Done Deals: Downtown apartment tower reaches capacity, Tapas and wine bar opens, Marina sells on Salt Creek
/Done Deals is a weekly column by St. Pete Rising spotlighting recent real estate market insight and significant deals happening in the Sunshine City and beyond. The following information is sourced from public records and trusted intel.
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Ascent apartment tower nears full occupancy
The ascent st. pete tower at 225 1st avenue north | Ascent St. pete
Ascent St. Pete, a 36-story downtown mixed-use apartment tower, has nearly leased all 357 apartments less than a year after the first move-ins began.
Soaring 378 feet high at 225 1st Avenue North, Ascent, which is the tallest apartment tower in St. Pete, was developed by Greystar Real Estate Partners and features a connected 172-key AC Hotel by Marriott.
"At 90% occupancy, we are just a few more move-ins away from stabilization," Dustin Miller, Manager at Greystar Real Estate Partners, wrote in a LinkedIn post, simultaneously announcing his departure.
Construction began in December 2020. The tower topped out in 2022. Apartment pre-leasing launched a few months after the topping out.
Ascent offers studios, one-, two- and three-bedrooms, and penthouses on the top two floors with elevated finishes and access to dedicated penthouse amenities.
The main pool deck is on a sixth-floor amenity deck with lounges, private cabanas, outdoor grilling areas, and fire pits. There is a second rooftop pool on the 37th floor.
Last year, St Pete Rising announced that Chris Ponte will be opening Olivia, a modern Italian restaurant, on the ground floor of Ascent.
The ground floor features over 6,800 square feet of retail space along 1st Avenue and 2nd Street.
The remaining apartments start at $2,149 per month.
Bohemios tapas and wine bar opens at Camden Central
Bohemios’ new st. pete location on the ground floor of camden central | bohemios
Popular Sarasota-based tapas restaurant and wine bar Bohemios has opened a location in St. Pete's Camden Central Apartments.
Bohemios debuted earlier this week at 875 Central Avenue in the ground-floor space formerly occupied by BurgerFi.
The menu offerings are the same as its Sarasota outpost, with Bohemios' celebrated paella dish, empanadas, Iberian ham, bruschetta, and meatballs.
The 2,400-square-foot restaurant can seat up to 80 people and has 14 bar seats and outdoor dining.
Bohemios is open from 11 a.m. to 10 p.m. Monday through Thursday, 11 a.m. to 12 a.m. Friday and Saturday, and 11 a.m. to 9 p.m. Sunday.
Other tenants coming soon to the ground floor of Camden Central are Tweeds, a custom menswear and suit shop; Top Buttons, an upscale pre-owned women's boutique; BodyRok, a fitness studio specializing in Pilates; and Fit2Run, an activewear retailer that's relocating from 256 2nd Street North.
Additionally, J. Fiore’s Contemporary Steakhouse, an upscale steak and seafood restaurant, is set to open in mid-2024 in the historic Union Trust bank building.
Marina business and property sell
The progressive marine service boatyward and facility | loopnet
A marina business along St. Pete's Salt Creek estuary has sold in a $4.8 million deal.
Progressive Marine Service Inc., which specializes in hauling and servicing large catamarans, sold the business and property at 1351 Bay Street Southeast to New York-based real estate management firm Odyssey Real Estate Development LLC.
The property includes a 5,000-square-foot industrial warehouse on 0.88 acres of land and 0.44 acres of Salt Creek.
The boatyard is a full-service facility with a 94-ton and 26-foot beam lift that accommodates larger boats, enabling the facility to service power catamarans and other large vessels that can't be serviced at a typical facility, according to a Loopnet listing from Commercial Realty Partners.
The business has licensed mechanics providing fiberglass repair and fabrication, painting, sandblasting, engine repowering, and servicing for gas, diesel, and outboard engines.
The business and property were previously listed at $5.5 million.
Lennar launches sales of Pinellas Park townhomes
A rendering of lennar’s towhomes coming to pinellas park | Lennar
National home builder Lennar is launching sales for its new townhome community in Pinellas Park.
The Townes at Bayou Heights is a new 32-townhome community under construction at 9595 66th Street North in a gated enclave.
“We are excited to expand our presence in the Tampa Bay market by bringing townhomes with the design, comfort, and quality that Lennar is known for to Pinellas Park,” Lennar Tampa Division President Steve Smith said in a news release.
The two-story homes will range from 1,801 to 2,466 square feet with three to four bedrooms and two-and-a-half baths.
Pricing for townhomes at Townes at Bayou Heights begins in the mid $400,000s.
The open-concept-designed homes all feature an attached two-car garage.
Homebuyers can select design packages with optional quartz countertops, ceramic tile flooring, and stainless steel appliances.
Future amenities will include a pool and cabanas.
The community will be "the best of urban living, enhanced by a host of nearby parks and beaches that active outdoor enthusiasts will fall in love with," Smith said.
The townhome community sits adjacent to the Helen S. Howarth Community Park, which has a recreation center, an equestrian center, a dog park, sports courts and fields, a nature trail, picnic pavilions, and a playground.
Largo apartments sell for over $17 million
The oasis at bayside east apartments in largo | faris capital partners
A 104-unit apartment complex in Largo has sold in a $17.5 million deal.
Latitude Forest Creek LLC sold the Oasis at Bayside East apartments, located at 13500 Rodgers Avenue, to Naples-based multifamily investment group Faris Capital Partners, which plans to resell the property.
The complex, constructed in 1986, has one-, two-, and three-bedroom floorplans ranging from 700 to 1,000 square feet.
The renovated units have hardwood flooring, stainless steel appliances, walk-in closets, and balconies or patios.
Residential amenities include a swimming pool, a fitness center, a dog park, and laundry facilities.
"The plan is to increase value by rebranding, upgrading exterior and interiors, improving amenities, and improving operational excellence," Faris Capital Partners wrote in a post about the acquisition.
According to the firm’s website, following the rebrand and site improvements, the property could be relisted on the market for $31.3 million after a five-year hold period.
