To the Readers of St.Pete Rising:
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Project: Towns on Fifth
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If you follow this blog or any local news site you're probably very aware of the building boom going on in Downtown St.Pete. From apartments to condos to hotels and office there's a very strong wave of new development that is transforming downtown. Adding to the building boom is a new project: The Towns on Fifth. Located just one block from Beach Drive at 145 5th Ave NE, the Towns on Fifth is a development of 8 luxury town homes. Each unit will feature 3 floors with a rooftop terrace and a two car garage that opens to a private central driveway.
Read MoreProject: Central & 16th Redevelopment
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On 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 MoreProject: ONE St. Petersburg
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I'm a little late with this post but nonetheless I'm very excited to tell you about ONE St.Petersburg, a huge new project in the heart of downtown. ONE St.Petersburg will be a 41 story, 253 unit condo tower complemented by a garage and retail base along with a second tower featuring 174 hotel rooms.
The Kolter Group is developing this $120 million project that will likely become St.Petersburg's tallest building.
Read MoreProject: USFSP Kate Tiedemann College of Business building
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From the green benches of "God's Waiting Room" to the green and gold of the USF Bulls, USF St.Petersburg (USFSP) seems poised to expand it's role on downtown. Over the past few years there has been a lot of change on the small bay front campus including the addition of on-campus housing, a newly constructed student center, and the creation of new campus green space.
But don't expect the projects to stop there. If newly hired Chancellor Sophia Wisniewska has her way USFSP could double its enrollment to 10,000 students by 2024.
Read MoreProject Update: The Arlington
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Quick update on The Arlington where construction is progressing smoothly. The first phase, which consists of 12 of 34 town homes in the development, is currently underway and plumbing being installed now. In the next few weeks the foundations should begin being poured. Completion of phase 1 is expected in April or May of 2015.
Read MoreProject: The Salvador
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Just announced today by Smith & Associates Real Estate, the newest condo project in Downtown St. Petersburg will be The Salvador. The announcement of this project is unsurprising given that two other luxury condo projects- Rowland Place and Bliss– have had strong sales.
The Salvador will be a 13 story green certified building housing 74 luxury condo units. This project is being developed by DDA Development along with the MESH architecture group to offer 1 & 2 bedroom units from 964-1810 sqft as well as 3 bedroom, 2500+ sqft penthouse units. The location of this project is just another sign
Read MoreSundial Releases Tenant Lineup
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Last week Sundial released its tenant lineup and announced it was 90% leased. I've given the store lineup a few days to sink in and I must say that while I'm not taken aback by the stores, I am impressed. In today's retail market it takes a lot for a brand to risk opening a store, let alone in a previously failed downtown retail center.
While there isn't a famed J.Crew or an Apple store, what we got is a very diverse mix of national and local retailers, which I think is great.
St.Pete "Pocket Projects"
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Pocket parks are small parks that are accessible to the public, but they are usually very tiny in comparison to larger parks (think Central Park). However, despite their size, they can create a network of green space to help enhance neighborhoods and communities. I see smaller real estate developments the same way. These so-called "pocket projects" can enhance urban corridors and revitalize neighborhoods. Because many pocket projects lack the size and scale of larger developments they usually receive less publicity, but I think they are just as important. While there's no definition of what makes a development a "pocket project" I'm going to share a few local developments I would consider pocket projects that you may not have heard about.
Read MoreProject: Arlington Townhomes
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The Arlington
Stories: 4
Units: 34 townhomes
A new townhome project in Downtown St.Petersburg is under development a few blocks west of Mirror Lake. This 34-unit development will feature homes between 1,700-2,100 square feet. Looking at the renders it appears that each townhome will be 3 stories with a 4th floor terrace, some of which will offer striking skyline views. This project will be a great addition to downtown.
A statement from The Arlington St.Pete website:
Read MoreWe are excited to announce that The Arlington St Pete is coming soon to Downtown St Petersburg! Located at 8th Street North and Arlington Avenue North the urban contemporary community will offer thirty-four townhomes ranging in size from 1,700 to 2,100 square feet.
