On behalf of their client, Amanda Buffinton and Matthew Blackshear, partners in Shutts & Bowen LLP’s Tampa office, recently facilitated the record-setting purchase of a luxury penthouse property on Bayshore Boulevard for $7.2 million – the most expensive condominium sold in Tampa to date.
According to the Tampa Bay Times, luxury units on Bayshore Boulevard are some of the priciest in the region. The penthouse sold for nearly 40 percent more than the original listing price due to custom modifications by the buyer. Amanda was responsible for negotiating construction of the modifications to the property on behalf of the client, Tampa Bay Holdings, LLC. Both Amanda and Matthew then represented the client throughout the acquisition including managing the closing process, which occurred on September 1, 2021.
The three-story, five-bedroom, five-bathroom home is currently the largest condominium in Tampa and part of The Sanctuary at Alexandra Place on Bayshore Boulevard, a luxury tower next to Fred Ball Park. The sale of the 7,366 square foot penthouse beat the previous record of the sale of a $6.9 million unit in Virage Bayshore.
To read more about this transaction, click here.
About Amanda B. Buffinton
Amanda B. Buffinton is a partner in the Tampa office of Shutts & Bowen LLP, where she is a member of the Construction Litigation Practice Group. A Martindale Hubbell AV® Preeminent™ rated attorney, Amanda is also Board Certified in Construction Law by The Florida Bar. Amanda specializes in the litigation and arbitration of complex claims related to professional negligence and design errors and omissions. She also regularly represents design professionals, contractors, owners and developers in various types of construction disputes including claims related to landfills owned by electric generation facilities, storm water systems, retail structures, roadways and bridges, hospitals, municipal wastewater treatment facilities, warehouse structures, large condominium and multi-family structures, and sinkhole remediation design. She has also successfully represented clients in construction claims involving personal injury and death, federal investigations relating to the False Claims Act, delay and acceleration damages, bond and lien issues, professional licensure, building code violations and ADA violations.
About Matthew T. Blackshear
Matthew Blackshear is a partner in Tampa office of Shutts & Bowen LLP, where he is a member of the Real Estate Practice Group. Matthew focuses his practice in the areas of commercial real estate acquisition, finance, development, leasing, and title and survey matters. He also handles general business matters, including the purchase and sale of assets and businesses, mergers and acquisitions, entity formation, commercial contracts, corporate compliance and confidentiality matters. He has significant experience representing lenders and borrowers in commercial real estate matters and asset-based financings from both a transactional and litigation perspective. Matthew also has wide-ranging experience in commercial loan foreclosures, receiverships, workouts and restructurings, as well as construction litigation.