40-unit condo building Castille Urbana opens in downtown St. Pete
/Construction is complete and move-ins have commenced at Castille Urbana, a new 40-unit condominium building, in downtown St. Pete.
NJR Investment and Development Company, which is helmed by CEO and President Neil Rauenhorst, recently announced the completion of the five-story building at 600 3rd Avenue South, located just three blocks from St. Pete’s best restaurants, bars, and coffee shops on Central Avenue.
“This milestone marks a significant achievement, particularly in a market where delays have become common,” Rauenhorst said in an announcement. “We’re thrilled to provide new homeowners the opportunity to move in without waiting, delivering a truly unparalleled downtown St. Pete lifestyle.”
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Plans have been revealed for two 44-story condominium towers at the site of the Hilton St. Petersburg Bayfront, in what would be one of the largest condo developments ever proposed for downtown St. Pete.
Delray Beach-based Kolter Urban recently circulated a site plan application to neighborhood and business associations outlining a $325 million redevelopment of the hotel property at 333 1st Street South.
If built as proposed, the towers would rise up to 509 feet. Only two existing or planned towers in St. Petersburg would be taller: the 515-foot Residences at 400 Central and the 539-foot Waldorf Astoria Residences planned at 150 2nd Avenue South.
The two new towers, which have been designed by 10 Design, would tie for the city’s third-tallest buildings, ahead of the 450-foot Art House and ONE St. Petersburg towers and the 408-foot Saltaire.
The proposal calls for 325 condo units, 17,988 square feet of commercial space, and a 519-space parking garage.
Kolter would also make 207 spaces in the adjacent Saltaire garage available to residents, for a total of 726 parking spaces.