Construction has begun on The Nolen, a 23-story condominium tower slated for 126 4th Avenue Northeast in downtown St. Pete.

The boutique condominium building will feature 31 residences and will be 288 feet tall. The project is being spearheaded by Tampa-based DDA Development, which is led by Bowen Arnold and John Schilling.

DDA is partnering with Ellison Construction of Tampa to build the condominium tower. Ellison Construction’s experience includes other notable projects such as Oxford Exchange and the Stovall House in Tampa.

The Nolen, a 23-story condominium tower approved for 146 4th Avenue Northeast in downtown St. Pete, has taken several major steps toward an anticipated groundbreaking.

The boutique condominium building will feature 31 residences and will be 288 feet tall. The project is being spearheaded by Tampa-based DDA Development, which is led by Bowen Arnold and John Schilling. The company recently announced that they have secured construction financing and that the building is nearly 50% sold.

“The sales pace has exceeded expectations, which allows for The Nolen to move ahead of schedule and towards construction," said DDA Principal Bowen Arnold.

The developers behind The Nolen, a 23-story residential tower planned for 146 4th Avenue Northeast in downtown St. Pete, have revealed additional information about the project as it moves closer to reality.

DDA Development, which is led by Bowen Arnold and John Schilling, has announced that sales for the project is expected to begin in November. Smith & Associates Real Estate is the exclusive broker for the project.

On Tuesday, St. Pete’s Development Review Commission approved the site plan to construct The Nolen, a 23-story condominium tower planned for 146 4th Avenue Northeast in downtown. The Nolen is being developed by Bowen Arnold and John Schilling at DDA Development. The luxury condominium building is expected to have 31 units and will be 288 feet tall.

The property is currently occupied by two structures and a surface parking lot. One of the structures was built in 1912 and operates as the Watergarden Inn at the Bay, a bed & breakfast, and was designated a historic structure in 1994.

As part of the redevelopment, the structure will be moved to a vacant lot at the northeast corner of 8th Avenue North and Dartmoor Street North in Uptown. The lot is less than a mile away from the current location.