With the tailwinds of a red hot downtown real estate market at its back, ONE St. Petersburg has continued to far exceeded expectations.
Since having an official grand opening event in February around 120 units have been reserved, representing sales of over $126 million. Dave Traynor, of Smith & Associates, said about a third of the reservations have come from existing St. Pete residents while another third have come from other areas in Tampa Bay. The remaining third have come from out of area buyers primarily from the Northeast and the Midwest.
Soaring over 450 feet, ONE St. Petersburg will be the tallest building in St. Petersburg and in Pinellas County. The 41-story, 253 unit condo tower, which is expected to break ground in the first quarter of 2016, will be located at 100 First Ave N. Former Mayor Rick Baker has been quoted as saying this “may be the most important block in St. Petersburg” as it represents an important connection between the thriving Beach Drive and Central Avenue corridors. The tower is part of a larger development on the 100 block of Central Avenue that will contain retail units and a 174-key yet-to-be-named Hyatt brand hotel.
New renders of ONE St. Petersburg’s largest unit have been released showing the living areas of the nearly 4,900 square foot penthouse condo. This penthouse features over 4,000 square feet of interior space and more than 800 square feet of terrace space. A unique feature of these penthouses is the completely unobstructed view – no other building in Downtown St. Petersburg reaches the heights that ONE St. Petersburg does creating a true sense of living in the sky. This 41st floor penthouse is expected to sell for just over $4 million.
Check out the new penthouse renders below, for more information on ONE St. Petersburg visit their website!