Downtown St. Pete's tallest office tower, 200 Central, sells to local group

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Downtown St. Pete's tallest office tower, 200 Central, sells to local group

The tallest office building in Pinellas County has changed hands.

Feldman Equities and its partners have acquired 200 Central Avenue, the 28-story office tower at the corner of Central Avenue and 2nd Street in downtown St. Petersburg.

Financial terms of the transaction were not disclosed.

The Tampa Bay-based commercial real estate firm announced the acquisition Wednesday and said it plans to invest more than $20 million into upgrades and improvements throughout the building.

The tower was previously owned by Third Lake Capital, a Tampa-based investment advisory firm, which purchased the property for $65.75 million in 2017, according to Pinellas County property records.

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First look inside the 42-story Art House condo tower set to open this fall in downtown St. Pete

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First look inside the 42-story Art House condo tower set to open this fall in downtown St. Pete

Three years after breaking ground, downtown St. Pete’s skyline is about to welcome its newest addition: Art House, a 42-story luxury condominium tower set to begin move-ins this October.

Located at 235 1st Avenue South, adjacent to 200 Central, the city’s tallest office tower, Art House is being developed by Kolter Urban, the South Florida-based firm behind ONE St. Petersburg and Saltaire.

The general contractor is Coastal Construction, with design contributions from SB Architects, ID & Design International, and Kimley-Horn. Smith & Associates is serving as the exclusive broker for the condo tower.

During a hard hat tour this week, St. Pete Rising got an exclusive look inside the tower, which has been under construction since mid-2022.

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Local artist to debut new waterfront-inspired sculpture at 42-story Art House condo tower

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Local artist to debut new waterfront-inspired sculpture at 42-story Art House condo tower

A modern sculpture inspired by St. Pete's waterfront will become a focal point for residents and guests entering the 42-story Art House condominium tower in downtown St. Pete.

South Florida-based developer Kolter Urban, which has developed two other condo projects in downtown St. Pete, has commissioned well-known St. Pete artist and sculptor Cecilia Lueza to create a stunning art piece for the new 244-unit luxury condo tower at 235 1st Avenue South.

“Similar to Art House, ALLURE [the sculpture] was heavily influenced by the beautiful waterfront community we enjoy here in St. Petersburg. My sculptures are about honoring and enriching nature, blending colors, shapes, and the rhythm of the earth to transform the space around us while creating a place where we feel connected,” Lueza said in a prepared statement.

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42-story Art House condo tower tops out in downtown St. Pete

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42-story Art House condo tower tops out in downtown St. Pete

Soaring 450 feet, the 42-story Art House condominium tower in downtown St. Pete has now reached vertical completion.

The topping off of Art House marks a key milestone in the construction of the new 244-unit luxury condo tower at 235 1st Avenue South.

South Florida-based developer Kolter Urban, which has developed two other condo projects in downtown St. Pete, the 41-story ONE St. Petersburg and the recently completed 35-story Saltaire, will hold a private celebration on Thursday evening commemorating the construction milestone.

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Aerial St. Pete: Downtown St. Pete’s tallest towers continue to rise

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Aerial St. Pete: Downtown St. Pete’s tallest towers continue to rise

This month’s edition of Aerial St. Pete shows the construction progress on seven residential towers currently under construction throughout downtown St. Petersburg.

Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with AB3 Visuals. 

In the article, we show the construction progress for projects including The Nolen, Modera St. Petersburg, Art House, 3rd & 3rd, Residences at 400 Central, Reflection, and Viv Apartments.

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Done Deals: $182M loan secured for condo tower, 8-story hotel coming to Madeira Beach, St. Pete estate sells for over $9M

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Done Deals: $182M loan secured for condo tower, 8-story hotel coming to Madeira Beach, St. Pete estate sells for over $9M

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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Aerial St. Pete: New downtown towers join an ever-expanding skyline in St. Pete

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Aerial St. Pete: New downtown towers join an ever-expanding skyline in St. Pete

This month’s edition of Aerial St. Pete shows the construction progress on several real estate developments throughout downtown St. Petersburg.

Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Petersburg, FL. To accomplish this, we have teamed up with AB3 Visuals. 

In the article, we show the construction progress for projects including The Nolen, Reflection, Residences at 400 Central, Viv Apartments, Modera St. Petersburg, Art House, the Cordova Inn expansion, and the Chabad Center for Jewish Life.

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Done Deals: 25-story tower advances, Art House hits construction milestone, Clearwater estate lists for $37.5 million

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Done Deals: 25-story tower advances, Art House hits construction milestone, Clearwater estate lists for $37.5 million

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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Aerial St. Pete: Downtown St. Petersburg’s skyline rises to new heights with new development

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Aerial St. Pete: Downtown St. Petersburg’s skyline rises to new heights with new development

This month’s edition of Aerial St. Pete shows the progress on several real estate developments throughout St. Petersburg, FL. Aerial St. Pete is a column by St. Pete Rising which features exclusive aerial photography of projects under construction in St. Pete.

To accomplish this, we have teamed up with AB3 Visuals. 

In this article we are taking a look at Art House, The EDGE Collective, Modera St. Petersburg, The Nolen, Reflection, The Residences at 400 Central, and Viv Apartments.

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42-story condo tower Art House completes foundation pour in downtown St. Pete

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42-story condo tower Art House completes foundation pour in downtown St. Pete

A major construction milestone has been reached on Art House, a 42-story condominium tower under construction in downtown St. Petersburg.

General contractor Coastal Construction has announced the completion of the foundation pour for the building, which is in under construction at 235 1st Avenue South.

Art House is being developed by Delray Beach-based Kolter Group, the developer behind ONE St. Petersburg and Saltaire.

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