October 08, 2014

Project: The Salvador

October 08, 2014/ Anthony Close

Just announced today by Smith & Associates Real Estate, the newest condo project in Downtown St. Petersburg will be The Salvador. The announcement of this project is unsurprising given that two other luxury condo projects- Rowland Place and Bliss– have had strong sales.

The Salvador will be a 13 story green certified building housing 74 luxury condo units. This project is being developed by DDA Development along with the MESH architecture group to offer 1 & 2 bedroom units from 964-1810 sqft as well as 3 bedroom, 2500+ sqft penthouse units. The location of this project is just another sign

August 14, 2014

Sundial Releases Tenant Lineup

August 14, 2014/ Anthony Close

Last week Sundial released its tenant lineup and announced it was 90% leased. I've given the store lineup a few days to sink in and I must say that while I'm not taken aback by the stores, I am impressed. In today's retail market it takes a lot for a brand to risk opening a store, let alone in a previously failed downtown retail center.

While there isn't a famed J.Crew or an Apple store, what we got is a very diverse mix of national and local retailers, which I think is great.

March 07, 2014

Project: DRC Approves 72 Unit Condo Tower

March 07, 2014/ Anthony Close

According to the St.Petersburg Tribune, the Development Review Comission(DRC) approved a 16 story, 72 unit condo tower slated to be built on 145 4th Ave N in Downtown St.Petersburg.

The $40 million project would have 13 residential floors above a three floor parking garage.

Many neighborhood associations opposed the proposed project because they believe it is too large for the historic neighborhood. However, the Walker Whitney Plaza condo tower is less than a block away and is of similar size with 56 units on 13 floors.

To read more about the 145 4th Ave N Project click here.

February 13, 2014

PROJECT UPDATE: Rowland Place

February 13, 2014/ Anthony Close

From the Rowland Place's Facebook:

It starts with a great foundation!
Rowland Place's first concrete pour creating its solid foundation was completed last week. Now, it’s only "up" from here!
One thousand five (1,005) square yards of concrete make up the foundation at Rowland Place. The Rowland Place construction team worked 14 hours straight and the results are “rock solid.” Stay tuned to watch Rowland Place develop into the newest in Luxury Urban Living!

Rowland Place is a six story, 20 unit currently under construction near Beach Drive. Its units will sell for between $500,000 and $800,000. It is being developed by JMC Communities.