July 23, 2025

The Nolen, a 23-story condo tower in downtown St. Pete, opens to residents

July 23, 2025/ Veronica Brezina

After nearly three years of construction, residents have started moving into the Nolen, a 31-unit luxury condominium tower in downtown St. Pete.

Located at 126 4th Avenue Northeast, the community has sold 30 of its residences, with just one home still available. Closings began last week, and 80% of homeowners are expected to move in over the next few weeks.

The Nolen was developed by DDA Development and Backstreets Capital, the same team behind The Salvador, which opened in 2017. They are also currently developing The Central, a 2.1-acre mixed-use project in St. Pete’s EDGE District.

July 23, 2025

Cathie Wood's ARK Invest to move headquarters to EDGE District in downtown St. Pete

July 23, 2025/ Veronica Brezina

ARK Invest, a leading global investment firm known for its focus on disruptive innovation, will relocate its downtown St. Pete headquarters to the EDGE District.

Tampa-based Ellison Development announced Wednesday that ARK Invest, which is currently headquartered at 200 Central Avenue, will occupy 13,000 square feet on the 11th floor of Halcyon, a new office building expected to break ground later this year at 1301 Central Avenue.

Halcyon represents the first Class A office building constructed in downtown St. Pete since the 1980s.

The 11-story, 130,000-square-foot office building is one of the main components of The Central, a 2.1-acre mixed-use development that will also contain a 168-room Marriott Autograph Collection hotel, 14,000 square feet of retail space, a 42-unit affordable housing community, and a newly opened 540-space parking garage.

April 08, 2025

Inside The Nolen, a 23-story luxury condo tower, as it nears completion in downtown St. Pete

April 08, 2025/ Veronica Brezina

Soaring 23 stories above downtown St. Pete, The Nolen is putting the final polish on its exclusive collection of 31 high-end condominiums.

The development team is preparing to welcome its first wave of residents by the end of May.

The Nolen, located at 126 4th Avenue Northeast, is being developed by Tampa-based DDA Development—led by Bowen Arnold and John Schilling—and St. Pete-based Backstreets Capital, led by Will Conroy.

“We’re working through our punch list with the crew, architects, and engineers. Once that’s complete, we’ll issue buyers a 10-day closing notice and conduct walk-throughs with them. We expect to close on about three units per day,” said Bowen Arnold, principal at DDA Development, in a conversation with St. Pete Rising.