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St. Petersburg: YMCA condo conversion continues

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YMCA condo conversion continues downtown

By Times Staff Writer

Published March 20, 2005


ST. PETERSBURG - Work has resumed on the renovation of the historic YMCA downtown and its conversion to condominiums.

The Vector Cos., which owns the building at 115 Fifth St. S, is taking out all of the windows because of the interior demolition. The missing windows have been shipped off to be restored, said Ken Heretick, president of Vector.

The openings are being covered with wood to keep out moisture. Piles of steel sitting out on the sidewalk are for the scaffolding.

Plans call for 15 units. Heretick said he had a list of about 70 people interested. Condominiums will range from 1,300 square feet to 3,400 square feet. Prices will start at $350,000 and rise to $1.2-million.

Plans drawn by the previous owner have been modified, Heretick said. His company bought the Y last year. Gary Bennett of Cortez in Manatee County bought the building in October 2002 and started work toward the conversion. He then sold to Vector.

Heretick said work on the building is taking longer because it is a historic landmark. For example, he said the windows all had to be stamped and labeled so each goes back into its former place.

Vector is spending $5.8-million to $6-million on the conversion and restoration.

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