Gregory Bates Of GID Acquires Windsor Central Arts Multifamily In St. Petersburg For $104.5M

The multifamily asset located at 151 7th Street South in the St. Petersburg market was sold for $104,500,000. This 348-unit complex has been renamed Windsor Central Arts and features amenities such as a rooftop pool, gym, and ground-floor retail. The buyer in this transaction is GID, while the seller is Brass Enterprises. A loan of $75.3 million was secured from Walker & Dunlop to facilitate the purchase.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $104,500,000
• Buyer: Gregory Bates - GID
• Seller: Ephry Merkur - Brass Enterprises
• Lender: Walker & Dunlop
• Units: 348
• Price Per Unit: $300,287

This transaction was represented by Gregory Bates for GID and Ephry Merkur for Brass Enterprises. The deal closed on May 30, 2025, marking a significant event in the local real estate market.