On a lot that would've otherwise gone unnoticed, a new two unit development will soon be under construction. Center City Townhomes, a 3 story luxury townhome development with only 2 units, is proposed for 325 2nd St N. Each unit in this development will be 3 bedrooms with 2.5 bathrooms totaling around 2,700 square feet. Construction should begin this week and prices will start at around $1.2 million.
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 MoreA new 22-story, 244 unit apartment tower and parking garage is being proposed for a prime location in Downtown St. Pete. The new residential project will be situated on the north half of the block between 3rd St. S and 4th St. S and 2nd Ave S. and 3rd Ave S.
Currently, the property is owned by Ken Heretick of Vector Properties and was previously occupied by the crime-ridden Onyx nightclub. Vector Properties’ portion of the block is under contract to be sold to American Land Ventures of Miami, FL, who will develop the new apartment project. American Land Ventures is currently constructing the 18-story AER Apartments directly across the street from where the new ‘Onyx’ apartments will be built. The AER Apartments are scheduled to be complete by March 2016.
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 MoreDowntown St. Pete’s newest residential community will bring a bit of northeast charm to the Sunshine City. The Brownstones St Petersburg will pay homage to an architectural style found frequently in cities such as Chicago, Boston, and New York City. Located on the corner of 4th Ave N and 1st St N, these new homes will be only one block away from the popular Beach Dr. and at the site of formerly proposed condo project Maranatha by the Bay.
Read MoreWith 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.
Read MoreFor years, Tampa has arguably had a better selection of dining options than its brother across the bay, St. Petersburg. Jason Ruhe and Hope Montgomery opened Brick and Mortar to the public last week, simultaneously elevating St. Pete’s culinary game.
The restaurant and catering company is located at 539 Central Avenue in Downtown St. Pete, taking over the parcel previously vacated by St. Pete Brasserie in September 2013. Holding 50 people inside and 17 on the patio outside, the space feels very intimate.The decor is flush with rustic charm.Raw unfinished wooden tables are lit up by vintage light fixtures hanging from the ceiling and natural sunlight spilling inside from the floor-to-ceiling windows.
Read MoreDuring the past year, over twenty businesses have opened in the blossoming EDGE District of downtown St. Petersburg.And in a few days, The Blue Goose will join Green Bench Brewing, The Amsterdam, The Bends, and more in what is becoming a new hub for nightlife.
“It started out as a whiskey bar.Now we are going to do craft cocktails and a good selection of beer. We are not going to be a whiskey bar, but we will have an above average selection of whiskey and scotch,” says Alex Gahhos, co-owner along with Dan Wing.
Read MoreThis Monday, your new favorite local eatery will open in the Grand Central District of St. Petersburg: Pom Pom’s Teahouse and Sandwicheria.This marks Pom Pom’s second location, the other being in Orlando, where it enjoys a cult-like following.
Walking into the brand new location, it quickly becomes apparent that this isn’t your average sandwich and tea shop. You are immediately greeted by bright green and orange floors and royal blue walls adorned with local art.
Read MoreWith the hustle and bustle of Downtown St.Pete's residential real estate market, you may never notice the impact that the boom is having on downtown's office market. Over the past few years Feldman Equities, led by CEO Larry Feldman, and their partners, have been making their mark on Downtown St.Pete's office scene by scooping up underperforming office buildings.
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