$13.2 million penthouse under contract at proposed Roche Bobois Tower could shatter Tampa Bay condo record
/A penthouse in a planned 29-story luxury tower in downtown St. Pete is under contract — and if it closes, it would shatter Tampa Bay’s condominium pre-sale record.
The residence sits atop the proposed Roche Bobois St. Pete Tower, a $200 million, 164-unit development from Valor Real Estate Development in partnership with French luxury furniture brand Roche Bobois.
The 4,840-square-foot penthouse is under contract for $13.2 million — or $2,727 per square foot.
If the deal closes, it would easily surpass the current Tampa Bay pre-sale record: a $4.94 million contract at The Nolen, which equated to $1,494 per square foot and remains the region’s highest-priced new construction condo sale to date.
In July, an 11,000-square-foot penthouse at proposed 50-story Waldorf Astoria Residences St. Petersburg went under contract for $27 million, or $2,454 per square foot.
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A 31-acre office property along McCann Lake has received preliminary approval for what would become the largest apartment community in Pinellas Park, with 552 units, including at least 221 affordable apartments.
City staff approved the preliminary site plan on September 30th for 10222 MCI Drive in the Gateway Centre Business Park.
The two-phase development would replace an office campus with nine four-story apartment buildings, two clubhouses, pickleball courts, and 847 parking spaces.
The apartment proposal relies on Florida’s Live Local Act, which allows residential development on the industrially zoned property, provided that at least 40% of the apartments, or at least 221 units, are reserved for households earning at or below 120% of the area median income for a minimum of 30 years.
The remaining 331 apartments would be leased at market rates.
Plans call for apartments ranging from studios to three-bedroom units. All nine residential buildings would rise four stories, with a maximum height of 50 feet.