The city of Pinellas Park owns two more parcels in the United Cottages Subdivision after agreeing to buy at the June 12 commission meeting. This is the parcel at 5785 75th Terrace N.
In an ongoing effort to redevelop the cityís Community Redevelopment Area, the Pinellas Park City Council approved the purchase of two new parcels in the United Cottages neighborhood at its June 12 meeting.
The council purchased 5760 75th Terrace N., which is currently owned by Fannie Mae, for $103,500, though the seller was originally asking for $114,900. The property could be split into three buildable lots.
The second property purchased was 5785 75th Terrace N. for $34,500. The property was in foreclosure and the mortgage holder agreed to a short sale.
On March 13, the city made an offer of $26,500 on the property. The seller responded with a price of $56,500, and the cityís counteroffer of $34,500 to this was accepted at the June 12 meeting.
The city currently owns two cottages and 12 vacant, buildable lots within the United Cottages subdivision. Two small businesses moved into the two cottages and held their ribbon cutting ceremonies on Feb. 19. MyDirndl, a German and Bavarian import shop, and Hoeft Music School moved into 5721 75th Ave. N. and 5741 75th Ave. N. respectively.
The structures, built to serve as business incubators, with living space for the owners on the second floor and a storefront on the first floor, previously housed a sign shop and art gallery.
Last July, the city purchased nine parcels in the United Cottages area. This means the city currently owns 13 of the 30 parcels in that neighborhood, a cluster of small homes located between 57th and 58th streets N. around 75th Terrace.
At the end of 2012, the city purchased a number of properties on and around the 5600 block commercial strip, including two that were owned by the Suncoast Haven of Rest Rescue Mission. Some of the properties are being used as small business incubators, while others have been rented out to tenants.