Reservations Remain Strong as ONE St. Petersburg Releases New Penthouse Renders

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Reservations Remain Strong as ONE St. Petersburg Releases New Penthouse Renders

With 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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Project: Towns on Fifth

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Project: Towns on Fifth

If you follow this blog or any local news site you're probably very aware of the building boom going on in Downtown St.Pete. From apartments to condos to hotels and office there's a very strong wave of new development that is transforming downtown. Adding to the building boom is a new project: The Towns on Fifth. Located just one block from Beach Drive at 145 5th Ave NE, the Towns on Fifth is a development of 8 luxury town homes. Each unit will feature 3 floors with a rooftop terrace and a two car garage that opens to a private central driveway.

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Project: ONE St. Petersburg

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Project: ONE St. Petersburg

I'm a little late with this post but nonetheless I'm very excited to tell you about ONE St.Petersburg, a huge new project in the heart of downtown. ONE St.Petersburg will be a 41 story, 253 unit condo tower complemented by a garage and retail base along with a second tower featuring 174 hotel rooms.

The Kolter Group is developing this $120 million project that will likely become St.Petersburg's tallest building.

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Project: The Salvador

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Project: The Salvador

Just announced today by Smith & Associates Real Estate, the newest condo project in Downtown St. Petersburg will be The Salvador. The announcement of this project is unsurprising given that two other luxury condo projects- Rowland Place and Bliss– have had strong sales.

The Salvador will be a 13 story green certified building housing 74 luxury condo units. This project is being developed by DDA Development along with the MESH architecture group to offer 1 & 2 bedroom units from 964-1810 sqft as well as 3 bedroom, 2500+ sqft penthouse units.  The location of this project is just another sign

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Project: Bliss Condominiums

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Project: Bliss Condominiums

Just announced today, a new condominium tower called Bliss is under development less than a block off of Beach Drive. This project will replace the Buckley Moss gallery and is adjacent to Rowland Place- a 20 unit condo project currently under construction. Bliss will consist of 30 units across 19 stories with most units featuring 3 bedrooms and 2.5 bathrooms and 2,140 square feet of living space. According to this post, prices will start around 

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Project: DRC Approves 72 Unit Condo Tower

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According to the St.Petersburg Tribune, the Development Review Comission(DRC) approved a 16 story, 72 unit condo tower slated to be built on 145 4th Ave N in Downtown St.Petersburg.

The $40 million project would have 13 residential floors above a three floor parking garage.

Many neighborhood associations opposed the proposed project because they believe it is too large for the historic neighborhood.  However, the Walker Whitney Plaza condo tower is less than a block away and is of similar size with 56 units on 13 floors.

To read more about the 145 4th Ave N Project click here.