New again

The Feil Organization took a bit of a gamble in 2011 when it bought the 15-building Baypoint Commerce Center.

The largely 1970s-era St. Petersburg office park looked run down from a lack of maintenance, recession-crippled tenants were leaving the park in droves, and a nationwide trend toward re-urbanization was breathing new life into Gulf Coast downtowns.

Six years and roughly $20 million in improvements later, though, Baypoint is toasting new tenants and higher occupancy. Most recently, accounting firm Spoor Bunch Franz announced late last month plans to consolidate offices from downtown St. Petersburg and Clearwater and move its headquarters to Baypoint.