February 1, 2025

BayCare Health System Expands Its Facilities in St. Petersburg

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News Summary

BayCare Health System has significantly expanded its operations in St. Petersburg by acquiring two former Barnes & Noble locations. The recent $10 million acquisition at 2501 Tyrone Boulevard N, along with an earlier purchase, is part of BayCare’s commitment to enhance community health services. These investments are backed by substantial financing to facilitate the transformation of these spaces into vital healthcare facilities, showcasing BayCare’s dedication to improving healthcare access in the Tampa Bay area.

BayCare Health System Expands Its Reach in St. Petersburg and Tampa

St. Petersburg is buzzing with the exciting news that BayCare Health Systems, Inc. has recently made some significant property acquisitions. On January 29, the health system closed the deal on a $10 million purchase for a property that has housed a Barnes & Noble at 2501 Tyrone Boulevard N.

Located just across the way from Tyrone Square Mall, this one-story commercial building spans 15,846 square feet and sits on a generous 2.04-acre parcel of land. It has been part of the St. Petersburg landscape since 1993, proudly built by JWH Properties Inc. This acquisition has a double significance; it marks BayCare’s second purchase of a shuttered Barnes & Noble location. The first, purchased in September 2023 for $10.5 million, is set to transform into a primary care facility, which is projected to open in 2026.

Investing in Community Health

In a move that reflects the ongoing commitment to enhancing community health, BayCare’s plan is to repurpose these larger-scale spaces into essential healthcare locations. What’s even more exciting? Just last August, the health system secured a remarkable $1.9 billion financing plan to fund their various ongoing projects throughout the Tampa Bay area. This investment demonstrates BayCare’s pledge to not just expand its footprint, but also improve access to vital healthcare services.

Local Real Estate Trends

But that’s not all happening in St. Petersburg. The local real estate market continues to thrive, with several notable property transactions occurring recently. Renowned architect, Rick Rados, is parting with his stunning two-story waterfront home in Treasure Island, listed at $1.825 million. This contemporary build, found at 6 Treasure Lane, boasts 1,440 square feet and is specially designed to weather category 4 hurricanes—a crucial feature considering Florida’s stormy history.

In another exciting update, Ronald G. Wanek, the mastermind behind Ashley Furniture, made headlines with a recent property acquisition at 1777 Brightwaters Boulevard NE. He purchased this prime piece of St. Petersburg real estate for $5.45 million. Wanek is no stranger to the area, as he has previously acquired properties in the neighborhood, including one next door to this latest purchase.

Apartment Complex and Estate Listings

The momentum doesn’t stop there. The Ashford Bayside apartment complex, offering 189 units in Kenneth City, sold for $24.835 million. This impressive complex comes complete with modern amenities such as a pool, playground, and even a dog park, ensuring it meets various lifestyle needs.

In Seminole, a sprawling three-story estate has hit the market, priced at $3.25 million. With an impressive 7,198 square feet of living space, this luxurious home features a heated pool and access to a community dock, making it a prime find for potential homeowners.

Meanwhile, an intriguing business opportunity awaits in Largo, where a combined 4,887 square-foot auto shop and restaurant is listed for $875,000. This unique offering includes both options, making it a great investment for aspiring entrepreneurs.

Rising Property Values

As property values continue to soar, the average home price in St. Petersburg is now around $386,052, reflecting a wider trend of increased competition within the local real estate market. With so much happening, it’s a great time to keep an eye on what’s going on in the community as it evolves!

All in all, the recent developments highlight a vibrant economic landscape in St. Petersburg and Tampa, providing exciting growth opportunities for residents and investors alike!