42-story condo tower Art House breaks ground in downtown St. Pete
/Four months after launching sales, downtown St. Pete’s newest luxury condominium tower, Art House, has broken ground. A small group of people gathered at 235 1st Avenue South this morning to celebrate the milestone.
Art House will be constructed on a surface parking lot next to 200 Central, the tallest office tower in St. Pete. Kolter Group purchased the 0.4-acre site for $20.45 million in December, which translates to a record-breaking $50 million an acre.
Delray Beach-based Kolter Group also developed ONE St. Petersburg and the downtown St. Pete Hyatt Place and is in the process of finishing up another luxury condo tower, Saltaire, which topped out a few weeks ago.
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