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Nick Ekonomou

Title company’s mistake killed downtown St. Pete YMCA deal, music promoter says

in The Bay and the 'Burg/Top Headlines by

Music promoter Thomas Nestor had big dreams: He’d buy the historic YMCA building in St. Petersburg, save it from destruction and convert it to a concert venue, music museum and hotel. He and VPC 3, II, LLP, the owner of the property, struck a deal. Nestor would buy the building at 116 Fifth St. S, for $1.4 million. He proceeded to make installment payments but the deal fell through in July 2014 when he did not come up with the…

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St. Pete’s downtown YMCA to be remade as boutique hotel

in The Bay and the 'Burg/Top Headlines by

Plans to reinvent the long-shuttered YMCA in downtown St. Petersburg have begun. Owner Nick Ekonomou announced his purchase of the Mediterranean revival-style building in November and is working on the building’s exterior to prevent further damage to the historic structure. The Y is set to become a boutique hotel and event space. Now Ekonomou is making plans to erect another building in between it and the Tampa Bay Times building. He plans a nine-story luxury apartment building complete with a…

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