35-story Saltaire condo tower breaks ground in Downtown St. Pete
/Amid the fanfare of the coronavirus pandemic, a significant project in Downtown St. Pete has taken steps toward becoming a reality. Saltaire, a 35-story condominium tower proposed for 300 1st Street South, recently announced it has broken ground on the site of the former parking lot of the Hilton St. Petersburg Bayfront Hotel.
Back in October 2019, Ashford Hospitality Trust, the owner of the Hilton Bayfront, sold the hotel’s 1.65 acre parking lot to KT St. Pete Bayfront, LLC for $17.5 million. KT St. Pete Bayfront, LLC is controlled by the Palm Beach County real estate development firm Kolter Group which is developing Saltaire.
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