50-story Waldorf Astoria Residences St. Petersburg surpasses $100 million in sales
/The Waldorf Astoria Residences St. Petersburg has eclipsed $100 million in sales, marking a major milestone not just for the planned development but for the entire luxury real estate market along Florida’s west coast.
The record-breaking sales achievement comes shortly after the opening of the sales gallery marketing the 163 residences in the 50-story, which is expected to soon break ground at 150 2nd Avenue South.
It will be St. Pete’s first hotel-branded luxury condominium tower and the tallest building in the city.
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Construction crews have completed demolition of the former UPC Insurance headquarters in downtown St. Pete, clearing the three-acre site for two 31-story apartment towers with 824 apartments and more than 30,000 square feet of retail space.
The 40,000-square-foot office building at 800 2nd Avenue South most recently served as a temporary office for the Tampa Bay Rays after Hurricane Milton damaged Tropicana Field.
UPC Insurance, which once occupied the building as its corporate headquarters, was placed into liquidation in 2023.
St. Pete-based Echelon, in partnership with Third Lake Partners, will develop the $225 million project, which will span more than 1.7 million square feet.
While shorter than the 46-story Residences at 400 Central, the two-tower development will contain more total floor area. At 343 feet, the towers will become the tallest buildings west of 5th Street and rank among downtown St. Pete’s 10 tallest structures.