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W. Pine Street nightclub building sold for $1.25M, resale planned by buyer

Highlighted in blue, the building at 17 W. Pine St. that has been home to nightclubs was recently acquired via foreclosure, and will be resold.
Highlighted in blue, the building at 17 W. Pine St. that has been home to nightclubs was recently acquired via foreclosure, and will be resold.(Orange County Property Appraiser)

A two-story commercial building in downtown Orlando that formerly housed Liquid nightclub has been bought for $1.25 million by Katsur Mortgage Holdings, an affiliate of Dr. James T. Katsur, owner of Katsur Management Group and principal of Greenberg Dental and Orthodontics.

Located at 17 W. Pine St. (also addressed at 13 W. Pine), the 90-year-old building boasts 11,524 square feet and lies less than a block west of S. Orange Avenue. Katsur Mortgage was the second mortgage holder on the property and had a protected position in a foreclosure sale held within the past few months. A certificate of sale was executed in mid-October.

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Orange County's Clerk of the Circuit Court signed over certificate of title for the property to Katsur Mortgage Holdings on Dec. 4.

The new owner has no interest in developing or using the property, and should turn it soon for resale, Stephen M. Stone, local attorney for Katsur, told GrowthSpotter on Wednesday.

"We just got the certificate of title for the property, and I have been contacted by several people interested (in buying the building)," he said.

The property is currently occupied by ICE Orlando nightclub, a tenant that Katsur and his attorney have been attempting to evict. They have a motion for a writ of assistance, with a hearing set for Dec. 23 in Orange County court, Stone said.

The property was formerly owned by 17 West Pine LLC, of which Chris Weising was the principal owner. The property owner had been embroiled in a foreclosure judgment, Chapter 11 bankruptcy filing and foreclosure sale process since 2014, the Orlando Sentinel reported last November.

Calls to Dr. Katsur's office were not returned on Wednesday.

Have a tip about Central Florida development? Contact me at bmoser@growthspotter.com, (407) 420-5685 or @bobmoser333. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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