Downtown St. Pete has experienced an overabundance of construction over the past three months. It's nearly impossible to walk through downtown and not run into a construction site. For starters, the demolition of the "cheese grater" building at 400 Central Ave begun. In the EDGE District, The District on 9th townhouses were announced and the site of Bainbridge 930 Central Flats started to undergo site preparation in anticipation for new apartments and retail. Also, The Chihuly Collection completed their move from Beach Drive to 720 Central Ave. We cannot wait for these projects to be complete, but for now we hope you enjoy this quarter's photo update!Read More
As Icon Residential wraps up construction on The Arlington, a 40-unit townhouse community on 8th St. N, plans for another residential development emerge. Situated just one block away on the corner of 9th St. N. and Arlington Ave., The District on 9th will bring 34 new townhouses to the burgeoning EDGE District of Downtown St. Pete.
“Demand for our high quality fee-simple townhouse product is on such high demand under a $500k price point and the Arlington unit sales were so strong that we decided to jump on the opportunity to acquire the 1 acre site on 9th St and develop another boutique townhouse community,” said Icon Residential partner Mike Bednarski.Read More
Just last week we announced a new apartment building that is slated to break ground next month in the EDGE District of Downtown St. Petersburg. This week, we’ve decided to highlight eight businesses that have recently opened their doors or are coming soon to the booming EDGE District. Which new businesses are you looking forward to?Read More
“In an urban environment, one of the biggest deterrents of pedestrian traffic is a vacant lot,” says Jonathan Daou, owner of Eastman Equity, a commercial real estate investment firm. Daou was able to recognize the EDGE District’s potential before its recent explosion in popularity.
In 2014, he purchased a 1.5 acre plot of land at 930 Central Avenue for $1.7 million with the desire to renovate the vacant, dilapidated parcels and fill the empty lots that permeated the district. Since then, Daou has amassed a significant portfolio of properties in the EDGE District with plans of turning the area into the most vibrant, pedestrian-friendly neighborhood in Downtown St. Pete.
In 2014 when Station House opened its doors, it was seen as one of the more ambitious reuse projects in Downtown St. Pete. Housed in a historic building erected in 1911, which was originally used as a fire station, a hotel called the Holland Hotel, and then a train station, Station House was seamlessly transformed into 5 floors of tech, food, co-work and pop-up space. Nearly two years after its opening, Station House’s office suites are now 100% occupied with approximately 30 people on the waiting list.
Building on their tremendous popularity, owner Steve Gianfilippo will take Station House’s success to the next level by expanding the concept into the trendy Central Arts District of Downtown St. Pete.Read More
After sitting vacant for over a decade, a long-beleaguered grass lot in the heart of Downtown St. Petersburg will finally be developed. Construction is scheduled to begin this October on the Halcyon, a 35-story apartment tower located at the corner of 1st Ave N. and 2nd St. N. A blue banner wrap advertising Manhattan Construction was erected last week on the site.Read More