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• Life & Culture

Bill Edwards event space The Club at Treasure Island has closed

• Sharon Kennedy Wynne Times staff

A terse message on its Facebook page announced that The Club at Treasure Island, a former yacht club bought by businessperson and music producer Bill Edwards in 2009, is now “permanently closed.”

Edwards said in a phone interview that he was “tired of losing money” and that he has sold the club. The deal is still in the process of closing, so he declined to reveal the buyer or the selling price. He said he doesn’t know if the new owners will reopen the club, but he said the marina is still in operation. Future events such as weddings “are taken care of,” he said.

Edwards, 78, made his money as a mortgage lender, though that business has fallen on rough times. He gained a high profile in the community as a music producer, owner of the Sundial entertainment plaza, former owner of the Tampa Bay Rowdies, manager of the Mahaffey Theater and a prominent donor to political and civic causes.

It was at the height of this higher profile that Edwards rescued the former Treasure Island Tennis and Yacht Club from bankruptcy in 2009. He had hoped to add a second building and ballroom but said he ran into numerous hurdles from the city and withdrew. His recent plans to add condominiums around the club also ran into roadblocks, leading him to put the place up for sale. Edwards is now suing the city over his failed condo plans.

Edwards still revamped the club, bringing in top chefs and offering yachting from 41 boat slips, tennis, WaveRunner rentals, a fitness center and a swimming pool that held a weekly Sunday afternoon pool party with live music. He brought in entertainers such as Jon Secada, the Commodores, Ben Vereen, Wayne Brady, Kevin Nealon and Paul Reiser. He had dreams of turning it into the first major beachside concert venue in the area.

“Dreams don’t always come true,” Edwards said Wednesday. He lost close to $20 million since he bought it 14 years ago, he said. “That’s $20 million I wish I still had, believe me.”

Edwards sold his interest in the Sundial complex on the 100 block of Second Avenue N in St. Petersburg in early 2022 for $27.5 million. And in 2020, Edwards put up his 1.73-acre compound on Brightwaters Boulevard to sell two neighboring homes for $19.9 million.

Having divested his mortgage company and his bigger real estate properties, Edwards said his primary focus will now be his nonprofit Bill Edwards Foundation for the Arts and the running of the Mahaffey Theater.

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On Monday, the club posted on its Facebook page : ”Well friends, it’s been reelz. Thanks to all who came out and made our last day so awesome. The Club at Treasure Island is now permanently closed.”

Some of the fans of the Sunday pool party were dismayed by the sudden message that offered no further explanation.

“Literally, just two days ago, they’re promoting people coming out for live music, pool, etc.,” wrote Melissa Stiles. “I’m so sad about this!”

Treasure Island Mayor Tyler Payne said he has fond memories of the club, having grown up in the beach town.

“As kids, that’s where we hung out every Friday night,” Payne said. “It’s sad to see a staple of the city closing. I just hope that something good will come of it and we’ll get a club again.”

Sharon Kennedy Wynne is a reporter covering events, things to do and family experiences through the region. Reach her at [email protected].

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Yacht Club Bar

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Rum elixirs for seafarers and landlubbers alike!

The Las Vegas Yacht Club seafood restaurant bar offers specialty rum cocktails including the LVYC Muddled Mojito, Very Berry Mojito and Mango Chili Mai Tai. Enjoy a refreshing beverage while playing video slots, viewing the live sports action on our LED TVs, or over looking all the casino action at Treasure Island.

Featuring: Rum Mojitos & Tropical Cocktails

Average Check: $35 per person

Dress Code: Semi Formal, Resort Chic

Location: Next to Golden Circle Sportsbook

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Bar:   Wed - Sun | 4:00 p.m. - 11:00 p.m.

Restaurant: Wed - Sun | 5:00 p.m. - 10:00 p.m.

* Closed Dec. 18-26, 2023

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Details emerge on TI Yacht Club’s latest sale

The Treasure Island Yacht and Tennis Club has sold for the second time in less than five months since St. Petersburg business mogul Bill Edwards abruptly closed its doors in August 2023.

Andrew Tavakoli, CEO of West Hollywood, California-based Tavaco Companies, now controls the 7.76-acre waterfront club and marina at 400 Treasure Island Causeway. He acquired the property from TIY & TC LLC , an entity connected to Bank OZK executives Michael Atkins and Rhonda Clark.

John Burpee, CEO of Seminole-based John Burpee & Associates , represented Bank OZK in the latest transaction. The firm also managed the property after the bank took control.

While Burpee could not disclose the purchase price, he said Tavaco closed on the property Dec. 29. “They were an all-cash, fast-close buyer that could close in the bank’s timeframe,” he told the Catalyst .

“The property was previously under contract with a local developer,” Burpee said. “And then that developer defaulted on the contract. There’s still ongoing litigation on that issue.”

TIY & TC purchased the club from Edwards for $15.1 million in August. Bank OZK created the special assets entity to hold the property title.

Burpee’s firm has managed the marina since August. The Yacht Club has remained closed.

