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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Read MoreA new version of a scaled-back Mirror Lake condominium tower is moving forward.
During a Wednesday, March 3rd St. Petersburg Development Review Commission meeting, officials unanimously approved Skyward Living's plans to build Lake House, an 11-story upscale condo building at 200 Mirror Lake Drive North.
The applicant St. Pete-based Skyward Living, which is helmed by St. Pete local developer Hudson Harr, must meet more than 20 different conditions for the project.
Read MoreLocal real estate firm NJR Investment and Development Company has revised plans for its latest St. Pete project - more than doubling the number of residential units.
The team has filed plans for Aerie on 3rd, a 36-unit condo building that will rise at 357 3rd Street South, across from Camden Pier District.
NJR previously planned to build a 15-unit townhome community dubbed Claridge Lane Townhomes on the 0.34-acre lot.
“We think the market can support a condo project with 36 units in a five-story building,” CEO Neil J. Rauenhorst said to St. Pete Rising. “We see continued strong demand for condos in several downtown high-profile buildings.”
Read MoreA new eight-unit luxury condominium building is set to break ground this summer in Indian Rocks Beach.
The boutique Sai Ocean Front Residences will rise at 404 Gulf Boulevard, the site of the former 45-key Gulf Towers Motel across from The Original Crabby Bill’s seafood restaurant.
Tampa philanthropist and real estate investor Dr. Kiran Patel, most notably known for selling WellCare for $200 million in 2002, is developing the project.
Read MoreWith the tailwinds of a red hot downtown real estate market at its back, ONE St. Petersburg has continued to far exceeded expectations.
Since having an official grand opening event in February around 120 units have been reserved, representing sales of over $126 million. Dave Traynor, of Smith & Associates, said about a third of the reservations have come from existing St. Pete residents while another third have come from other areas in Tampa Bay. The remaining third have come from out of area buyers primarily from the Northeast and the Midwest.
Soaring over 450 feet, ONE St. Petersburg will be the tallest building in St. Petersburg and in Pinellas County. The 41-story, 253 unit condo tower, which is expected to break ground in the first quarter of 2016, will be located at 100 First Ave N.
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