August 06, 2025

29-story condo tower approved for 4th Street South in downtown St. Pete

August 06, 2025/ Veronica Brezina

A Clearwater-based developer has received approval to build a new 29-story residential tower in downtown St. Petersburg.

Valor Capital plans to construct a $70 million, 165-unit condominium tower on the northeast corner of 4th Street South and 4th Avenue South, just two blocks from the Publix-anchored University Village retail plaza.

At a Development Review Commission meeting on Wednesday, commissioners unanimously approved a floor area ratio (FAR) bonus and a building height bonus for the project, known as the Roche Bobois Residences. Construction is expected to begin in 2026.

The approval follows a prior site plan approval for the project by the St. Petersburg City Council, acting as the Community Redevelopment Agency, in July.

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 22, 2025

$27 million penthouse sale at Waldorf Astoria Residences in downtown St. Pete shatters Tampa Bay condo record

July 22, 2025/ Veronica Brezina

A local business leader has purchased a two-story penthouse atop the planned 50-story Waldorf Astoria Residences tower in downtown St. Petersburg for $27 million.

Planned for 150 2nd Avenue South, the Waldorf Astoria Residences will be the city’s tallest building and the first five-star branded condo tower in St. Petersburg. The project will include 163 condominiums, 73,000 square feet of Class A office space, 10,000 square feet of ground-floor retail, and a wide range of luxury amenities.

The sale of the 11,000-square-foot rooftop unit has shattered the record for the most expensive condominium ever sold in the Tampa Bay area.

The previous high in St. Pete was an $8.25 million penthouse at Saltaire, located next to the proposed Waldorf Astoria tower in downtown St. Pete, which sold in 2024. In Tampa, the record is an $11.6 million penthouse at the Ritz-Carlton Residences, sold in 2021.

June 19, 2025

First look inside the 42-story Art House condo tower set to open this fall in downtown St. Pete

June 19, 2025/ Brian Zucker

Three years after breaking ground, downtown St. Pete’s skyline is about to welcome its newest addition: Art House, a 42-story luxury condominium tower set to begin move-ins this October.

Located at 235 1st Avenue South, adjacent to 200 Central, the city’s tallest office tower, Art House is being developed by Kolter Urban, the South Florida-based firm behind ONE St. Petersburg and Saltaire.

The general contractor is Coastal Construction, with design contributions from SB Architects, ID & Design International, and Kimley-Horn. Smith & Associates is serving as the exclusive broker for the condo tower.

During a hard hat tour this week, St. Pete Rising got an exclusive look inside the tower, which has been under construction since mid-2022.

June 05, 2025

29-story condo tower planned for 4th Street South in downtown St. Pete, replacing earlier condotel proposal

June 05, 2025/ Veronica Brezina

A Clearwater-based developer is moving forward with revised plans for a high-rise residential tower in downtown St. Pete, significantly altering a previously approved design.

Valor Capital is seeking city approval to amend its original proposal for the Roche Bobois Residences, a project initially envisioned as a 25-story, 152-unit condotel tower.

The development is slated for the northeast corner of 4th Street South and 4th Avenue South, just two block from the Publix-anchored University Village retail plaza.

The revised plan reimagines the project as a 29-story condominium tower with 165 residential units, 4,103 square feet of commercial space, and 103 parking spaces (83 in a parking garage and 20 surface spaces to the west of the tower).

April 30, 2025

50-story Waldorf Astoria Residences in downtown St. Pete launch sales starting at $2.5 million

April 30, 2025/ Veronica Brezina

Sales have launched for the Waldorf Astoria Residences in downtown St. Petersburg, a project that will become the city’s tallest tower and its first hotel-branded luxury condominium.

The 50-story, 539-foot-tall tower planned for 150 2nd Avenue South will include 163 condominiums, 73,000 square feet of Class A office space, 10,000 square feet of ground-floor retail, and an extensive collection of high-end residential amenities.

Pricing for the luxury condominiums start at $2.5 million.

The $500 million tower, which will be managed by Hilton, is being co-developed by Miami-based Property Markets Group and St. Petersburg-based Feldman Equities, who own the adjacent City Center office building. Vancouver-based City Office REIT and Orlando-based Tower Realty Partners are also involved. Smith & Associates Real Estate is overseeing the sales.

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.

February 06, 2025

40-unit condo building Castille Urbana opens in downtown St. Pete

February 06, 2025/ Veronica Brezina

Construction is complete and move-ins have commenced at Castille Urbana, a new 40-unit condominium building, in downtown St. Pete.

NJR Investment and Development Company, which is helmed by CEO and President Neil Rauenhorst, recently announced the completion of the five-story building at 600 3rd Avenue South, located just three blocks from St. Pete’s best restaurants, bars, and coffee shops on Central Avenue.

“This milestone marks a significant achievement, particularly in a market where delays have become common,” Rauenhorst said in an announcement. “We’re thrilled to provide new homeowners the opportunity to move in without waiting, delivering a truly unparalleled downtown St. Pete lifestyle.”

January 21, 2025

46-story 400 Central condo tower tops out in downtown St. Pete

January 21, 2025/ Veronica Brezina

Topping out at 515 feet tall, the roof of the 46-story Residences at 400 Central condominium tower has been poured — marking the completion of vertical construction for the tallest residential building on Florida's Gulf Coast.

New York billionaire John Catsimatidis Sr., founder of development company Red Apple Group, alongside select media members, met at the site on Saturday morning for an exclusive view from atop the tower being constructed at 400 Central Avenue in downtown St. Pete.

Crews from Suffolk Construction are actively building out the Sky Lounge and Observatory on the 46th floor of the tower, which Catsimatidis Sr. refers to as the “Empire State Building of St. Pete.”

November 07, 2024

Prominent developer purchases over four acres in St. Pete Beach, plans mixed-use condo project

November 07, 2024/ Veronica Brezina

Delray Beach-based real estate developer Kolter Urban has acquired 4.5 acres of waterfront property on St. Pete Beach, with the intention of developing a mixed-use residential project on the site.

Kolter has developed numerous condo towers in downtown St. Pete, including ONE St. Petersburg, which opened in 2019; Saltaire, which opened in 2023; and the upcoming Art House, which is on track to debut in 2025.

On Monday, Kolter paid $9.85 million for a vacant property at the east end of Corey Avenue that was previously slated to be developed into Corey Landing, a 243-unit apartment community with restaurants, shops, a park, and boat docks.