Prominent developer purchases over four acres in St. Pete Beach, plans mixed-use condo project

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Prominent developer purchases over four acres in St. Pete Beach, plans mixed-use condo project

Delray Beach-based real estate developer Kolter Urban has acquired 4.5 acres of waterfront property on St. Pete Beach, with the intention of developing a mixed-use residential project on the site.

Kolter has developed numerous condo towers in downtown St. Pete, including ONE St. Petersburg, which opened in 2019; Saltaire, which opened in 2023; and the upcoming Art House, which is on track to debut in 2025.

On Monday, Kolter paid $9.85 million for a vacant property at the east end of Corey Avenue that was previously slated to be developed into Corey Landing, a 243-unit apartment community with restaurants, shops, a park, and boat docks.

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49-story Waldorf Astoria Residences approved by St. Pete development commission

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49-story Waldorf Astoria Residences approved by St. Pete development commission

Shovels may hit the ground in the future for the 49-story Waldorf Astoria Residences in downtown St. Pete, which would become the city's first hotel-branded luxury condominium.

During a Tuesday Development Review Commission meeting, commissioners unanimously approved the site plan, floor area ratio bonuses, and a building height bonus for the massive tower that would rise at 150 2nd Avenue South.

With the new approval of the DRC and recent passing from the City Council acting as the Community Redevelopment Agency, the team will need additional approval from the Federal Aviation Administration (FAA).

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Upscale seafood restaurant Sea Salt to close after nearly a decade in downtown St. Pete

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Upscale seafood restaurant Sea Salt to close after nearly a decade in downtown St. Pete

Downtown St. Pete staple Sea Salt, an upscale Venetian-inspired seafood restaurant, will permanently close by the end of the year after nearly a decade in business.

Located at 183 2nd Avenue North in the Sundial shopping plaza, the restaurant will serve its last meal on December 31st, according to an announcement from the owners and husband-and-wife Ingrid Aielli and Chef Fabrizio Aielli.

The owners of Sundial are not wasting any time filling the soon-to-be empty space. In a conversation with St. Pete Rising, a representative from Paradise Ventures hinted that discussions are ongoing with a replacement tenant for the Sea Salt space and stated, “good things are in the works.”

As for Sea Salt, the owners sent out an email to their customers stating, “The past 10 years have been nothing short of amazing.”

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New indoor pickleball facilities are coming to St. Pete

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New indoor pickleball facilities are coming to St. Pete

Tampa Bay pickleball enthusiasts will soon have more indoor courts to choose from as a growing pickleball club franchise has inked a deal to expand to the Sunshine City.

St. Pete residents Kevin and Lisa Goettel have signed on to bring Dill Dinkers, a Columbia, Maryland-based chain of pickleball clubs, to Pinellas County.

Founded in 2022 by pickleball enthusiasts Will and Denise Richards (no, not that Denise Richards), Dill Dinkers was born from the founders’ frustration with weather-related disruptions, long wait times, and mixed-use facilities that were not ideal for pickleball play.

The local husband-and-wife team plan to open at least 10 Dill Dinkers pickleball clubs throughout the county, spanning from St. Petersburg to Tarpon Springs.

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Cinnaholic gourmet cinnamon rolls coming to 4th Street North

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Cinnaholic gourmet cinnamon rolls coming to 4th Street North

Cinnaholic, a vegan bakery franchise specializing in customizable gourmet cinnamon rolls, is expanding in Tampa Bay with its first St. Petersburg sweet shop.  

The Berkeley, California-based franchise will open a 1,225-square-foot shop at 5250 4th Street North in a space previously occupied by Nutrishop, which relocated to 10338 Roosevelt Boulevard North in the Ibis Walk Shopping Center.

An opening date has not yet been announced.

Cinnaholic, which has a South Tampa location, serves "create your own" cinnamon rolls with over 20 frosting flavors and more than 20 topping choices to select from.

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Done Deals: Big Lots to close St. Pete stores, Dispensary replaces art gallery, Sundial signs another lease

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Done Deals: Big Lots to close St. Pete stores, Dispensary replaces art gallery, Sundial signs another lease

Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.

Have real estate news to share? Send us an email at hello@stpeterising.com.

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49-story Waldorf Astoria Residences condo tower preliminarily approved for downtown St. Pete

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49-story Waldorf Astoria Residences condo tower preliminarily approved for downtown St. Pete

The St. Petersburg City Council, acting as the Community Redevelopment Agency, has approved preliminary plans for the 49-story Waldorf Astoria Residences at 150 2nd Avenue South in downtown St. Petersburg.

The council unanimously voted to advance the project, following discussions on hurricane preparedness, crane safety protocols, and pushback from residents of the neighboring Saltaire condo tower. These concerns were highlighted by a recent crane collapse at the nearby 46-story Residences at 400 Central construction site. 

The Waldorf Astoria Residences will be St. Petersburg’s first hotel-branded luxury condominium, offering 164 residential units. The development will also feature approximately 63,251 square feet of Class A office space and 14,398 square feet of ground-floor retail.

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Brewed Awakening's cold brew coffee bar and bottle shop debuts in Historic Kenwood

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Brewed Awakening's cold brew coffee bar and bottle shop debuts in Historic Kenwood

A Cuban-style cold brew coffee bar quietly debuted this morning in the Historic Kenwood neighborhood of St. Pete.

Brewed Awakening’s, known for its fun flavors and infused coffee cocktails, has opened inside Cybel, a new French Moroccan restaurant, at 2735 5th Avenue North.

“Brewed Awakening’s at Cybel feels more like a cocktail experience than a coffee bar,” Brewed Awakening’s Owner Chris Zamora said to St. Pete Rising. “We do not have an espresso machine. All of our cold brews are bottled, and we are using cocktail shakers for our made-to-order drinks.”

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Pete's Bagels debuts co-working space in Gulfport

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Pete's Bagels debuts co-working space in Gulfport

Steven Peterman, owner behind the beloved St. Pete bagel shop Pete's Bagels, is launching a new venture—a co-working space in Gulfport.

Monday Morning Club will be designed to resemble a vintage diner, bringing a taste of fun nostalgia to 1401 49th Street South.

Members will enjoy free WiFi, complimentary coffee from St. Pete-based Look Alive Coffee, free bagels from Pete’s every Friday, and discounts on events and space rentals.

“I have always wanted to open a diner,” Peterman said to St. Pete Rising. “But this space isn’t really set up for a restaurant.”

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Downtown St. Pete apartment complex 930 Central Flats sells for $81 million

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Downtown St. Pete apartment complex 930 Central Flats sells for $81 million

930 Central Flats, a luxury six-story 218-unit apartment community in Downtown St. Pete’s EDGE District, has a new owner.

Texas-based residential real estate management group Olympus Property, which owns multiple apartment complexes across Florida, has acquired the upscale apartment complex at 930 Central Avenue for $81 million, according to a deed published on October 28th.

The group purchased the complex from White Oak Partners, which purchased the property in 2020 for $64 million.

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