Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
Have real estate news to share? Send us an email at hello@stpeterising.com.
Read MoreNew high-rises, green space, and retail are underway in St. Petersburg’s Carillon Office Park for the master-planned Echelon City Center development.
Echelon City Center, first announced in the early 2000s, is a 20.5-acre mixed-use project being developed by Echelon, a St. Petersburg-based real estate company.
The vision of Echelon City Center is similar to Midtown, an urban neighborhood between Tampa's Westshore and Downtown districts, anchored by a Whole Foods Market and features retailers such as REI.
Read MoreYesterday, St. Pete Rising broke the news of a proposal for a 22-story luxury apartment tower at the former Onyx nightclub site in Downtown St. Pete. Today, directly west of that block, there is another proposal for a 9-story luxury rental building being developed by The NRP Group.
The NRP Group is no stranger to Downtown St. Pete. They also developed Beacon 430, which is one block south of this project. In September 2015, Beacon 430 sold for $84.5 million — which works out to around $259,000 per apartment at the 324-unit property.
Read MoreOver a thousand new residential units will be coming to Downtown St. Pete over the next couple of years. With over 15 developments either under construction or proposed, the combined impact of these projects is creating Tampa Bay’s best community to live, work, and play.
Showing confidence in the Downtown St. Pete market, investor Jeff Craft with NV Holdings is embarking on multiple projects in and around St. Pete’s urban core.
Read MoreOn the western edge of Downtown St. Petersburg lies the appropriately named Edge District, a Florida Main Street Community of shopping, dining, and living. If you haven't explored the Edge District you're missing out, they have a ton of restaurants and cool antique shops. This area has been booming and has become a unique destination.
Read MoreSt. Pete Rising is an online urban development publication covering retail, restaurants, and real estate news in St. Petersburg, FL
