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Update on 400 Beach luxury condos in downtown St Petersburg

400 Beach luxury condos in downtown St Pete

400 Beach luxury condos in downtown St Pete

The 18 unsold condos at 400 Beach still owned by the developer when Opus South filed for bankruptcy will be owned by the lender, Wachovia Corp, which is now part of Wells Fargo, according to a news release by the Tampa Bay Business Journal.  Redus 400 Beach LLC had the winning bid of $9 million at the October 1st auction.  The deal is expected to close by October 16 and Wachovia will still have to decide if it wants to sell the units individually or in bulk. The condos range in size from 2,395 sq ft to a 7,000 sq ft penthouse.

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