Demolition permit filed for future site of 50-story Waldorf Astoria Residences St. Petersburg
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A demolition permit has been filed for the City Center office tower parking garage in downtown St. Pete, the future site of the 50-story Waldorf Astoria Residences St. Petersburg.
The garage, located at 150 2nd Avenue South, will be removed as part of the redevelopment. The office tower itself is not included in the permit and will remain.
The project, announced in June 2024, was approved by the St. Petersburg City Council later that year.
The 50-story tower, expected to become the tallest building in the city, is being co-developed by Miami-based Property Markets Group (PMG) and St. Petersburg-based Feldman Equities, in partnership with Vancouver-based City Office REIT and Orlando-based Tower Realty Partners.
In addition to 163 luxury condominiums, the approximately $500 million development will include 73,000 square feet of Class A office space, ground-floor retail, and an extensive collection of resort-style amenities.
The 50-story Waldorf Astoria Residences St. Petersburg will be constructed on the site of the existing six-story City Center parking Garage in downtown St. Pete | Google maps
Designed by CUBE 3 with interiors by San Francisco-based BAMO, the tower will feature two- and three-bedroom residences ranging from 2,031 to 3,408 square feet.
Residents will have access to multiple swimming pools, private dining spaces, a wellness center, fitness facilities, owners' lounges, concierge services, and other luxury amenities associated with the Waldorf Astoria brand.
The development has continued to gain momentum since its launch.
Earlier this month, the project surpassed $200 million in sales.
Last July, a local businessman purchased one of the tower's two-story, 11,000-square-foot penthouses for $27 million, setting a new record for the Tampa Bay condominium market.
Prices for the remaining residences currently start at $2.9 million.
There is no timeline for demolition of the garage, though the developers have previously said they expect to break ground by the end of the year.
If that schedule holds, the tower is expected to be completed in 2030.
The 50-story Waldorf Astoria Residences St. Petersburg will rise at 150 2nd Avenue South, replacing the existing six-story parking garage serving the City Center office tower | St. Pete Rising
