Ascent St. Petersburg, a 36-story mixed-use building currently under construction in downtown St. Pete, has topped out.
The project, which is located at northwest corner of 1st Avenue North and 2nd Street, is being developed by Greystar Real Estate Partners and will feature 357 apartments along with a 172-key AC Hotel by Marriott.
Read MoreThe latest edition of Aerial St. Pete shows the progress on several downtown high-rise developments. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with Anthony Bove at AB3 Visuals.
In this article we are taking a look at five projects in downtown St. Pete which are in various stages of construction. Some are in the demolition stage while other are topped out and closer to completion. These projects include: 334 Apartments, Residences at 400 Central, Ascent St. Petersburg, Saltaire, and Orange Station. We look forward to following these projects as they grow closer to completion.
Read MoreThe latest edition of Aerial St. Pete shows the latest progress on several downtown developments. Aerial St. Pete is a quarterly column by St. Pete Rising which features exclusive aerial photography of projects under construction in downtown St. Petersburg, FL. To accomplish this, we team up with Anthony Bove at AB3 Visuals.
This quarter we are taking a look at six projects in downtown St. Pete which have all broken ground in the past year. These include: 334 Apartments, 357 Apartments, Ascent St. Petersburg, Domus Urbana, Saltiare, and The Metro.
Read MoreThe latest edition of Aerial St. Pete shows some of the early progress on several downtown developments. Aerial St. Pete is a quarterly column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with Anthony Bove at AB3 Visuals.
This quarter we are taking a look at five projects in downtown St. Pete which have all broken ground in the past year. These include: 334 Apartments, Ascent St. Petersburg, Domus Urbana, Driftwood on Central, and Saltaire.
Read MoreAscent St. Petersburg, a 36-story mixed-use building planned for the northwest corner of 2nd Street and 1st Avenue North in downtown St. Pete, took a huge step forward last Friday. The developer of the project, Greystar Real Estate Partners, simultaneously closed on the land and two construction loans.
The 1.26-acre tract of land sold for just under $15.1 million, or about $12.0 million per acre. The transaction represents one of the highest prices per acre ever paid for land in downtown St. Pete.
The recent record price for land in downtown belongs to Kolter Group for their purchase of a parking lot next to the Hilton St. Petersburg Bayfront hotel. That sale, which occurred in October 2019, hit $12.2 million per acre. Saltaire, a 35-story condominium tower, is currently under construction on that site.
One day after Greystar closed on the land for Ascent, a fence was erected around the perimeter of the site, which is situated adjacent to the 16-story Duke Energy building and across the street from the Jannus Block, downtown’s hub for nightlife. Site preparations have already begun, and vertical construction is slated to ramp up in the new year.
Read MoreSt. Pete Rising is an online urban development publication covering retail, restaurants, and real estate news in St. Petersburg, FL