Tavakoli could immediately be reached for comment.

John Burpee, CEO of John Burpee & Associates, called the Club at Treasure Island a 37,000-square-foot albatross due to building restrictions. Image: Facebook.

According to Tavaco Companies’ website , Tavakoli began investing, renovating, managing and leasing apartment buildings in 1987. The company boasts extensive experience in nonperforming loans, value-added investments and repositioning projects, with over $2 billion in transactional volume.

The 36,966-square-foot club features a wraparound pool and sundeck, a tiki bar, a full-service restaurant, a 47-slip marina, six tennis courts, a fitness center and a venue for weddings and private events. While the facility was initially for members only, management opened it to the public in recent years.

Burpee is unsure of Tovaco’s plans for the club. However, he explained that the property is undevelopable.

“The property is maxed out on density because it was developed with the two condos next door,” Burpee said. “You can’t go in there and build 100 condo units … we’ve explored all that.”

While he noted that a developer could build eight single-family homes on the property, Burpee said the “economics don’t work for that.” He believes Tavaco will assess the facility’s value and explore future uses before deciding on the club’s future.

Edwards purchased the club in 2009 after securing a $15 million mortgage loan. It was amended to $24 million in March 2020.

The loan matured in late 2022, and Edwards filed a lawsuit against the City of Treasure Island that November due to an ongoing zoning dispute. He filed for Chapter 11 bankruptcy protection the next month.

In December 2022, Edwards told the Catalyst it “was the right business decision” after “coming out of the pandemic and facing challenges with local government.” Real estate and debt solutions provider Mission Capital announced it sold Edwards’ $15 million loan in early 2023.

However, the club’s social media channels showed crowds of young people frolicking around The Club at Treasure Island’s expansive pool deck throughout the spring and summer of 2023. It would abruptly close its doors on a Monday morning in August.

“There was some bad zoning that happened in 1981 that made it really difficult to get the most out of the property,” Edwards said in an August 2023 interview. “We tried to make it work, but the zoning error was too much to overcome, and we decided to move on.

“It was a wonderful place while it lasted. We had a lot of fun and built a great community – but ultimately, it was at my expense.”

Burpee called the facility a great asset. He also noted that Florida statutes prevent local governments from increasing density on barrier islands.

Burpee said the nearly eight-acre parcel, the largest on Treasure Island, is “sitting useless.” While he said the marina is at capacity and has a waiting list, Burpee called the club a “37,000-square-foot albatross that you have to find a use for.”

“Yacht clubs are kind of a dying breed in today’s market, depending on where they are located,” he added. “The marina is not the problem. The problem is the uplands and not being able to do anything with the land.”

russell breed

January 27, 2024at4:59 am

This article was incorrectly posted to the Treasure Island Yacht Club (San Francisco) Facebook page.

Gwen Swinburne

January 9, 2024at7:48 pm

Exclusive boutique hotel. Great location,near beach, restaurants, and shopping.

Smart architect can redesign 37,000 Sq ft into small plate breakfast and lunch Cafe and rest into many hotel rooms.

January 9, 2024at7:23 pm

Why not turn it into a boutique exclusive hotel.The setting is great, close to the beach,and restaurants. A pool is already in place and a restaurant that could be resized to a much smaller venue offering small plate breakfast and lunch.

With resizing you should be able to maybe have 30 rooms. A smart architect maybe could figure even more.

With a little redo of 37,000 Sq ft. You could end up with small hotel rooms,

John Hendricks

January 9, 2024at5:27 pm

The City of Treasure Island should have used some common sense and bought the property for a city hall. The building is turnkey with only needing partitions put up for individual offices. It would have given the city a community pool, tennis courts, marina and room underneath for a police/fire department. There is also plenty of parking. The City has spent $14,000,000 on a building right on the Gulf of Mexico that is susceptible to storms. The “Club” property would have moved administration, police, fire department and public works out of harm’s way in the event of a major storm. The old City Hall property could have been converted into parking the would have generated revenue which is desperately needed in Treasure Island. One thing the City of Treasure Island needs is some common sense on it’s Commission and in it’s administration.

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The Hunt for Red October

An island with a famous chocolate factory becomes Moscow's newest hot spot.

In the 230 years since its creation, Moscow’s manmade island of Bolotny has vacillated between the glamorous and the glum, variously housing the British ambassador’s residence, a jumble of warehouses, a posh yacht club, and, most famously, the Red October Chocolate Factory, a fragrant landmark for much of the 20th century. In 2008 Red October moved outside the city; later that year, its cavernous headquarters was colonized by heiress Maria Baibakova’s nonprofit exhibition space, Baibakov Art Projects, which established the island as an art-world hot spot. Baibakova has since moved on, but the city’s young and fashionable continue to arrive in droves to dance, dine, gallery-hop, and take in the stellar views of the Moscow skyline. Here, a few of their favorite haunts.

