$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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Construction crews have completed demolition of the former UPC Insurance headquarters in downtown St. Pete, clearing the three-acre site for two 31-story apartment towers with 824 apartments and more than 30,000 square feet of retail space.
The 40,000-square-foot office building at 800 2nd Avenue South most recently served as a temporary office for the Tampa Bay Rays after Hurricane Milton damaged Tropicana Field.
UPC Insurance, which once occupied the building as its corporate headquarters, was placed into liquidation in 2023.
St. Pete-based Echelon, in partnership with Third Lake Partners, will develop the $225 million project, which will span more than 1.7 million square feet.
While shorter than the 46-story Residences at 400 Central, the two-tower development will contain more total floor area. At 343 feet, the towers will become the tallest buildings west of 5th Street and rank among downtown St. Pete’s 10 tallest structures.