Investment purchased the complex from SITRE Clearwater LLC, which acquired the community in 2021 for $39 million.
The Enclave at Northwood, built in 1984, has one- and two-story concrete block buildings with one-, two-, and three-bedroom units ranging from 811 to 1,588 square feet.
The apartments have quartz countertops, vinyl plank flooring, vaulted ceilings, stainless steel appliances, fireplaces, and screened terraces or balconies.
Residential amenities include a fitness center, two pools, a lighted tennis court, and a clubhouse.
Northmarq’s Tampa Investment Sales team of Luis Elorza, managing director, Justin Hofford, associate vice president, and associate Kevin Mosher arranged the sale.
“SELA was attracted to this opportunity due to its highly infill location within the high-income residential Northwood neighborhood in Clearwater,” Mosher said in a prepared statement.
"New ownership plans to hold the asset long-term, benefitting from its strong tenant profile and unique construction style, making it a desirable residential investment that checks all the buyer’s boxes.”
SELLA is a family-owned investment and property management firm with properties in New Jersey and Florida.
The buyer took out a $31.5 million mortgage from Raymond James Bank.