Rai, a gargoyle-bedecked nightclub, can hold up to 2,500 people—and the line outside can seem just as long thanks to its merciless feis kontrol, the process of screening patrons for attractiveness and wealth. Those who do make it inside will find blasting techno, lasers bouncing off mirrored walls, and mermaids and fire-breathers for entertainment (7.495.364.01.01, raiclub.ru” target=”new”>raiclub.ru). Nearby is Rolling Stone Tattoo & Bar , a club where the feis kontrol is a bit more forgiving and the music substantially more eclectic (7.495.504.09.33, rstattoo.ru ).

Created to educate the next generation of architects and designers, the Strelka Institute opened this past May in what used to be Red October’s candy store and garage. Its one-year master’s program, which kicks off this month, was designed in part by Rem Koolhaas, who will visit bimonthly to teach. Students and nonstudents alike can watch films and listen to lectures in the outdoor amphitheater. The restaurant (pictured), which overlooks the gold onion domes of the Cathedral of Christ the Savior, offers fruit-studded bulgur and Thai shrimp soup. The downstairs bar serves high-end cocktails, still a novelty in this vodka-loving town (7.495.771.74.37, strelkainstitute.com ).

PICK A FIGHT

Located up a flight of dusty stairs in one of Red October’s old factory buildings, the October Boxing Club (pictured) boasts a clientele that includes some of Russia’s most famous TV personalities. Every day after work, a steady stream of Merrill Lynch and Deutsche Bank traders shows up to beat the stress out of one another (7.499.995.07.97, bcoctober.com ).

GET AN EYEFUL

Within the walls of Red October (pictured), a number of gallerists are picking up where Baibakova left off. Pobeda Gallery, which helped host this summer’s Biennale for Young Art, shows cutting-edge contemporary photography (7.495.644.03.13, pobeda gallery.com). Mel Space often stages street-art exhibitions in a stark loft (7.499.230.31.09, melspace.ru ). Known for displaying Soviet art from 1920 to 1960, the newly relocated Art Agency Colony is branching out with an exhibit of lush, blurry works by contemporary artist Igor Kormyshev (7.499.788.62.28, no website).

UFI approval for Moscow Boat Show

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• Yacht Charter & Superyacht News >

Written by Zuzana Bednarova

September 17 was marked by meeting of the UFI Executive Committee. During the event, the Committe approved the admission of Crocus Expo IEC as a full member of UFI in categories of “Exhibition Organizers” and “Exhibition Centres. Moscow Boat Show has been granted the status of “UFI Approved Event”.

Moscow Boat Show

UFI, The Global Association of the Exhibition Industry is the association of trade show organizers, fairground owners, national and international associations of the exhibition industry, and its partners. As of 2012, it has 608 members in 224 cities from 86 countries covering 6 continents. The association members are responsible for the management and operation of over 4 500 profile events. The association represents more than 1 000 000 of exhibitors and more than 150 000 000 visitors.

The Crocus Expo Exhibition Centre is a listed member of the International Association of Congress Centres (AIPC), the Russian Union of Exhibitions and Fairs, the Guild of Exhibition and Fair Operators by the Moscow Chamber of Commerce and Industry. Donald Tramp fund has awarded Crocus Expo IEC Diamond Excellence Award.

Crocus Expo IEC is an ideal venue for running of large international and national exhibitions of different profile including congress events, conferences and scientific symposiums.About 50% of all exhibition events of Moscow take place in Crocus Expo and average exposition space load comprises 85%.

Moscow Boat Show provides the perfect platform from which to preview new products, evaluate market trends, and establish long-lasting and commercially profitable partnerships. Despite the dynamic changes taking place in Russia and the rapid growth of the yachting sector, the show continues to complement and reflect the industry’s demand and is a promotional opportunity not to be missed!

The exposition space will increase up to 45 000 sq m in 2013. More than 350 Russian and foreign companies will participate in the show. The scale of the project confirms confident positions of its positive development.

Moscow Boat Show is the largest project in Russia presenting all the best in the world of yachting. The exhibition annually shows high level of attendance and has already proved as significant and noteworthy event in the world of yachts and boats.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "UFI approval for Moscow Boat Show".

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Treasure Island Yacht Club

On treasure island.

Many of our visitors ask about places to go and things to do on Treasure Island. We’ve collected a few local links and other resources for folks interested in exploring further afoot on the island.

Things to See & Do Treasure Island Museum Association Forgotten Murals from the 1939 World’s Fair Treasure Island Sailing Center Treasure Island Wines The Winery SF Vodka Distillery

Events San Francisco International Dragon Boat Festival Treasure Island Music Festival

Services Treasure Isle Yacht Harbor Treasure Island Bus Service to San Francisco (#108) Treasure Island Bar & Grill Island Market & Deli

History Treasure Island Wikipedia Article Treasure Island Timeline

Opinions Treasure Island, as reviewed by Yelp.com contributors

TIYC Event Calendar

Events in march–april 2024, new clubhouse location.

We’re open in our new location! The TIYC clubhouse has moved to Building 1 on Treasure Island, above the Island Market.

[email protected] (415) 434-4475

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