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Baywalk in downtown St Petersburg was foreclosed today.

Baywalk St Petersburg FloridaBaywalk retail complex in downtown St Petersburg was offered at auction today and Wells Fargo Bank has now foreclosed and owns Baywalk. Some of the original tenants are still operating, such as Gratzzi’s restaurant, Chico’s and Muvico, and others that came later such as Shapiro’s and Grill 121.

Baywalk was instrumental in the redevelopment of St. Petersburg and we owe a great deal to the original developers. We understand it’s the plan for Wells Fargo to redevelop the property and spruce it up before actively offering it for sale.

Fred Bullard took over ownership of the property early last fall, in hopes of renewing it himself – but, the renovation loan didn’t happen, so neither did the renovations. We’ll see how Wells Fargo does at turning it around.

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