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Title Agency of Florida

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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