35-story luxury condo tower Saltaire is now complete in downtown St. Pete
/Downtown St. Pete’s newest luxury address has arrived!
Construction has been successfully completed on Saltaire, the 35-story condominium tower that has been under construction at 300 1st Street South since 2020.
Standing 408 feet tall, Saltaire features 192 condominium residences along with 8,600 square feet of ground floor retail space, which fronts 1st Street and 2nd Street South.
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Construction is underway on Azalea Cay, a planned 1,000-unit apartment community on the former Raytheon property in west St. Pete.
Tampa-based Metro Development Group, St. Pete-based Porter Development, and local elected officials broke ground Monday morning on the first phase of the project at 1501 72nd Street North, near Azalea Park and Tyrone Square Mall.
The $109.8 million first phase will bring 341 apartments, including 102 income-restricted homes.
Fifty-one apartments will be reserved for households earning up to 80% of the area median income (AMI), while another 51 will be available to households earning up to 120% of AMI.
“I look around and I envision someday teachers, nurses, first responders coming home from a tough day at work and calling Azalea Cay home,” Les Porter, president of Porter Development, said during the ceremony. “Maybe one of the big reasons why they’re still able to live in St. Pete is because of the rent associated with their apartment.”
The remaining 239 apartments will rent at market rate. The income-restricted units must remain affordable for at least 50 years.